New Zealand Legislation: Supplementary Order Papers
Supplementary Order Papers (SOPs) are proposed amendments to Bills
Supplementary Order Papers (SOPs) are proposed amendments to Bills
Clause 12
To insert the following paragraphs after paragraph (g) (after line 11 on page 78):
(ga) a registered valuer giving advice in the course of his or her professional practice as a registered valuer if the advice is a necessary incident of the professional practice of a registered valuer; or
(gb) any of the following persons making an investment transaction in relation to a security:
(i) an issuer or a trustee (within the meaning of the Securities Act 1978 or the Unit Trusts Act 1960):
(ii) a nominated person of a trustee (within the meaning of the Unit Trusts Act 1960):
(iii) a nominee of a nominated person of a trustee (within the meaning of the Unit Trusts Act 1960):
(iv) a statutory supervisor (within the meaning of the Securities Act 1978):
(v) a security registrar appointed by the issuer; or
(gc) a person who only transmits money or other property without being able to apply the money or property for any other purpose; or
Paragraph (k): to omit this paragraph (lines 25 to 27 on page 78) and substitute the following paragraph:
(k) a person giving advice, or making an investment transaction, in relation to a category 2 product or providing a financial planning service, if the advice is given, or the transaction is made, or the planning service is provided without charge in the course of a service offered by a non-profit organisation; or
Paragraph (m): to omit this paragraph (lines 31 to 33 on page 78) and substitute the following paragraph:
(m) an employer providing assistance to an employee with the implementation of a decision to acquire or dispose of a financial product made available through the employee's workplace unless the assistance includes or is accompanied by a recommendation or opinion as to the suitability of the financial product; or
Paragraph (r): to omit this paragraph (lines 6 to 9 on page 79).