Financial Markets Conduct (Overseas Custodians of Scheme Property-Assurance Engagement) Exemption Notice 2022

Summary: This notice exempts certain overseas custodians of scheme property from the requirement to obtain an assurance engagement from a New Zealand auditor that covers New Zealand assurance engagement matters.  The exemption applies to an overseas custodian who obtains assurance engagements in 1 or more of the jurisdictions listed in notice that together cover all of the scheme property of registered schemes held by the custodian or its sub-custodians. This notice is substantially similar to the Financial Markets Conduct (Overseas Custodians - Assurance Engagement) Exemption Notice 2018, which is revoked on the close of 23 February 2023. That notice covers certain relevant periods that end before 24 September 2022.