New Zealand Legislation: Supplementary Order Papers
Supplementary Order Papers (SOPs) are proposed amendments to Bills
Supplementary Order Papers (SOPs) are proposed amendments to Bills
Clause 6
New section 156N(6): to omit this subsection (lines 21 to 23 on page 12) and substitute the following subsection:
“(6) To avoid doubt,—
“(a) rules are not regulations for the purposes of the Regulations (Disallowance) Act 1989 and the Acts and Regulations Publication Act 1989; and
“(b) a breach of a condition to which the designation of a settlement system is subject does not affect the application of section 156Q, 156R, 156T, or 156X of this Act or section 103A of the Personal Property Securities Act 1999.
New section 156Y(3)(a): to omit this paragraph (lines 12 to 14 on page 20) and substitute the following paragraphs:
“(a) be accompanied by a copy of the rules of the settlement system; and
“(ab) be accompanied by any information required by either or both of the joint regulators; and
New section 156ZN(1): to omit “section 156ZL”
(line 29 on page 27) and substitute “section 156Y(3)(ab) or 156ZL”
.
New section 156ZN(3): to omit “section 156ZL”
(line 25 on page 28) and substitute “section 156Y(3)(ab) or 156ZL”
.