Document ID: chunk:federal_register_of_legislation:C2004A03315:body:0:p4
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in sub-section (4) ", or in a futures contract, whether a futures contract is of the same kind as another futures contract" after "securities".

PART IV—AMENDMENTS OF SECURITIES INDUSTRY ACT 1980

Principal Act
11. The Securities Industry Act 19803 is in this Part referred to as the Principal Act.

Interpretation
12. Section 4 of the Principal Act is amended—
    (a) by inserting after paragraph (e) of the definition of "securities" in sub-section (1) the following paragraph:
       "(ea) a futures contract within the meaning of the Futures Industry Act 1986 or of the provisions of a law of a participating State or participating Territory that correspond with that Act;"; and
    (b) by inserting after sub-section (5) the following sub-sections:
    "(5a) In determining for the purposes of this Act whether or not a person deals in securities, carries on a business of dealing in securities, or holds himself, herself or itself out as carrying on a business of dealing in securities, an act done by the person that constitutes, or 2 or more acts done by the person that together constitute, for the purposes of the Futures Industry Act 1986 or of the provisions of a law of a participating State or participating Territory that correspond with that Act, a dealing by the person in a futures contract, shall be disregarded.
    "(5b) In determining for the purposes of this Act whether a market, exchange, place or facility is a stock market, regard shall not be had to the making at that market, exchange or other place, or by means of that facility, as the case may be, of futures contracts within the meaning of the Futures Industry Act 1986 or the provisions of a law of a participating State or participating Territory that correspond with that Act.".

Register of Licence Holders
13. Section 54 of the Principal Act is amended by omitting from sub-paragraph (2) (a) (ii) "names of the directors and secretary" and substituting "name of each person who is a director, and the name of each person who is a secretary,".

Application of Part
14. Section 70 of the Principal Act is amended—
    (a) by omitting "This" and substituting "(1) This"; and
    (b) by adding at the end the following sub-section:

    "(2) This Part does not affect, and shall be deemed never to have affected, the operation of Part VI of the Companies Act 1981 in relation to a company within the meaning of that Act that is the holder of a dealers licence or in relation to a business of dealing in securities that is carried on by such a company.".

Removal and resignation of auditors
15. Section 76 of the Principal Act is amended—
    (a) by omitting sub-section