|Name of notice||Authorised Futures Contracts|
|Gazette Notification Date||2002-09-19|
|Date In Force||2002-10-01|
This notices replaces the Securities Act (Authorised Futures Contracts) Exemption Notice 1997 (the 1997 notice). It carries forward the provisions of the 1997 notice without any change of substance, but with certain drafting changes which reflect current drafting practice.
An authorised futures contract is a futures contract which is
Authorised futures dealers are exempted from the prospectus and investment statement requirements and certain other requirements of the Act and the Regulations in respect of authorised futures contracts.
Authorised futures dealers are exempted from sections 33(2) and (3), 37, 37A, 38A, and 51 to 54B of the Act and the regulations (except regulation 8) in respect of authorised futures contracts.
The Commission reviewed the 1997 notice and received submissions from interested parties. The exemption in the 1997 notice was found to be relevant and useful. The exemption reflects current Commission policy.