Supplementary Order Paper No 253 (released 23 September 2008)

Supplementary Order Paper by clause reference

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.