(1) In these regulations, unless the context otherwise requires,—
client, in relation to a dealer, means any person (including another dealer) on behalf of whom the dealer deals, or from whom the dealer accepts instructions to deal, in futures contracts, but does not include—
client bank account, in relation to a dealer, means a bank account that is established and maintained by a dealer in accordance with regulation 3 for the purpose of receiving, holding, and disbursing client money
client funds account, in relation to a dealer, means an account that is established and maintained by a dealer in accordance with regulation 9 for the purpose of effecting transactions in relation to futures contracts between a dealer acting on behalf of clients and any clearing house, other dealer, or futures broker
client money, in relation to a dealer, means money of any currency which in the course of carrying on business as a dealer in futures contracts—
(a) the dealer or any other person on its behalf holds for, or receives from or on behalf of, clients and which is not immediately due and payable on demand to the dealer or the other person for its own account; or
client property, in relation to a dealer, means property of any kind, including credit facilities, title documents, and other securities but not including money, which in the course of carrying on business as a dealer in futures contracts the dealer or any other person on its behalf holds for, or receives from or on behalf of, clients, and includes any specified client investments and any other property acquired with client money
client records, in relation to a dealer, means the accounting and other records which the dealer is required to keep pursuant to regulation 23
overseas bank means, in respect of any country other than New Zealand, a bank licensed or otherwise authorised by the central banking authority of the country to carry on banking business in the country
recognised clearing house means a person who carries on business in New Zealand as a clearing house for an authorised futures exchange
registered bank has the same meaning as in section 2 of the Reserve Bank of New Zealand Act 1989
related party, in relation to a dealer, means,—
(a) where the dealer is an individual, the dealer's spouse, civil union partner, or de facto partner, or any child of the dealer:
specified client investment, in relation to a dealer, means any investment that is made on behalf of a client in accordance with the written authority, whether general or specific, of the client and in accordance with regulation 22 in any of the following types of property:
(b) stock, loans, investments, or securities issued by any local authority as defined in the Local Authorities Loans Act 1956:
(d) bills of exchange, promissory notes, bonds, or other investments or instruments issued, drawn, accepted, or endorsed by a registered bank:
(3) Any term or expression which is not defined in these regulations, but which is defined in the Act or the Securities Act 1978, shall, unless the context otherwise requires, have the meaning given to it by the Act or the Securities Act 1978.