6 December 2001

The Finance and Expenditure Committee is inviting public submissions on the Securities Markets and Institutions Bill. The closing date for submissions is 8 February 2002.

The bill is designed to promote confidence in the New Zealand market by increasing the effectiveness and efficiency of the law and regulatory institutions governing securities markets, and the comparability of that law with the law of other jurisdictions. The bill amends the Securities Act 1978 (including the Securities Amendment Act 1988) and the Takeovers Act 1993.

Copies of the bill can be purchased from Bennetts Government Bookshops.

The committee requires 25 copies of each submission. Those wishing to include any information of a private or personal nature in a submission should first discuss this with the clerk of the committee, as submissions are usually released to the public by the committee. Those wishing to appear before the committee to speak to their submissions should state this clearly and provide a daytime telephone contact number. For further guidance on making a submission, our publication Making a Submission to a Parliamentary Select Committee can be found on our web site at www.clerk.parliament.govt.nz.

Submissions should be addressed as follows:

Julian Kersey
Finance and Expenditure Committee Secretariat
Parliament House
WELLINGTON

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