Supplementary Order Papers (SOPs) are proposed amendments to Bills
Clause 5
Paragraph (b) of the definition of category 1 product: to omit this paragraph (lines 31 to 33 on page 71) and substitute the following paragraph:
(b) any estate or interest in land; or
Paragraph (c) of the definition of category 2 product: to omit this paragraph (line 2 on page 72) and substitute the following paragraph:
(c) an insurance product excluding a life insurance policy issued after 31 December 2008; or
To insert the following definition after the definition of investment transaction (after line 32 on page 73):
issuer has the same meaning as in section 2(1) of the Securities Act 1978
To insert the following definition after the definition of licensed service (after line 2 on page 74):
life insurance policy has the same meaning as in section 2(1) of the Securities Act 1978
To insert the following definitions after the definition of registered bank (after line 4 on page 75):
registered exchange has the same meaning as in section 2(1) of the Securities Markets Act 1988
registered valuer has the same meaning as in section 2 of the Valuers Act 1948
Definition of trust account: to insert after “New Zealand”
(line 37 on page 75) “or any other prescribed entity”
.