The Authorised Futures Dealers Notice (No. 3) 1998 Pursuant to section 38 of the Securities Amendment Act 1988, the Securities Commission gives the following notice. N o t i c e 1. Title and commencement (1) This notice may be cited as the Authorised Futures Dealers Notice (No. 3) 1998. (2) This notice shall come into force on the day of its publication in the New Zealand Gazette. 2. Interpretation (1) In this notice, unless the context otherwise requires ``Act'' means the Securities Amendment Act 1988: ``company'' means New Zealand Assets Management Limited. (2) Any term or expression that is not defined in this notice, but that is defined in the Act, has the meaning given to it by the Act. 3. Authorisation (1) The company is authorised to carry on the business of dealing in futures contracts generally. (2) The authorisation is subject to the conditions that: (a) the company does not hold client money or client property in connection with futures contract dealing; (b) the company does not enter into any futures contract as a principal on behalf of any client; (c) the company does not carry on the business of dealing in futures contracts on behalf of any person other than one who has entered into a contract for investment management services with the company, and then only in accordance with the terms of that contract; and (d) the company does not carry on the business of dealing in futures contracts other than for the purposes of its investment portfolio management business. (3) The authorisation continues in force until it is revoked by the Commission. Dated at Wellington this 31st day of August 1998. l.s. The common seal of the Securities Commission was affixed in the presence of: E. H. ABERNETHY, Chairman.