Securities Markets Act (NZCDC Settlement System) Exemption Revocation Notice 2014

2014/356

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Securities Markets Act (NZCDC Settlement System) Exemption Revocation Notice 2014

Pursuant to sections 48(1)(b) and 48B of the Securities Markets Act 1988, the Financial Markets Authority, being satisfied of the matters set out in section 48(2) of that Act, gives the following notice.

Notice

1 Title
  • This notice is the Securities Markets Act (NZCDC Settlement System) Exemption Revocation Notice 2014.

2 Commencement
  • This notice comes into force on the close of 30 November 2014.

3 Securities Markets Act (NZCDC Settlement System) Exemption Notice 2010 revoked

Dated at Wellington this 21st day of November 2014.

Liam Mason,
General Counsel.


Statement of reasons

This notice, which comes into force on the close of 30 November 2014, revokes the Securities Markets Act (NZCDC Settlement System) Exemption Notice 2010 as a result of certain provisions of the Financial Markets Conduct Act 2013 coming into force on 1 December 2014. That notice is replaced by the Financial Markets Conduct (NZCDC Settlement System) Exemption Notice 2014.

The Financial Markets Authority (the FMA), after satisfying itself as to the matters set out in section 48(2) of the Securities Markets Act 1988, considers it appropriate to revoke the Securities Markets Act (NZCDC Settlement System) Exemption Notice 2010 because—


Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 27 November 2014.

This notice is administered by the Financial Markets Authority.