http://www.fma.govt.nz/Laws We Enforce - Financial Markets AuthorityFinancial Markets Authorityhttp://www.fma.govt.nz2013-05-20T10:39:37+13:00http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(property-for-industry)-exemption-notice-2013/Securities Act (Property For Industry)2013-05-20T10:39:37+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Property For Industry) Exemption Notice 2013</div><div id="body"><p><a href="/media/1653179/securities-act-property-for-industry-exemption-notice-2013.pdf"><span style="font-family: 'Calibri','sans-serif'; font-size: 11pt; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-ansi-language: EN-NZ; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Securities Act (Property For Industry) Exemption Notice 2013</span></a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(employee-share-purchase-schemes-listed-companies)/Securities Act (Employee Share Purchase Schemes - Listed Companies)2013-05-15T10:33:07+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Employee Share Purchase Schemes - Listed Companies</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(employee-share-purchase-schemes-unlisted-companies)/Securities Act (Employee Share Purchase Schemes - Unlisted Companies)2013-05-15T10:30:32+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Employee Share Purchase Schemes - Unlisted Companies</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(overseas-issuers-audit-requirement)-exemption-notice-2013/Securities Act (Overseas Issuers - Audit Requirement)2013-05-09T16:54:11+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Overseas Issuers - Audit Requirement) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/public/2013/0129/latest/DLM5149001.html?src=qs"><span style="font-family: 'Calibri','sans-serif'; font-size: 11pt; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-ansi-language: EN-NZ; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Securities Act (Overseas Issuers - Audit Requirement) Exemption Notice 2013</span></a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(externally-managed-group-investment-funds)-exemption-notice-2013/Securities Act (Externally Managed Group Investment Funds)2013-05-09T16:52:59+13:00Financial Markets Authority<div id="teaser-text">Securities Act (External Managed Group Investment Funds) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/public/2013/0130/latest/DLM5158301.html">Securities Act (Externally Managed Group Investment Funds) Exemption Notice 2013</a></p></div>http://www.fma.govt.nz/laws-we-enforce/registers/complying-superannuation-fund-register/Complying Superannuation Fund Register2013-05-09T11:33:28+13:00Financial Markets Authority<div id="teaser-text">Register of approved complying superannuation funds</div>http://www.fma.govt.nz/laws-we-enforce/registers/list-of-aml-reporting-entities/List of AML Reporting Entities2013-05-08T11:13:01+13:00Financial Markets Authority<div id="teaser-text">FMA Reporting Entities</div><div id="body"><p><strong>Supervised by the Financial Markets Authority as required by the Anti-Money Laundering Act 2009</strong></p><p>The information in this list is drawn from the Financial Service Providers Register. Visit <a href="http://www.fspr.govt.nz">www.fspr.govt.nz</a> to see additional information including the AFA's business address and list of services. Entities shown on this list will have to be AML compliant after 30 June 2013.</p><ol><li>Businesses that appear on this list have been identified as reporting entities, supervised by the Financial Markets Authority, under section 5 of the <a href="http://www.legislation.govt.nz/act/public/2009/0035/latest/DLM2140720.html">Anti-Money Laundering and Countering Financing of Terrorism Act 2009</a>.</li><li>Businesses supervised by the Financial Markets Authority include issuers of securities, trustee companies, futures dealers, collective investment schemes, brokers and financial advisers.</li><li>The list represents our current assessment and will be subject to changes made from time to time.</li><li>This list is not complete, exhaustive nor conclusive. Businesses that do not appear on this list but do meet the definition of reporting entity under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act) will be subject to the obligations created by that Act. If you own, or know of a business that falls within the definition of reporting entity under the Act, and is one of the types of businesses described above, that is not on the list please contact the Financial Markets Authority by emailing details to <a href="mailto:aml@fma.govt.nz">aml@fma.govt.nz</a></li><li>If your business is on this list and you do not agree that it falls within the definition of reporting entity under the Act please contact the Financial Markets Authority by emailing details to <a href="mailto:aml@fma.govt.nz">aml@fma.govt.nz</a></li><li>Banks, life insurers and non-bank deposit takers are supervised by the Reserve Bank of New Zealand and can access information at <a href="http://www.rbnz.govt.nz">www.rbnz.govt.nz</a>. Casinos, money service businesses (including currency exchange and money remittance/transfer), payroll remittance, lending and other services (including non-bank non-deposit-taking lenders, debt collection and factoring), financial leasing, cash transporters, safe deposit/cash storage, and issuing and managing means of payment (including non-bank credit card providers) and any other reporting entities not supervised by the Reserve Bank of New Zealand or the Financial Markets Authority and can access information at <a href="http://www.dia.govt.nz">www.dia.govt.nz</a></li><li>This list is not an official or statutory register of reporting entities. It is for information only.</li><li>The listing of a business does not imply that the Financial Markets Authority has approved of the activities of the business and does not certify compliance of the business with applicable legislation.</li></ol><p>This list does not constitute the Financial Service Providers Register under the <a href="http://www.legislation.govt.nz/act/public/2008/0097/latest/DLM1109427.html">Financial Service Providers (Registration and Dispute Resolution) Act 2008 No 97 (as at 01 April 2011), Public Act</a></p><table class="sortable"><caption>618 Reporting Entities registered as at 2013</caption><thead><tr><th>City</th><th>Company</th><th>FSPR</th></tr></thead><tbody><tr><td>Wellington</td><td>Paul Kent Financial Services</td><td>FSP100264</td></tr><tr><td>Dunedin</td><td>The Southern Lighthouse Limited</td><td>FSP100304</td></tr><tr><td>New Plymouth</td><td>Lighthouse Taranaki Limited T/A Tower Financial Advisory Services Taranaki</td><td>FSP100306</td></tr><tr><td>Auckland</td><td>Financial Fitness</td><td>FSP10081</td></tr><tr><td>Auckland</td><td>Echelon Advisers</td><td>FSP100904</td></tr><tr><td>Queenstown Lakes</td><td>Mortgage South</td><td>FSP101064</td></tr><tr><td>Auckland</td><td>RED</td><td>FSP101787</td></tr><tr><td>Auckland</td><td>Andrew Charles Insurance and Financial Services</td><td>FSP101789</td></tr><tr><td>Cambridge</td><td>Vault Financial Group</td><td>FSP101870</td></tr><tr><td>Manukau</td><td>Inrich Financial Services Limited</td><td>FSP101874</td></tr><tr><td>Tauranga</td><td>Vault Tauranga Ltd</td><td>FSP102205</td></tr><tr><td>North Shore City</td><td>Britannia Financial Services Ltd</td><td>FSP10221</td></tr><tr><td>Wellington</td><td>Adrian Schwarz Financial Services Ltd</td><td>FSP102236</td></tr><tr><td>Christchurch</td><td>Christchurch Insurance, Investments and Superannuation Limited</td><td>FSP102584</td></tr><tr><td>Auckland</td><td>Seneca Financial Services Limited</td><td>FSP102606</td></tr><tr><td>North Shore City</td><td>Health Wealth Preservation Limited</td><td>FSP10261</td></tr><tr><td>Invercargill</td><td>Jon Turnball & Associates T/A Share NZ</td><td>FSP102744</td></tr><tr><td>Christchurch</td><td>Quadrant Financial Services Ltd</td><td>FSP102947</td></tr><tr><td>Auckland</td><td>Reliance Biz Services Ltd</td><td>FSP103204</td></tr><tr><td>Nelson</td><td>Rainey Day Woman</td><td>FSP103294</td></tr><tr><td>Christchurch</td><td>JS Strang Limited</td><td>FSP103296</td></tr><tr><td>Auckland</td><td>Malcolm Carr Financial Services Limited</td><td>FSP103406</td></tr><tr><td>Christchurch</td><td>Roberston Woodham & Associates T/A J P & V Limited</td><td>FSP103484</td></tr><tr><td>Christchurch</td><td>Janton Investments Limited</td><td>FSP103509</td></tr><tr><td>Christchurch</td><td>JS Strang Limited</td><td>FSP103609</td></tr><tr><td>Auckland</td><td>Roost</td><td>FSP103616</td></tr><tr><td>Auckland</td><td>Roost North Harbour</td><td>FSP103616</td></tr><tr><td>Christchurch</td><td>Premier Financial Group Limited</td><td>FSP103644</td></tr><tr><td>Auckland</td><td>True North Invesments Limited</td><td>FSP104009</td></tr><tr><td>Winton</td><td>Incompass Limited</td><td>FSP104176</td></tr><tr><td>Whangarei</td><td>Neeley Financial Services</td><td>FSP104205</td></tr><tr><td>Auckland</td><td>Macy & Associates Ltd</td><td>FSP104327</td></tr><tr><td>Dunedin Central</td><td>Russell Garland</td><td>FSP104607</td></tr><tr><td>Christchurch</td><td>Synergy Group 2000 Limited</td><td>FSP104610</td></tr><tr><td>Auckland</td><td>Insurance Planners Limited</td><td>FSP104625</td></tr><tr><td>Auckland</td><td>Money Matters (NZ) Limited</td><td>FSP104724</td></tr><tr><td>Auckland</td><td>FPNZ (2010) Limited</td><td>FSP104945</td></tr><tr><td>Wellington</td><td>Wealth Solutions Limited</td><td>FSP105074</td></tr><tr><td>Dunedin</td><td>Lindsay Smith Insurance Services Ltd T/A Share</td><td>FSP105127</td></tr><tr><td>Porirua</td><td>Lower Hutt Financial Services Limited</td><td>FSP105186</td></tr><tr><td>Whangarei</td><td>Bradley Nuttall North</td><td>FSP105446</td></tr><tr><td>Wellington</td><td>GoodLife Insurance Brokers Limited</td><td>FSP105626</td></tr><tr><td>Hawkes Bay</td><td>Dynamic Duo Ltd</td><td>FSP105668</td></tr><tr><td>Nelson</td><td>Rainy Day Woman</td><td>FSP105904</td></tr><tr><td>Palmerston North</td><td>Leemar Financial Services Ltd</td><td>FSP106126</td></tr><tr><td>North Shore City</td><td>Buckley Holdings Limited</td><td>FSP106326</td></tr><tr><td>Christchurch</td><td>Lyn Bell & Associates</td><td>FSP106404</td></tr><tr><td>New Plymouth</td><td>Neil Ternouth Financial Services Ltd</td><td>FSP106624</td></tr><tr><td>Gisborne</td><td>Gisborne Financial Services</td><td>FSP106840</td></tr><tr><td>Wellington</td><td>Commix Group Limited</td><td>FSP107287</td></tr><tr><td>Oamaru</td><td>North Otago Brokers Limited</td><td>FSP107336</td></tr><tr><td>Auckland</td><td>Jim Dowsett & Associates Limited</td><td>FSP107338</td></tr><tr><td>Auckland</td><td>Maurice Trapp group</td><td>FSP107344</td></tr><tr><td>Mount Maunganui</td><td>Morgan Steel Financial Services Ltd</td><td>FSP107364</td></tr><tr><td>Auckland</td><td>Kirschberg Financial Services Limited</td><td>FSP107592</td></tr><tr><td>Wanganui</td><td>Fairway Nz Limited</td><td>FSP107593</td></tr><tr><td>Ashburton</td><td>Bob Edwards Insurance & Investment Ltd</td><td>FSP107672</td></tr><tr><td>Wanganui</td><td>Garry Williams</td><td>FSP108484</td></tr><tr><td>Christchurch</td><td>Bradley Nuttall Risk</td><td>FSP108628</td></tr><tr><td>Auckland</td><td>Marie Quinn Financial Services Ltd</td><td>FSP108729</td></tr><tr><td>North Shore</td><td>WillRich Limited</td><td>FSP108849</td></tr><tr><td>Tauranga</td><td>Graeme Shanks Limited</td><td>FSP108950</td></tr><tr><td>Wellington</td><td>Patrick Jackson</td><td>FSP109165</td></tr><tr><td>Havelock North</td><td>The Financial Migration Group</td><td>FSP109604</td></tr><tr><td>Auckland</td><td>MS Capital Management Limited</td><td>FSP10961</td></tr><tr><td>Paraparaumu</td><td>Finanz Limited</td><td>FSP109832</td></tr><tr><td>Masterton</td><td>Steve Sale Insurance Ltd</td><td>FSP109834</td></tr><tr><td>Kerikeri</td><td>Mukiwa Limited</td><td>FSP109952</td></tr><tr><td>Paraparaumu</td><td>Chilton Financial Services Ltd</td><td>FSP110232</td></tr><tr><td>Invercargill</td><td>Larnick Company Limited</td><td>FSP110254</td></tr><tr><td>Napier</td><td>Financial Advice Hawkes Bay</td><td>FSP110362</td></tr><tr><td>Otorohanga,</td><td>Osbornes Financial Services Ltd</td><td>FSP11061</td></tr><tr><td>Auckland</td><td>Emporio Capital</td><td>FSP110663</td></tr><tr><td>Auckland</td><td>Goodsense Investments Ltd T/A Emporio Capital</td><td>FSP110663</td></tr><tr><td>Palmerston North</td><td>Jarrett & Associates Ltd</td><td>FSP11081</td></tr><tr><td>Christchurch</td><td>Jenny De Boer Financial Services Ltd</td><td>FSP110865</td></tr><tr><td>North Shore City</td><td>AI Financial Services Limited</td><td>FSP111124</td></tr><tr><td>Christchurch</td><td>G5 Financial Services</td><td>FSP111186</td></tr><tr><td>Wellington</td><td>Wealth Management Limited</td><td>FSP111964</td></tr><tr><td>Palmerston North</td><td>Albeit Enterprises Ltd T/A Progressive Brokers</td><td>FSP112351</td></tr><tr><td>Auckland</td><td>Cliffe Consulting Limited</td><td>FSP112385</td></tr><tr><td>Wellington</td><td>Pure Capital Limited</td><td>FSP11261</td></tr><tr><td>Hastings</td><td>Bay Wealth Solutions Ltd</td><td>FSP112990</td></tr><tr><td>Palmerston North</td><td>Mccartney Woolford Limited</td><td>FSP113944</td></tr><tr><td>Waitara</td><td>Business 229 Financial Services</td><td>FSP11481</td></tr><tr><td>Tauranga</td><td>Transact Wealth Management Ltd</td><td>FSP115284</td></tr><tr><td>Nelson</td><td>Rise Financial Ltd</td><td>FSP115564</td></tr><tr><td>Christchurch</td><td>Sentry Financial Services Limited</td><td>FSP11601</td></tr><tr><td>Auckland</td><td>Lexon Financial Planning</td><td>FSP116444</td></tr><tr><td>Tauranga</td><td>The Investment Centre Limited</td><td>FSP116506</td></tr><tr><td>Queens Town</td><td>All Matters Money Limited</td><td>FSP11681</td></tr><tr><td>Wellington</td><td>First Financial Planning Limited</td><td>FSP117146</td></tr><tr><td>Manukau</td><td>Neville Glaser</td><td>FSP117664</td></tr><tr><td>North Shore City</td><td>Future Wealth</td><td>FSP117686</td></tr><tr><td>Dunedin</td><td>Lindsay J Browning</td><td>FSP117687</td></tr><tr><td>Palmerston North</td><td>Ikon Finance Ltd</td><td>FSP117944</td></tr><tr><td>Maunganui</td><td>Planwise</td><td>FSP117965</td></tr><tr><td>Waitakere</td><td>Breakthrough Financial Solutions Limited</td><td>FSP118368</td></tr><tr><td>Nelson</td><td>Lubransky Financial Planning</td><td>FSP119049</td></tr><tr><td>Auckland</td><td>Mortgage Masters Limited</td><td>FSP11921</td></tr><tr><td>Whangerai</td><td>Zest</td><td>FSP119349</td></tr><tr><td>Auckland</td><td>Goldman Henry Capital Management Limited</td><td>FSP11961</td></tr><tr><td>Whangarei</td><td>Whiteman Group Consultants Limited</td><td>FSP120844</td></tr><tr><td>Queenstown</td><td>Baker Hawes Consultants Ltd</td><td>FSP120985</td></tr><tr><td>Blenheim</td><td>Financial Advisory Services (Wgtn) Ltf</td><td>FSP121204</td></tr><tr><td>Upper Hutt</td><td>Thorner Investment Services</td><td>FSP121545</td></tr><tr><td>Auckland</td><td>Piefunds Investment Management</td><td>FSP12181</td></tr><tr><td>Whangarei</td><td>Capricorn Financial Services Ltd</td><td>FSP122365</td></tr><tr><td>Havelock North</td><td>Peak Portfolio Management Limited</td><td>FSP12241</td></tr><tr><td>Christchurch</td><td>Chris Pope And Associates Ltd</td><td>FSP122564</td></tr><tr><td>Dunedin</td><td>PT Rodger</td><td>FSP122724</td></tr><tr><td>Auckland</td><td>Steadfast Financial Services Ltd</td><td>FSP122824</td></tr><tr><td>Napier</td><td>Somerset Smith Partners, Napier Office</td><td>FSP12342</td></tr><tr><td>Wanganui</td><td>Martin Hogan Financial Services Limited</td><td>FSP126204</td></tr><tr><td>New Plymouth</td><td>The Money People Limited</td><td>FSP12761</td></tr><tr><td>Christchurch</td><td>Southern Financial Planning Limited</td><td>FSP12821</td></tr><tr><td>Hikurangi</td><td>Wyatt Investment Services Limited</td><td>FSP129784</td></tr><tr><td>Auckland</td><td>Insure New Zealand Limited</td><td>FSP13222</td></tr><tr><td>Whangarei</td><td>Northland Money Management</td><td>FSP13341</td></tr><tr><td>Helensville</td><td>Advice Financial</td><td>FSP13461</td></tr><tr><td>Invercargill</td><td>Lifetime Financial Security (NZ) Ltd</td><td>FSP13581</td></tr><tr><td>Auckland City</td><td>New Zealand Financial Planning Company Limited</td><td>FSP13881</td></tr><tr><td>Waiheke Island</td><td>NZ Trans Global Investments Ltd</td><td>FSP142064</td></tr><tr><td>Auckland</td><td>Balmer, Jeffs & Company</td><td>FSP14261</td></tr><tr><td>Greenhithe</td><td>Financial Success Group (2008) Limited</td><td>FSP144024</td></tr><tr><td>Whangarei</td><td>Waldron Financial Services Limited</td><td>FSP145204</td></tr><tr><td>Auckland</td><td>Pernik Capital Limited (previously Shuttleworth Holdings Ltd)</td><td>FSP145564</td></tr><tr><td>Auckland</td><td>Lepton Property Limited</td><td>FSP146404</td></tr><tr><td>Auckland</td><td>Strategic Capital Management Limited</td><td>FSP146605</td></tr><tr><td>Timaru</td><td>VIP Financial Services Limited</td><td>FSP14661</td></tr><tr><td>Tauranga</td><td>Elbon Investments Ltd</td><td>FSP147525</td></tr><tr><td>Christchurch</td><td>Duncan Cotterill Investment Advisors Limited</td><td>FSP147544</td></tr><tr><td>Red Beach</td><td>Gracey Investments Limited</td><td>FSP149784</td></tr><tr><td>Auckland</td><td>FPNZ Invest</td><td>FSP150024</td></tr><tr><td>Auckland</td><td>Discovery Financial Services</td><td>FSP150464</td></tr><tr><td>Invercargill</td><td>Wise Planning Limited</td><td>FSP15082</td></tr><tr><td>Auckland</td><td>Fox & Company Limited</td><td>FSP15083</td></tr><tr><td>Auckland</td><td>Wheeler Financial Services Ltd</td><td>FSP152264</td></tr><tr><td>Turangi</td><td>Moneyworks</td><td>FSP15281</td></tr><tr><td>Auckland</td><td>Brasscorp Limited</td><td>FSP15421</td></tr><tr><td>Whakatane</td><td>Private Asset Management</td><td>FSP15481</td></tr><tr><td>Auckland</td><td>Employee Benefits Consulting Ltd</td><td>FSP15581</td></tr><tr><td>Auckland</td><td>AI Financial Services</td><td>FSP156684</td></tr><tr><td>Auckland</td><td>Devon Funds Management Limited</td><td>FSP1581</td></tr><tr><td>Auckland</td><td>OM Financial Limited - Auckland</td><td>FSP15922</td></tr><tr><td>Christchurch</td><td>Oxford Investment Services Limited</td><td>FSP159586</td></tr><tr><td>Tauranga</td><td>G3 Financial Freedom Limited</td><td>FSP16205</td></tr><tr><td>Auckland</td><td>SurePlan Financial Limited</td><td>FSP162244</td></tr><tr><td>Hamilton</td><td>Hamilton Investment & Risk Management</td><td>FSP16581</td></tr><tr><td>Auckland</td><td>Aim Financial Services</td><td>FSP166964</td></tr><tr><td>Auckland</td><td>Goodlife Financial Advice</td><td>FSP167064</td></tr><tr><td>Whakatane,</td><td>Graeme Tee Financial Services Limited</td><td>FSP16721</td></tr><tr><td>Auckland</td><td>Savings and Investments</td><td>FSP1681</td></tr><tr><td>Christchurch</td><td>Lifetime Financial Security (NZ) Ltd</td><td>FSP16881</td></tr><tr><td>Hamilton</td><td>Hart Capital Partners</td><td>FSP16981</td></tr><tr><td>Auckland</td><td>Lifesure Limited</td><td>FSP173204</td></tr><tr><td>Auckland</td><td>KVB Kunlan New Zealand Limited</td><td>FSP1762</td></tr><tr><td>Auckland</td><td>KVB FX New Zealand Limited</td><td>FSP1782</td></tr><tr><td>Christchurch</td><td>Steve Richens Moneta Financial Group</td><td>FSP18161</td></tr><tr><td>VIC, Australia</td><td>IG Markets Limited</td><td>FSP18923</td></tr><tr><td>Auckland</td><td>New Zealand Assets Management</td><td>FSP19161</td></tr><tr><td>Auckland</td><td>Milestone Financial Services (Auckland) Limited</td><td>FSP19241</td></tr><tr><td>New Plymouth</td><td>Imperial Investment Services Limited</td><td>FSP19381</td></tr><tr><td>Auckland</td><td>It Happens Limited</td><td>FSP19384</td></tr><tr><td>Auckland</td><td>Cave Financial Consulting Ltd</td><td>FSP19443</td></tr><tr><td>Poirua City</td><td>Uk Pension Transfers Limited</td><td>FSP19444</td></tr><tr><td>Manukau</td><td>Generation Wealth management</td><td>FSP19601</td></tr><tr><td>Christchurch</td><td>Rede Advisers Limited</td><td>FSP19741</td></tr><tr><td>Auckland</td><td>Lifestyle Planning Limited</td><td>FSP19821</td></tr><tr><td>Auckland</td><td>Velocity Trade</td><td>FSP20003</td></tr><tr><td>Auckland</td><td>Milestone Financial Services</td><td>FSP20101</td></tr><tr><td>Wellington</td><td>Collins Group</td><td>FSP20141</td></tr><tr><td>North Shore City</td><td>Us Advice</td><td>FSP20163</td></tr><tr><td>North Shore City</td><td>Otautu Wealth Management Investment Services Ltd</td><td>FSP20461</td></tr><tr><td>Wellington</td><td>Milford Asset Management</td><td>FSP21043</td></tr><tr><td>Auckland</td><td>NZ Mortgages Pty Ltd</td><td>FSP214565</td></tr><tr><td>Auckland</td><td>Tyndall Investment Management</td><td>FSP22562</td></tr><tr><td>Auckland</td><td>Professional Consulting Group Ltd</td><td>FSP22702</td></tr><tr><td>Wellington</td><td>Edge Capital Markets Limited</td><td>FSP23102</td></tr><tr><td>Whangarei</td><td>Minhinnick & Associates Limited</td><td>FSP23202</td></tr><tr><td>Wellington</td><td>Advice First</td><td>FSP23242</td></tr><tr><td>Hamilton</td><td>JGFP Limited</td><td>FSP233025</td></tr><tr><td>Auckland</td><td>Intercontinental Financial Services Corporation Limited</td><td>FSP23321</td></tr><tr><td>Christchurch</td><td>Murray & Company Wealth Management</td><td>FSP23361</td></tr><tr><td>Auckland</td><td>Brook Asset Management</td><td>FSP23421</td></tr><tr><td>CHRISTCHURCH</td><td>Hamilton Hindin Greene Ltd</td><td>FSP23642</td></tr><tr><td>New Plymouth</td><td>Foresight Financial Planning LTD</td><td>FSP23962</td></tr><tr><td>Auckland</td><td>Mint Asset Management</td><td>FSP24461</td></tr><tr><td>Wellington</td><td>Public Trust</td><td>FSP24561</td></tr><tr><td>Remuera</td><td>Dennis Green & Associates Ltd</td><td>FSP24782</td></tr><tr><td>HASTINGS</td><td>Esam Cushing/FORBAR</td><td>FSP24845</td></tr><tr><td>Auckland</td><td>Forsyth Barr Limited</td><td>FSP24848</td></tr><tr><td>Wellington</td><td>Spicers Portfolio Management</td><td>FSP26061</td></tr><tr><td>Wanaka</td><td>Aspiring Wealth Management</td><td>FSP26152</td></tr><tr><td>Christchurch</td><td>Mander & Co Ltd</td><td>FSP26222</td></tr><tr><td>Pinehill</td><td>YSC Consulting Limited</td><td>FSP26344</td></tr><tr><td>Dunedin</td><td>Polson Higgs Wealth Management Limited</td><td>FSP26381</td></tr><tr><td>Christchurch</td><td>Strategic Financial Planning</td><td>FSP26383</td></tr><tr><td>Wellington Central</td><td>Gareth Morgan Investments</td><td>FSP26523</td></tr><tr><td>Kerikeri</td><td>Alan Clarke Financial Services Ltd</td><td>FSP26532</td></tr><tr><td>Wellington</td><td>Vantage NZ Ltd</td><td>FSP26761</td></tr><tr><td>Wellington</td><td>Maori Trustee</td><td>FSP26843</td></tr><tr><td>Wanganui</td><td>Stoneman Financial Services</td><td>FSP27043</td></tr><tr><td>Auckland</td><td>New Zealand Funds Management</td><td>FSP27062</td></tr><tr><td>Hastings</td><td>Stewart Financial Group Limited</td><td>FSP27403</td></tr><tr><td>Auckland</td><td>WILSON INVESTMENT SERVICES</td><td>FSP27441</td></tr><tr><td>Palmerston North</td><td>Nuview Wealth Solutions</td><td>FSP27601</td></tr><tr><td>Dunedin</td><td>Kepler Group</td><td>FSP27628</td></tr><tr><td>Dunedin</td><td>Kepler Group Otago</td><td>FSP27628</td></tr><tr><td>Havelock North</td><td>Cunningham Financial Services Limited</td><td>FSP27703</td></tr><tr><td>Havelock North</td><td>L J Cunningham And Associates Ltd</td><td>FSP27703</td></tr><tr><td>Auckland</td><td>Grant Thornton Wealth Management Limited</td><td>FSP28141</td></tr><tr><td>Wellington</td><td>Grosvenor Investment Management Limited</td><td>FSP28142</td></tr><tr><td>Auckland</td><td>Insurance People</td><td>FSP28285</td></tr><tr><td>Hastings</td><td>Wealth Building Strategies Limited</td><td>FSP28521</td></tr><tr><td>Auckland</td><td>Diversified Investment Strategies Limited</td><td>FSP28621</td></tr><tr><td>Auckland</td><td>Pacific Financial Derivatives Limited</td><td>FSP28944</td></tr><tr><td>Auckland</td><td>Newland Burling & Co. Limited</td><td>FSP29029</td></tr><tr><td>Auckland</td><td>ASB Securities Limited</td><td>FSP29162</td></tr><tr><td>Christchurch</td><td>Canterbury Financial Services Ltd</td><td>FSP29382</td></tr><tr><td>Levin</td><td>COLBERT COOPER FINANCIAL SERVICES</td><td>FSP29622</td></tr><tr><td>Tauranga</td><td>Craigs Investment Partners Limited</td><td>FSP29641</td></tr><tr><td>Wellington</td><td>Pearson Investment Advisory Limited</td><td>FSP29664</td></tr><tr><td>Auckland</td><td>Macquarie Equities New Zealand Limited</td><td>FSP29782</td></tr><tr><td>Auckland</td><td>Trafalgar Copley Limited</td><td>FSP29821</td></tr><tr><td>Wanganui</td><td>Milestone Financial Services (Central)</td><td>FSP29827</td></tr><tr><td>Dunedin</td><td>THISTLE FINANCIAL SERVICES</td><td>FSP29842</td></tr><tr><td>Invercargill</td><td>Feldwick Holdings Limited</td><td>FSP29882</td></tr><tr><td>Invercargill</td><td>Kepler Group Southland/central Otago</td><td>FSP30021</td></tr><tr><td>Christchurch Central</td><td>James Kara</td><td>FSP30041</td></tr><tr><td>Auckland</td><td>SAXE-COBURG</td><td>FSP30241</td></tr><tr><td>AUCKLAND</td><td>Macquarie Equities Custodians Ltd</td><td>FSP30294</td></tr><tr><td>Christchurch Central</td><td>Pensions Transfers Direct (NZ) Ltd</td><td>FSP30341</td></tr><tr><td>Tauranga</td><td>Peter Hawes Investment Services Limited</td><td>FSP30441</td></tr><tr><td>Masterton</td><td>RIVAL GROUP</td><td>FSP30481</td></tr><tr><td>Auckland</td><td>Covenant Trustee Services Limited</td><td>FSP30521</td></tr><tr><td>Christchurch</td><td>Financial Strategies</td><td>FSP30544</td></tr><tr><td>Dunedin</td><td>Fund Managers Otago Limited</td><td>FSP30687</td></tr><tr><td>North Shore City</td><td>Personal Management Services Limited</td><td>FSP30721</td></tr><tr><td>Christchurch</td><td>Murray & Company Limited</td><td>FSP30841</td></tr><tr><td>Invercargill</td><td>Gary Cooper & Associates Limited</td><td>FSP30982</td></tr><tr><td>Auckland</td><td>Canopus Investments Limited</td><td>FSP31002</td></tr><tr><td>North Shore City</td><td>Decisionmakers (Auckland)</td><td>FSP31082</td></tr><tr><td>North Shore City</td><td>Northern Financial Advisory Services Co Ltd</td><td>FSP31085</td></tr><tr><td>Waitakere</td><td>Saving Kiwis Financial Solutions Ltd</td><td>FSP31091</td></tr><tr><td>Dunedin</td><td>Colin Strang Financial Services Limited</td><td>FSP31092</td></tr><tr><td>Te Awamutu</td><td>BD Baynes</td><td>FSP31142</td></tr><tr><td>North Shore City</td><td>Decisionmakers (CBD)</td><td>FSP31224</td></tr><tr><td>Christchurch</td><td>Financial Solutions Cantebury Ltd</td><td>FSP31302</td></tr><tr><td>Christchurch</td><td>Aspiring Asset Mangement</td><td>FSP3141</td></tr><tr><td>Alexandra</td><td>Crawford Lifeco Limited</td><td>FSP31484</td></tr><tr><td>North Shore City</td><td>DecisionMakers (Rangitoto)</td><td>FSP31522</td></tr><tr><td>Auckland</td><td>McLay & Co</td><td>FSP31541</td></tr><tr><td>Hamilton</td><td>Fiona Judd Limited</td><td>FSP31602</td></tr><tr><td>Whakatane</td><td>Pascoe Barton Limited</td><td>FSP31762</td></tr><tr><td>Palmerston North</td><td>Decisionmakers (Manawatu)</td><td>FSP31764</td></tr><tr><td>Auckland</td><td>The Covenant Trustee Company</td><td>FSP31883</td></tr><tr><td>Wellington</td><td>First NZ Capital Securities Limited</td><td>FSP3202</td></tr><tr><td>Auckland</td><td>Currey Financial Services Limited</td><td>FSP32186</td></tr><tr><td>Christchurch</td><td>First Financial Solutions Limited</td><td>FSP32267</td></tr><tr><td>Wellington</td><td>Harbour Asset management</td><td>FSP3241</td></tr><tr><td>Auckland</td><td>Plan B Wealth Management Limited</td><td>FSP32422</td></tr><tr><td>North Shore City</td><td>Financial Lifestyle</td><td>FSP32582</td></tr><tr><td>Paraparaumu</td><td>Chris Lee & Partners Ltd</td><td>FSP32643</td></tr><tr><td>Auckland</td><td>BT Funds Management (NZ) Ltd</td><td>FSP32662</td></tr><tr><td>Gisborne</td><td>McCullochs Limited</td><td>FSP32702</td></tr><tr><td>WELLINGTON</td><td>Direct Broking Limited</td><td>FSP32943</td></tr><tr><td>Auckland</td><td>Diversified Wealth Management Limited</td><td>FSP32943</td></tr><tr><td>Christchurch</td><td>Capital Investment Planning</td><td>FSP3301</td></tr><tr><td>Christchurch</td><td>Craig Smith Business Services Ltd</td><td>FSP33042</td></tr><tr><td>AUCKLAND</td><td>JBWere (NZ) Pty Limited</td><td>FSP33141</td></tr><tr><td>Auckland</td><td>Tonkin Financial Services</td><td>FSP33203</td></tr><tr><td>Auckland</td><td>The Executive Consulting Group</td><td>FSP33228</td></tr><tr><td>Dunedin</td><td>Myles Wealth Management Limited</td><td>FSP33241</td></tr><tr><td>Auckland</td><td>Jethro Hooker Associates Limited</td><td>FSP33383</td></tr><tr><td>Christchurch</td><td>Accordia Asset Management Limited</td><td>FSP3341</td></tr><tr><td>Wellington</td><td>New Zealand Guardian Trust (NZGT)</td><td>FSP33501</td></tr><tr><td>New Plymouth</td><td>B&L Jury 2004 Ltd</td><td>FSP34042</td></tr><tr><td>Auckland</td><td>SuccessionPlan NZ Ltd</td><td>FSP34121</td></tr><tr><td>Auckland</td><td>Time Vision Financial Services Limited</td><td>FSP34281</td></tr><tr><td>Lower Hutt</td><td>Allfinanz (Crest Finanical Brokers Ltd)</td><td>FSP34361</td></tr><tr><td>Lower Hutt</td><td>Pension Transfers (2005) Limited</td><td>FSP34505</td></tr><tr><td>Blenheim</td><td>Advanced Financial Solutions</td><td>FSP34510</td></tr><tr><td>Auckland</td><td>LM Investment Management Limited</td><td>FSP34521</td></tr><tr><td>Christchurch</td><td>Whai Rawa</td><td>FSP34563</td></tr><tr><td>Auckland</td><td>Pathfinder Asset Management</td><td>FSP34682</td></tr><tr><td>Rotorua</td><td>Bright Wild & Thomas Financial Services</td><td>FSP34684</td></tr><tr><td>Paraparaumu</td><td>Kapiti Investment Services Limited</td><td>FSP34721</td></tr><tr><td>Oamaru</td><td>Waitaki Financial Services Limited</td><td>FSP34765</td></tr><tr><td>Dunedin</td><td>Bradley Nuttall Otago</td><td>FSP34783</td></tr><tr><td>Hamilton</td><td>Money Solutions Limited</td><td>FSP34942</td></tr><tr><td>Whakatane</td><td>Asset Finance</td><td>FSP3501</td></tr><tr><td>Lower Hutt</td><td>Decisionmakers (Wellington)</td><td>FSP35161</td></tr><tr><td>Christchurch</td><td>Stewart Insurance Christchruch Ltd</td><td>FSP35281</td></tr><tr><td>Christchurch</td><td>Milestone Financial Services (Canterbury) Limited</td><td>FSP35702</td></tr><tr><td>Wellington</td><td>Lyford Assett Management</td><td>FSP35961</td></tr><tr><td>Christchurch</td><td>Brian Trevathan Insurance Services Ltd T/A Lifestyle Financial</td><td>FSP36121</td></tr><tr><td>Thames</td><td>Direct Insurance & Financial Services Ltd</td><td>FSP36143</td></tr><tr><td>Christchurch</td><td>Mortgage Consulting Limited</td><td>FSP36165</td></tr><tr><td>Auckland</td><td>Brackenridge Total Financial Solutions</td><td>FSP36166</td></tr><tr><td>Auckland</td><td>Saturn Portfolio Management Limited</td><td>FSP36264</td></tr><tr><td>Palmerston North</td><td>CORE WEALTH SOLUTIONS</td><td>FSP36445</td></tr><tr><td>Auckland</td><td>Financial Focus (New Zealand) Ltd</td><td>FSP36446</td></tr><tr><td>Palmerston North</td><td>NLA Financial Advisers</td><td>FSP36461</td></tr><tr><td>Nelson</td><td>Goldridge Tasman Limited</td><td>FSP36702</td></tr><tr><td>Auckland</td><td>Select Insurance & Investments Ltd</td><td>FSP36841</td></tr><tr><td>Christchurch</td><td>Investor Link Corp T/A Investor Link Securities</td><td>FSP37011</td></tr><tr><td>Auckland</td><td>Gabrielle Wilson Limited</td><td>FSP37018</td></tr><tr><td>Tauranga</td><td>Bentson Financial Investment Services Ltd</td><td>FSP37030</td></tr><tr><td>Christchurch</td><td>Active Investment Management Limited</td><td>FSP37045</td></tr><tr><td>North Shore City</td><td>Menzies Financial Solutions Ltd</td><td>FSP37302</td></tr><tr><td>Auckland</td><td>Global Portfolios Limited</td><td>FSP37381</td></tr><tr><td>Wellington</td><td>Trustees Executors</td><td>FSP37383</td></tr><tr><td>Lower Hutt</td><td>Milestone Financial Services (Wellington) Limited</td><td>FSP37385</td></tr><tr><td>Hastings</td><td>Barnes Mossman</td><td>FSP37421</td></tr><tr><td>Auckland</td><td>Goldman Sachs & Partners NZ Limited</td><td>FSP37443</td></tr><tr><td>Dunedin</td><td>Southern Wealth Management Limited</td><td>FSP37505</td></tr><tr><td>AUCKLAND</td><td>Macquarie Equipment Finance Ltd</td><td>FSP37621</td></tr><tr><td>Rotorua</td><td>HALLAM JONES INSURANCE & SUPERANNUATION</td><td>FSP38182</td></tr><tr><td>Taihape</td><td>Greenstone Insurance Limited</td><td>FSP38342</td></tr><tr><td>Auckland</td><td>Fisher Funds Management Limited</td><td>FSP38581</td></tr><tr><td>Dunedin</td><td>Michael White Financial Services Ltd</td><td>FSP38801</td></tr><tr><td>Whangarei</td><td>Gunson Mclean</td><td>FSP38806</td></tr><tr><td>Te Puke</td><td>Bennett Gibson Financial Services</td><td>FSP38808</td></tr><tr><td>Lower Hutt</td><td>Financial Frontiers Limited</td><td>FSP38943</td></tr><tr><td>Palmerston North</td><td>Professional Investment Services (Manawatu) Limited</td><td>FSP39201</td></tr><tr><td>Auckland</td><td>Staples Rodway Assett Management</td><td>FSP39364</td></tr><tr><td>Dunedin</td><td>GPS Financial Services Ltd</td><td>FSP39481</td></tr><tr><td>Wellington</td><td>FSB4 Financial Limited</td><td>FSP39630</td></tr><tr><td>Auckland</td><td>NZ 1st Financial Services</td><td>FSP39902</td></tr><tr><td>Queenstown</td><td>Strongbox Wealth Management Limited</td><td>FSP39903</td></tr><tr><td>Palmerston North</td><td>QA Financial Planning Ltd</td><td>FSP39936</td></tr><tr><td>Tauranga</td><td>Stewart Financial Services Limited</td><td>FSP39939</td></tr><tr><td>Wellington</td><td>Goldridge</td><td>FSP39961</td></tr><tr><td>Hamilton</td><td>McKenzie Financial Planning</td><td>FSP39965</td></tr><tr><td>Saint Albans</td><td>CIRCLE CONSULTING</td><td>FSP39970</td></tr><tr><td>Auckland</td><td>GREAT BRITISH PENSIONS</td><td>FSP39972</td></tr><tr><td>Takapuna</td><td>Eriksens Global</td><td>FSP40147</td></tr><tr><td>Christchurch</td><td>Verdicchio Advisory Limited</td><td>FSP40321</td></tr><tr><td>Auckland</td><td>Perpetual</td><td>FSP40361</td></tr><tr><td>Mount Maunganui</td><td>U-Save Investments</td><td>FSP40461</td></tr><tr><td>Auckland</td><td>L'Argent Investments Limited</td><td>FSP40669</td></tr><tr><td>Hamilton</td><td>RJ Hartles 2010 Ltd</td><td>FSP40724</td></tr><tr><td>Auckland</td><td>K Copland & Associates Limited</td><td>FSP40781</td></tr><tr><td>Queenstown</td><td>Rose Capital Management Limited</td><td>FSP40942</td></tr><tr><td>Christchurch</td><td>Kepler Group (Canterbury)</td><td>FSP41001</td></tr><tr><td>Wanganui</td><td>Kevin Aanensen</td><td>FSP41037</td></tr><tr><td>Auckland</td><td>CMC Markets (NZ) Limited</td><td>FSP41187</td></tr><tr><td>Christchurch</td><td>Peak Solutions Limited</td><td>FSP41361</td></tr><tr><td>Wellington</td><td>McDouall Stuart Securities Limited</td><td>FSP41526</td></tr><tr><td>Auckland</td><td>UBS Securities New Zealand Limited</td><td>FSP42121</td></tr><tr><td>Auckland</td><td>Armstrong Financial Services Limited</td><td>FSP4221</td></tr><tr><td>Christchurch</td><td>Pinnacle Wealth Management Limited</td><td>FSP42282</td></tr><tr><td>Auckland</td><td>Rothbury Group</td><td>FSP42406</td></tr><tr><td>Auckland</td><td>Dentice Simpson Consulting</td><td>FSP42614</td></tr><tr><td>Hastings</td><td>Cole Murray Group Limited</td><td>FSP42652</td></tr><tr><td>Wellington</td><td>Mercer (NZ) Limited</td><td>FSP42742</td></tr><tr><td>Palmerston North</td><td>Parsons Financial Services</td><td>FSP42761</td></tr><tr><td>Timaru</td><td>Martin Wakefield</td><td>FSP42922</td></tr><tr><td>Hastings</td><td>CML Financial Planning Ltd</td><td>FSP43001</td></tr><tr><td>Christchurch</td><td>Wilo Financial Services Limited</td><td>FSP43325</td></tr><tr><td>Auckland</td><td>Bancorp Wealth Management</td><td>FSP43504</td></tr><tr><td>Christchurch</td><td>Pam Millar Insurance Limited</td><td>FSP43506</td></tr><tr><td>Porirua</td><td>Stuart McLaren Financial Services Limited</td><td>FSP43523</td></tr><tr><td>Wellington</td><td>IJC Financial Solutions Ltd</td><td>FSP43601</td></tr><tr><td>Wellington</td><td>Lynskey Nalder Limited</td><td>FSP43683</td></tr><tr><td>Hastings</td><td>Fund Managers Central Limited</td><td>FSP43686</td></tr><tr><td>Napier</td><td>Sumner Ryan Investment Advisers Limited</td><td>FSP43687</td></tr><tr><td>Wellington</td><td>Arbitrage Wealth Management Ltd</td><td>FSP43922</td></tr><tr><td>Palmerston North</td><td>Money Concepts Manawatu</td><td>FSP43942</td></tr><tr><td>Auckland</td><td>Stuart + Carlyon Limited</td><td>FSP44053</td></tr><tr><td>Auckland</td><td>Derek Keith Associates</td><td>FSP44241</td></tr><tr><td>Wellington</td><td>Stapleton Financial Solutions Ltd</td><td>FSP44500</td></tr><tr><td>Waitara</td><td>Trevor Sharman-Insurance & Investment Adviser</td><td>FSP44801</td></tr><tr><td>Auckland</td><td>Apex Advice Group Limited</td><td>FSP44869</td></tr><tr><td>Napier</td><td>Financial Sense Limited</td><td>FSP45101</td></tr><tr><td>Wellington</td><td>Gould Steele & Co New Zealand Limited</td><td>FSP45442</td></tr><tr><td>Auckland</td><td>International Financial Planners Limited and Richfields Financial Planners Limited</td><td>FSP45582</td></tr><tr><td>Christchurch</td><td>Reddiford Financial Limited</td><td>FSP45861</td></tr><tr><td>AUCKLAND</td><td>Macquarie Capital New Zealand Limited</td><td>FSP4621</td></tr><tr><td>Matamata</td><td>RJ McLean & Associates</td><td>FSP46223</td></tr><tr><td>Auckland</td><td>Russell Investment Management</td><td>FSP46344</td></tr><tr><td>Auckland</td><td>Wealth Works Limited</td><td>FSP46362</td></tr><tr><td>Wellington</td><td>Gareth Morgan Investments</td><td>FSP46781</td></tr><tr><td>Wellington</td><td>Camelot NZ Limited Partnership</td><td>FSP46981</td></tr><tr><td>Auckland</td><td>Auckland City Brokers Ltd</td><td>FSP47021</td></tr><tr><td>Wellington</td><td>Meridian Brokers Limited</td><td>FSP47042</td></tr><tr><td>North Shore City</td><td>Peter Mark Jackson</td><td>FSP47501</td></tr><tr><td>Timaru</td><td>One to One Risk Services Limited</td><td>FSP47582</td></tr><tr><td>Auckland</td><td>Gerald Brett Wright</td><td>FSP47881</td></tr><tr><td>Auckland</td><td>Accelerate Consulting Limited</td><td>FSP48022</td></tr><tr><td>Wellington</td><td>Brian Race Financial Advisers (2006) Limited</td><td>FSP48161</td></tr><tr><td>Tauranga</td><td>Investment Management Solutions Ltd</td><td>FSP48422</td></tr><tr><td>North Shore City</td><td>AidAsh Limited</td><td>FSP48924</td></tr><tr><td>Kerikeri</td><td>Byfield Limited</td><td>FSP49321</td></tr><tr><td>Kerikeri</td><td>Spicers Porfolio Management Ltd</td><td>FSP49321</td></tr><tr><td>Christchurch</td><td>Investment World Ltd</td><td>FSP49702</td></tr><tr><td>One Tree Point</td><td>Black13 Limited</td><td>FSP50442</td></tr><tr><td>North Shore City</td><td>Marks Finanical Planning Services Limited</td><td>FSP50641</td></tr><tr><td>Hamilton</td><td>Keystone Services (2006) Ltd</td><td>FSP50741</td></tr><tr><td>Auckland</td><td>Medical Financial Advisory Services Ltd</td><td>FSP50841</td></tr><tr><td>Hastings</td><td>Insurance and Investment Services</td><td>FSP5101</td></tr><tr><td>Paraparaumu</td><td>Jensen Five Limited</td><td>FSP51321</td></tr><tr><td>Auckland</td><td>Solander Investments Limited</td><td>FSP51484</td></tr><tr><td>Wellington</td><td>PFL Financial Services Ltd</td><td>FSP51621</td></tr><tr><td>Dunedin</td><td>Spicers</td><td>FSP51621</td></tr><tr><td>Invercargill</td><td>DKD Services Ltd</td><td>FSP51681</td></tr><tr><td>Alexandra</td><td>Wilmac Financial Services Limited</td><td>FSP52023</td></tr><tr><td>Blenheim</td><td>Marlborough Wealth Management Ltd</td><td>FSP52062</td></tr><tr><td>Alexandra</td><td>Wilmac Financial Services Limited</td><td>FSP52081</td></tr><tr><td>Christchurch</td><td>The Doak Family Company Limited</td><td>FSP52122</td></tr><tr><td>Wellington</td><td>Headco Holdings Limited</td><td>FSP52141</td></tr><tr><td>Auckland</td><td>Advice Financial AKA SSRS Investmant Management</td><td>FSP52181</td></tr><tr><td>Whangarei</td><td>EJM Limited</td><td>FSP52281</td></tr><tr><td>Christchurch</td><td>Oakridge Financial Services Ltd</td><td>FSP52601</td></tr><tr><td>Auckland</td><td>Ardath Holdings Limited</td><td>FSP52681</td></tr><tr><td>Palmerston North</td><td>P.D.M.S. Financial Services Limited</td><td>FSP52761</td></tr><tr><td>Auckland</td><td>Dundonald Advisory Services Limited</td><td>FSP52802</td></tr><tr><td>Hamilton</td><td>Hunter Charles Consultants Ltd</td><td>FSP52821</td></tr><tr><td>Dunedin</td><td>Russell Richard Quin</td><td>FSP52901</td></tr><tr><td>Invercargill</td><td>Wayne Belesky Ltd</td><td>FSP53283</td></tr><tr><td>North Shore City</td><td>Alba Financial Advisers Limited</td><td>FSP53402</td></tr><tr><td>Auckland</td><td>A&M Watson (2012)</td><td>FSP53501</td></tr><tr><td>North Shore City</td><td>Derek Grantham</td><td>FSP53821</td></tr><tr><td>Christchurch</td><td>Argent Financial Services Limited</td><td>FSP53902</td></tr><tr><td>Tauranga</td><td>Cc Consultancy Limited</td><td>FSP54041</td></tr><tr><td>Papakura</td><td>David Morgan Financial Planning Limited</td><td>FSP54123</td></tr><tr><td>Manukau</td><td>Jabez Consulting Ltd</td><td>FSP54261</td></tr><tr><td>Wellington</td><td>Step Financial Services Limited</td><td>FSP54521</td></tr><tr><td>Takapuna</td><td>Quartz wealth Management</td><td>FSP54701</td></tr><tr><td>Queenstown</td><td>Shaw Financial Limited</td><td>FSP54981</td></tr><tr><td>New Plymouth</td><td>Heartland Taranaki Limited</td><td>FSP55001</td></tr><tr><td>Palmerston North</td><td>Personal Investment Centre Limited</td><td>FSP55201</td></tr><tr><td>Napier</td><td>Napier Financial Services Ltd T/A AMP Solutions Napier</td><td>FSP55401</td></tr><tr><td>Ashhurst</td><td>J Ladd Financial Services Limited</td><td>FSP55421</td></tr><tr><td>Christchurch</td><td>Carter Wilson & Associates T/A South Island Financial Planning Co Limited</td><td>FSP55601</td></tr><tr><td>Wanganui</td><td>Chris Moffat Finacial Services Ltd</td><td>FSP56101</td></tr><tr><td>Awamutu</td><td>KB Financial Solutions Limited</td><td>FSP56381</td></tr><tr><td>Wanganui</td><td>Kelly & Associates</td><td>FSP56701</td></tr><tr><td>Kerikeri</td><td>Spicers Northland (2008) Limited</td><td>FSP56821</td></tr><tr><td>Keri Keri,</td><td>Celestial Enterprises Limited</td><td>FSP56841</td></tr><tr><td>Havelock North</td><td>Jim Hubble Financial Services Limited</td><td>FSP57401</td></tr><tr><td>Auckland</td><td>GHM Consulting (2002) Limited</td><td>FSP5741</td></tr><tr><td>Wellington</td><td>The Terrace Financial Group Limited</td><td>FSP57461</td></tr><tr><td>Wellington</td><td>Nicola Louise Hoy</td><td>FSP57541</td></tr><tr><td>Upper Hutt</td><td>Ways to Wealth Limited</td><td>FSP57601</td></tr><tr><td>Te Awamutu</td><td>Dean Morgan Financial Services Limited</td><td>FSP57663</td></tr><tr><td>New Plymouth</td><td>Bruce Flay & Associates Limited</td><td>FSP58201</td></tr><tr><td>Matamata</td><td>CALHAN</td><td>FSP58262</td></tr><tr><td>Waipukurau</td><td>Walker Mackie Financial Services</td><td>FSP58521</td></tr><tr><td>Cambridge,</td><td>Cornerstone Financial Advisers Limited</td><td>FSP58561</td></tr><tr><td>Alexandra</td><td>Future Financial Solutions Limited</td><td>FSP58701</td></tr><tr><td>Palmerston North</td><td>Gannon Insurance Brokers Limited</td><td>FSP58861</td></tr><tr><td>Invercargill</td><td>Financial Services South Limited T/A AMP South Financial Services</td><td>FSP59101</td></tr><tr><td>Christchurch</td><td>Derry Johnston T/A Canterbury Insurances Ltd</td><td>FSP59102</td></tr><tr><td>Dannevirke</td><td>Amp Viking Financial Services</td><td>FSP59601</td></tr><tr><td>Northland</td><td>AMP Dynamic Financial Services</td><td>FSP59801</td></tr><tr><td>Christchurch</td><td>Richards Financial Services</td><td>FSP59822</td></tr><tr><td>Auckland</td><td>Gerard & Greer Financial Services Limited</td><td>FSP59842</td></tr><tr><td>Motueka</td><td>Castle Trust Financial Planning Ltd</td><td>FSP59941</td></tr><tr><td>Auckland</td><td>Alda Financial Ltd</td><td>FSP60001</td></tr><tr><td>Auckland,</td><td>Taylor Mac Advice Limited T/A GHM Consulting (2002) Limited</td><td>FSP6001</td></tr><tr><td>Auckland</td><td>Financial Success Group</td><td>FSP60221</td></tr><tr><td>Christchurch</td><td>Carolyn Tapley Advisory Services Ltd</td><td>FSP60341</td></tr><tr><td>Levin</td><td>Nick Green Financial Services</td><td>FSP61521</td></tr><tr><td>Blenheim</td><td>Marlborough Financial Services Limited</td><td>FSP61761</td></tr><tr><td>Auckland</td><td>Rothbury Risk & Investment Services Limited</td><td>FSP61963</td></tr><tr><td>Hamilton</td><td>Lifescan Limited</td><td>FSP62002</td></tr><tr><td>Dunedin</td><td>Altus Financial Services</td><td>FSP62201</td></tr><tr><td>Ashburton</td><td>Chamberlain Services Limited T/A AMP Ashburton Financial Services</td><td>FSP62381</td></tr><tr><td>Wellington</td><td>Harbour Capital Financial Services</td><td>FSP62481</td></tr><tr><td>Auckland</td><td>Excel Financial Services Limited</td><td>FSP63681</td></tr><tr><td>Hamilton</td><td>No. 8 Lifebrokers Ltd</td><td>FSP64221</td></tr><tr><td>Whakatane</td><td>Shane McPhee Insurances Limited</td><td>FSP64262</td></tr><tr><td>Northcote</td><td>Costello Financial Services</td><td>FSP64521</td></tr><tr><td>Whangarei</td><td>Liberty Financial Solutions</td><td>FSP64861</td></tr><tr><td>Nelson</td><td>Warren Borlase Insurance & Financial Planning Limited</td><td>FSP65521</td></tr><tr><td>Tauranga</td><td>Transact Wealth Group Limited</td><td>FSP65701</td></tr><tr><td>Auckland</td><td>Nicola Jones Financial Services Limited</td><td>FSP65741</td></tr><tr><td>Greymouth</td><td>John Wood & Associates Limited</td><td>FSP65742</td></tr><tr><td>Oakura</td><td>David John CARROLL</td><td>FSP66503</td></tr><tr><td>Tuaranga</td><td>Financial Success Limited</td><td>FSP66541</td></tr><tr><td>Tauranga</td><td>Graeme Muir Financial Services</td><td>FSP66761</td></tr><tr><td>Christchurch</td><td>Acorn Insurance & Investment Ltd</td><td>FSP66846</td></tr><tr><td>Hamilton</td><td>Tactical Financial Advice Limited</td><td>FSP67543</td></tr><tr><td>Dunedin</td><td>Financial Choice Limited</td><td>FSP67624</td></tr><tr><td>Lower Hutt</td><td>PSP Consulting Ltd</td><td>FSP67983</td></tr><tr><td>Auckland</td><td>Cheltenham Financial Services Limited</td><td>FSP68101</td></tr><tr><td>Auckland</td><td>FINANCIAL HEALTH</td><td>FSP68563</td></tr><tr><td>Auckland</td><td>Genesis Financial Services Ltd</td><td>FSP69221</td></tr><tr><td>Tauranga</td><td>Nexxus Financial Group Limited</td><td>FSP69661</td></tr><tr><td>Auckland</td><td>Insurance & Lending Specialists Limited</td><td>FSP69842</td></tr><tr><td>Amberley</td><td>Constable Financial Resources</td><td>FSP69882</td></tr><tr><td>Tauranga</td><td>New Zealand Financial Planning Company Ltd</td><td>FSP69942</td></tr><tr><td>Manukau</td><td>Independent Investment Brokers 1993 Ltd</td><td>FSP69982</td></tr><tr><td>Wellington</td><td>Stratus Financial Services Limited</td><td>FSP70103</td></tr><tr><td>Waihi</td><td>Sharp Insurances Limited</td><td>FSP70105</td></tr><tr><td>North Shore City</td><td>North Shore Financial Services 2004</td><td>FSP70281</td></tr><tr><td>Timaru</td><td>Mainland Insurance Mortgages Investment Limited</td><td>FSP70601</td></tr><tr><td>Auckland</td><td>Parveen Sharma</td><td>FSP70701</td></tr><tr><td>Hamilton</td><td>Kerry Kirk Financial Services Limited</td><td>FSP70881</td></tr><tr><td>Timaru</td><td>Peter Hayes & Associates Ltd</td><td>FSP70901</td></tr><tr><td>Timaru</td><td>Bamford Financial Services</td><td>FSP71641</td></tr><tr><td>Dunedin</td><td>Exchange Corp 2002 Ltd</td><td>FSP72162</td></tr><tr><td>Auckland</td><td>Sherilyn Fretton</td><td>FSP73301</td></tr><tr><td>Blenheim</td><td>LD & EK Daines Insurance Solutions</td><td>FSP73761</td></tr><tr><td>Rotorua</td><td>Geyserland Financial Services Ltd</td><td>FSP75584</td></tr><tr><td>Keri Keri</td><td>Whitelaw Weber Financial Services Limited</td><td>FSP75661</td></tr><tr><td>Taupo</td><td>Taupo Moana Group</td><td>FSP7581</td></tr><tr><td>Auckland</td><td>Liquid Financial Solutions Limited T/A AMP Liquid</td><td>FSP75961</td></tr><tr><td>Hamilton</td><td>Goldsworthy Financial Solutions</td><td>FSP76181</td></tr><tr><td>Wellington</td><td>Tawa Financial Services Limited</td><td>FSP77261</td></tr><tr><td>Wellington</td><td>City Brokers Ellis Limited</td><td>FSP77361</td></tr><tr><td>Wellington</td><td>Red Risk Managers</td><td>FSP77541</td></tr><tr><td>Paraparamu</td><td>Sterling Pensions Transfers Limited</td><td>FSP78162</td></tr><tr><td>Christchurch</td><td>Paul Wilson & Associates Limited</td><td>FSP79142</td></tr><tr><td>Auckland</td><td>Hatton Financial Services Ltd</td><td>FSP79842</td></tr><tr><td>Wellington</td><td>Cranfield Insurance & Investments Ltd</td><td>FSP80522</td></tr><tr><td>New Plymouth</td><td>Lisa Kasperski</td><td>FSP80621</td></tr><tr><td>Auckland</td><td>Montage Financial Planning Ltd</td><td>FSP80763</td></tr><tr><td>Auckland</td><td>S W Morris & Associates Ltd</td><td>FSP81187</td></tr><tr><td>Auckland</td><td>Newton Ross Limited</td><td>FSP8141</td></tr><tr><td>Palmerston North</td><td>Manawatu Insurance & Investment Ltd</td><td>FSP82701</td></tr><tr><td>Auckland</td><td>Stewart Imrie Financial Services Limited</td><td>FSP8281</td></tr><tr><td>Palmerston North</td><td>Wealthdesign Limited</td><td>FSP82969</td></tr><tr><td>Napier</td><td>Bay Financial Centre</td><td>FSP83721</td></tr><tr><td>Auckland</td><td>Jim Davies Financial Services</td><td>FSP84682</td></tr><tr><td>Wellington</td><td>Maxim Wealth Limited</td><td>FSP84741</td></tr><tr><td>Wanganui</td><td>Coast to Coast Financial Services Limited</td><td>FSP8521</td></tr><tr><td>Wellington</td><td>Money Concepts New Zealand T/A Global Financial Planning Ltd</td><td>FSP85223</td></tr><tr><td>Christchurch</td><td>Milner Financial Limited</td><td>FSP85721</td></tr><tr><td>Auckland</td><td>Insurance Professionals 2010 Ltd</td><td>FSP86741</td></tr><tr><td>Christchurch</td><td>Future Life Solutions Limited</td><td>FSP8681</td></tr><tr><td>Tauranga</td><td>Rothbury Financial Services Limited</td><td>FSP87164</td></tr><tr><td>Napier</td><td>Shape Life And Financial Brokers Limited</td><td>FSP87301</td></tr><tr><td>Auckland</td><td>Graeme Jackson Financial Services Limited</td><td>FSP87921</td></tr><tr><td>Auckland</td><td>Oswin Griffiths Financial Services Ltd</td><td>FSP89241</td></tr><tr><td>Auckland</td><td>Morgan Taylor Limited</td><td>FSP89901</td></tr><tr><td>Tauranga</td><td>Deane & Associates Ltd T/A AMP BOP Financial Services</td><td>FSP90043</td></tr><tr><td>Upper Hutt</td><td>Finanical Advisory Services Ltd</td><td>FSP90121</td></tr><tr><td>Wellington</td><td>Central Brokers Insurance Limited</td><td>FSP90842</td></tr><tr><td>Northshore City</td><td>DWL Limited</td><td>FSP91041</td></tr><tr><td>Auckland</td><td>Vision Financial Management Limited</td><td>FSP9221</td></tr><tr><td>Te Kuiti</td><td>AMP King Country Financial Services</td><td>FSP92363</td></tr><tr><td>Waitakere</td><td>West Auckland Wealth Management</td><td>FSP93001</td></tr><tr><td>Auckland</td><td>JMIS Limited</td><td>FSP93061</td></tr><tr><td>Cambridge</td><td>Life-Time Financial Group Ltd</td><td>FSP93243</td></tr><tr><td>Wellington</td><td>JM Penlington & Associaties Ltd</td><td>FSP93361</td></tr><tr><td>Tauranga</td><td>EOS Financial Limited</td><td>FSP93362</td></tr><tr><td>Cambridge</td><td>Vault Taupo Limited</td><td>FSP93401</td></tr><tr><td>Greymouth</td><td>East West Financial Services Limited</td><td>FSP93521</td></tr><tr><td>Wellsford</td><td>Certus Limited T/A Certus Financial Group</td><td>FSP94301</td></tr><tr><td>Wellington</td><td>Wealth Navigators Limited</td><td>FSP94561</td></tr><tr><td>Hamilton</td><td>Shane Downey Consulting Ltd</td><td>FSP94601</td></tr><tr><td>Auckland</td><td>HiFX</td><td>FSP94961</td></tr><tr><td>Christchurch</td><td>Rademakers Financial Services Limited</td><td>FSP95221</td></tr><tr><td>Warkworth</td><td>Aim Financial Services</td><td>FSP95306</td></tr><tr><td>Auckland</td><td>Alun Rees-Williams</td><td>FSP95784</td></tr><tr><td>Te Kuiti</td><td>Warren Latham Financial Services</td><td>FSP95885</td></tr><tr><td>North Shore City</td><td>John Cameron Insurance and Financial Services</td><td>FSP95904</td></tr><tr><td>Auckland</td><td>Elevation Capital Management Limited</td><td>FSP9601</td></tr><tr><td>Whangarei</td><td>Rob Anderson & Associates</td><td>FSP96164</td></tr><tr><td>Masterton</td><td>Straas Holdings Limited</td><td>FSP96244</td></tr><tr><td>Waihi</td><td>Leon Sharp</td><td>FSP96264</td></tr><tr><td>Mangawhai</td><td>Vale Financial Services Limited</td><td>FSP97024</td></tr><tr><td>Christchurch</td><td>SHARE</td><td>FSP97084</td></tr><tr><td>Christchurch</td><td>Laredo Risk & Insurance Ltd</td><td>FSP97304</td></tr><tr><td>Tauranga</td><td>Graham Russell Financial Services Limited</td><td>FSP97324</td></tr><tr><td>New Plymouth</td><td>Horizon Insurance and Investment Brokers Limited</td><td>FSP97364</td></tr><tr><td>Lower Hutt</td><td>Chris MacKay Financial Planning Ltd</td><td>FSP9821</td></tr><tr><td>Auckland</td><td>Hassan & Associates</td><td>FSP9861</td></tr><tr><td>Nelson</td><td>Powerhouse Financial Services Limited T/A AMP Powerhouse Financial Services</td><td>FSP98784</td></tr><tr><td>Nelson</td><td>Blackard Limited</td><td>FSP98804</td></tr><tr><td>Auckland</td><td>S J Hassan & Associates Limited</td><td>FSP9881</td></tr><tr><td>Thames</td><td>Premier Central Waikato Financial Services Limited</td><td>FSP98924</td></tr><tr><td>Manukau</td><td>John Grogan Insurances 2006 Limited</td><td>FSP98925</td></tr><tr><td>Napier</td><td>AMP Bay Financial Services Hawkes Bay Ltd</td><td>FSP99424</td></tr><tr><td>North Shore City</td><td>David J Mortimer</td><td>FSP99624</td></tr><tr><td>Christchurch</td><td>Amicus Group Limited</td><td>FSP99644</td></tr><tr><td>Auckland</td><td>New Zealand Assets Management</td><td>FSP19161</td></tr><tr><td>Christchurch</td><td>Socrates Fund Management Limited</td><td>FSP7681</td></tr><tr><td>Auckland</td><td>Perpetual Asset Management Limited</td><td>FSP40363</td></tr><tr><td>Auckland</td><td>Richmond Investment Management GP Limited</td><td>FSP135564</td></tr><tr><td>Wellington</td><td>Implemented Investment Solutions Ltd</td><td>FSP127464</td></tr><tr><td>Wellington</td><td>FNZ Limited</td><td>FSP12981</td></tr><tr><td>Wellington</td><td>BNP Paribas Fund Services Australasia Ltd</td><td>FSP42061</td></tr><tr><td>Auckland</td><td>AMP Life Limited</td><td>FSP38141</td></tr><tr><td>Auckland</td><td>AMP Services (NZ) Limited</td><td>FSP38082</td></tr><tr><td>Auckland</td><td>AMP Superannuation(NZ) Limited</td><td>FSP38021</td></tr><tr><td>Auckland</td><td>AMP Wealth Management New Zealand Limited</td><td>FSP25061</td></tr><tr><td>Auckland</td><td>Goldman Sachs New Zealand Securities Limited</td><td>FSP37446</td></tr><tr><td>Auckland</td><td>Goldman Sachs New Zealand Limited</td><td>FSP37443</td></tr><tr><td>Auckland</td><td>Goldman Sachs New Zealand Private Equity Limited</td><td>FSP37453</td></tr><tr><td>Auckland</td><td>Goldman Sachs New Zealand Mezzanine Limited</td><td>FSP37454</td></tr><tr><td>Auckland</td><td>Portfolio Custodian Ltd</td><td>FSP37391</td></tr><tr><td>Auckland</td><td>Equity Nominees Ltd</td><td>FSP37448</td></tr><tr><td>Auckland</td><td>Norfolk Financial Management Limited</td><td>FSP35843</td></tr><tr><td>Auckland</td><td>LifeFirst (New Zealand) Limited</td><td>FSP257125</td></tr><tr><td>Wellington</td><td>Pencarrow Private Entity Limited</td><td>FSP12501</td></tr><tr><td>Masterton</td><td>Bramwell Brown Limited</td><td>FSP28047</td></tr><tr><td>Auckland</td><td>Macquarie Securities (NZ) Ltd</td><td>FSP14521</td></tr><tr><td>Auckland</td><td>Hayes Asset Management Limited</td><td>FSP276245</td></tr><tr><td>Auckland</td><td>AMP Capital Investors (New Zealand)</td><td>FSP461290</td></tr><tr><td>Auckland</td><td>EQUITY INVESTMENT ADVISERS LIMITED</td><td>FSP259485</td></tr><tr><td>Auckland</td><td>Deutsche Securities New Zealand Ltd</td><td>FSP32602</td></tr><tr><td>Auckland</td><td>Macquarie Private Wealth</td><td>FSP168304</td></tr><tr><td>Wellington</td><td>Woodward Partners����</td><td>FSP229425</td></tr><tr><td>Wellington</td><td>ANZ New Zealand Securities Limited</td><td>FSP202106</td></tr><tr><td>Wellington</td><td>Gareth Morgan Kiwisaver</td><td>FSP46761</td></tr><tr><td>Wellington</td><td>Funds Administration New Zealand Limited</td><td>FSP3961</td></tr><tr><td>Auckland</td><td>Generate Investment Management Limited</td><td>FSP271005</td></tr><tr><td>Auckland</td><td>Global Brokers NZ Ltd</td><td>FSP8541</td></tr><tr><td>Christchurch</td><td>Health Professional Services</td><td>FSP45461</td></tr><tr><td>Auckland</td><td>Investment Research Group (IRG)</td><td>FSP268405</td></tr><tr><td>Auckland</td><td>MCI Markets Limited</td><td>FSP44173</td></tr><tr><td>Auckland</td><td>McLean Financial Planning</td><td>FSP60781</td></tr><tr><td>Auckland</td><td>NZAM Funds Limited</td><td>FSP252545</td></tr><tr><td>Wellington</td><td>Redress Limited</td><td>FSP255745</td></tr></tbody></table></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(kcl-investments-limited-manukau-lambie-proportionate-ownership-scheme)-exemption-notice-2013/Securities Act (KCL Investments Limited - Manukau Lambie Proportionate Ownership Scheme)2013-05-08T09:51:00+13:00Financial Markets Authority<div id="teaser-text">Securities Act (KCL Investments Limited - Manukau Lambie Proportionate Ownership Scheme) Exemption Notice 2013</div><div id="body"><p><a href="/media/1651692/securities-act-kcl-investments-limited-manukau-lambie-proportionate-ownership-scheme-exemption-notice-2013.pdf">Securities Act (KCL Investments Limited - Manukau Lambie Proportionate Ownership Scheme) Exemption Notice 2013</a></p></div>http://www.fma.govt.nz/laws-we-enforce/enforcement/prosecutions-and-proceedings/finance-company-cases-before-the-court/Finance Company cases before the Court2013-05-07T11:17:19+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body"><p><a id="National Finance" name="National Finance"></a>Current at 7 May 2013</p>
<h2 id="h01">Contents</h2>
<ul>
<li><a href="#Five Star Consumer Finance And Five Star Finance Group">Five Star Consumer Finance and Five Star Finance</a></li>
<li><a href="#Nathans Finance">Nathans Finance</a></li>
<li><a href="#Bridgecorp and Bridgecorp Investments (BIL)">Bridgecorp and Bridgecorp Investments (BIL)</a></li>
<li><a href="#Lombard Finance & Investments">Lombard Finance & Investments</a></li>
<li><a href="#Capital + Merchant Finance">Capital + Merchant Finance</a></li>
<li><a href="#Dominion Finance Group and North South Finance">Dominion Finance Group and North South Finance</a></li>
<li><a href="#Belgrave Finance">Belgrave Finance</a></li>
<li><a href="#Hanover Finance, Hanover Capital & United Finance">Hanover Finance, United Finance and Hanover Capital</a></li>
<li><a href="#National Finance 2">National Finance</a></li>
<li><a href="#South Canterbury Finance">South Canterbury Finance</a></li>
</ul>
<h2 id="h02"><a id="Five Star Consumer Finance And Five Star Finance Group" name="Five Star Consumer Finance And Five Star Finance Group"></a>Five Star Consumer Finance And Five Star Finance Group</h2>
<p><strong> </strong></p>
<table border="0" class="case">
<tbody>
<tr><th>Defendants</th>
<td>Marcus Macdonald, Nicholas Kirk, Anthony Bowden, Neil Williams</td>
</tr>
<tr><th>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p>Charges</p>
</th>
<td>
<p>FMA alleged that the Defendants:</p>
<p>- <strong>Five Star Consumer Finance Limited (FSCF) charges:</strong> made untrue statements in the investment statements and registered prospectuses of that company dated 20 September 2006.</p>
<p>It is also alleged that the directors made further untrue statements when they signed a prospectus extension certificates on 21 December 2006.<br /> <br /> <span><span>- <strong><span>Five Star Finance and Five Star Debenture Nominee (FSF and FSDN) charges:</span></strong> offered <span class="glossary">securities</span> in contravention of the <span class="glossary">Securities</span> Act and did so without having registered a <span class="glossary">prospectus</span> or provided investors with an investment statement. Furthermore, they offered investments in FSF and FSDN in advertisements that were not authorised advertisements for purposes of the <span class="glossary">Securities</span> Act.<br /> <br /> </span></span> The SFO also laid charges against all four directors of FSCF.</p>
</td>
</tr>
<tr><th>Penalties</th>
<td>
<p>The FSCF charges were laid indictably under section 58 of the Securities Act and carry a maximum penalty of five years imprisonment or fines of up to $300,000.</p>
<p>The FSF and FSDN charges were laid summarily under section 59 of the Securities Act and carry a maximum penalty fine not exceeding $300,000. Under section 60E of the Securities Act there is an automatic five year management ban if a person is convicted of an offence under section 58.</p>
</td>
</tr>
<tr><th>Date filed</th>
<td>
<p>4 August 2008 in the District Court at Auckland (FSF and FSDN).</p>
<p>30 November 2009 in the District Court at Auckland (FSCF).</p>
</td>
</tr>
<tr><th>
<p>Current status</p>
</th>
<td>
<p>All defendants pleaded guilty. Mr Kirk and Mr Macdonald were sentenced to over two years imprisonment on these charges on 22 December 2010. Mr Bowden was sentenced to home detention. The convicted directors are all subject to automatic five year management bans under s60E of the Securities Act. Mr Kirk is banned until 12 August 2015. Mr MacDonald is banned until 5 October 2015. Mr Bowden is banned until 17 September 2017.</p>
<p>Mr Williams applied to vacate his plea of guilty. On 23 March 2012 the Court declined Mr Williams' application. He then applied for a judicial review of that decision and other matters. That was heard on 4 February 2013 and declined. His disputed facts sentencing hearing was heard from 25 February 2013 and the Crown's view of the facts was largely upheld. Mr Williams was sentenced to three years seven months imprisonment on 19 April 2013. He is also subject to a management ban until 5 October 2015, being five years from the date of his 2010 conviction.</p>
</td>
</tr>
</tbody>
</table>
<h2 id="h03"><br /> <a id="Nathans Finance" name="Nathans Finance"></a>Nathans Finance</h2>
<table border="0" class="case">
<tbody>
<tr><th>Defendants</th>
<td>
<p>John Hotchin, Donald Young, Kenneth Moses and Mervyn Doolan</p>
</td>
</tr>
<tr><th>Charges</th>
<td>
<p>FMA alleged that the directors made untrue statements in the registered prospectus and investment statement of Nathans Finance NZ Limited (in receivership) dated 13 December 2006.</p>
<p>FMA also alleged that the directors made further untrue statements when they signed a prospectus extension certificate on 30 March 2007.</p>
<p>In addition FMA alleged that letters sent to members of the public advertising Nathans Finance debenture stock contained untrue statements about some of the matters referred to above. These claims do not apply to Mr Hotchin who had resigned his directorship by the time the advertisements were sent out.</p>
<p>The defendants denied the charges.</p>
</td>
</tr>
<tr><th>Penalties</th>
<td>
<p><em>Criminal charges</em> - These charges were laid indictably under section 58 of the Securities Act and carry a maximum penalty of five years imprisonment or fines of up to $300,000 plus $10,000 for every day the offence is continued. Under section 60E of the Securities Act there is an automatic five year management ban if a person is convicted of an offence under section 58.</p>
<p><em>Civil proceedings</em> - The proceedings were issued under section 55C and related sections of the Securities Act. FMA applied for declarations of civil liability and civil pecuniary penalties of up to $500,000 against each of the five directors.</p>
</td>
</tr>
<tr><th>Date filed</th>
<td>
<p><em>Criminal charges</em> - filed on 12 December 2008 in the District Court at Auckland.</p>
<p><em>Civil proceedings</em> - filed on 12 December 2008 in the High Court at Auckland.</p>
</td>
</tr>
<tr><th>Current status</th>
<td>
<p><em>Criminal charges -</em> High Court trial began on 21 March 2011 and concluded on 17 June 2011.</p>
<p>Mr Hotchin entered a guilty plea and was sentenced on 4 March 2011 to eleven months' home detention and 200 hours community service, and was ordered to pay reparation of $200,000.<br /> <br /> <span>The verdict was delivered on 8 July 2011. Messrs Moses, Doolan, and Young were each found guilty on five out of the six counts in the indictment. Sentencing was held on 2 September 2011. Mr Doolan was sentenced to two years four months imprisonment and ordered to pay reparation of $150,000, Mr Moses for two years two months imprisonment and ordered to pay reparation of $425,000 and Mr Young nine months home detention, 300 hours community service and ordered to pay reparation of $310,000. Appeals by Messrs Moses and Doolan against imprisonment on 27 September 2011 were dismissed.<br /> <br /> The convicted directors are all subject to automatic five year management bans under s60E of the Securities Act. Mr Hotchin is banned until 25 February 2016. Mr Moses, Mr Young and Mr Doolan are each banned until 8 July 2018.<br /> <br /> </span> <em>Civil proceedings</em> - discontinued on 5 March 2013.</p>
</td>
</tr>
</tbody>
</table>
<h2 id="h04"><a id="Bridgecorp and Bridgecorp Investments (BIL)" name="Bridgecorp and Bridgecorp Investments (BIL)"></a>Bridgecorp and Bridgecorp Investments (BIL)</h2>
<table border="0" class="case">
<tbody>
<tr><th>Defendants</th>
<td>
<p>Rodney Petricevic, Robert Roest, Bruce Davidson, Gary Urwin and Peter Steigrad</p>
</td>
</tr>
<tr><th>Charges</th>
<td>
<p>FMA alleged the directors made untrue statements in the investment statements and registered prospectuses of Bridgecorp and BIL dated 21 December 2006.</p>
<p>FMA also alleged that the directors made further untrue statements when they signed prospectus extension certificates for Bridgecorp and BIL on 30 March 2007.<br /> <br /> <span>The Crown also laid charges under the Crimes Act 1961 and Companies Act 1993 against Mr Petricevic and Mr Roest.<br /> <br /> </span> The defendants denied the charges.</p>
<p>The SFO has also laid charges relating to these companies.</p>
</td>
</tr>
<tr><th>Penalties</th>
<td>
<p><em>Criminal charges</em> - these charges were laid indictably under section 58 of the Act and carry a maximum penalty of five years imprisonment or fines of up to $300,000. Under section 60E of the Securities Act there is an automatic five year management ban if a person is convicted of an offence under section 58.<br /> <br /> <span>The Crimes Act charges against Mr Petricevic and Mr Roest were laid indictably under section 242 of that Act and carry a maximum penalty of ten years imprisonment.<br /> <br /> </span> <span>The Companies Act charges against Mr Petricevic and Mr Roest were laid indictably under section 377 of that Act and carry a maximum penalty <span>of five years imprisonment or fines of up to $200,000</span>. Under section 382 of the Companies Act there is an automatic five year management ban if a person is convicted of an offence under section 377.<br /> <br /> </span> <em>Civil proceedings</em> - The proceedings are issued under section 55C and related sections of the Securities Act. FMA has applied for declarations of civil liability and civil pecuniary penalties of up to $500,000 against each of the five directors.</p>
</td>
</tr>
<tr><th>Date filed</th>
<td>
<p><em>Criminal charges</em> -12 December 2008 (non-executive directors), 11 May 2009 (executive directors) in the District Court at Auckland.</p>
<p><em>Civil proceedings</em> -12 December 2008 at the High Court in Auckland.</p>
</td>
</tr>
<tr><th>Current status</th>
<td>
<p><em>Criminal charges</em> - High Court trial commenced 25 October 2011.<br /> <br /> Mr Davidson entered a guilty plea and was sentenced on 7 October 2011 to nine months' home detention, 200 hours community work and ordered to pay reparation of $500,000.<br /> <br /> <span>Mr Urwin pleaded guilty on 9 November, 2011. On 17 April 2012 he was sentenced to two years imprisonment.<br /> <br /> On 5 April 2012 Mr Petricevic and Mr Roest were found guilty on charges of breaching the Crimes Act 1961, the Companies Act 1993, and the Securities Act 1978. Mr Steigrad was found guilty on charges of breaching the Securities Act 1978. Mr Steigrad was found guilty on charges of breaching the Securities Act 1978 for the period after 7 February 2007.<br /> <br /> </span> Mr Petricevic was sentenced on 26 April 2012 to six and a half years imprisonment on all charges. Mr Roest and Mr Steigrad were sentenced on 18 May 2012. Mr Roest was sentenced to six years six months imprisonment. He has appealed his sentence and conviction. A date is yet to be set for his appeal. Mr Steigrad was sentenced to nine months home detention, 200 hours community service and $350,000 reparation. He appealed his sentence and this was dismissed on 24 August 2012.<br /> <br /> The convicted directors are all subject to automatic five year management bans under s60E of the Securities Act. Mr Davidson is banned until 2 September 2016. Mr Urwin is banned until 9 November 2016. Mr Petricevic, Mr Steigrad and Mr Roest are banned until 5 April 2017.<br /> <br /> <em>Civil proceedings</em> - stayed pending resolution of the criminal case.</p>
</td>
</tr>
</tbody>
</table>
<h2 id="h07"><a id="Lombard Finance & Investments" name="Lombard Finance & Investments"></a>Lombard Finance & Investments</h2>
<table border="0" class="case">
<tbody>
<tr><th>Defendants</th>
<td>Sir Douglas Graham, Michael Reeves, William Jeffries and Lawrence Bryant.</td>
</tr>
<tr><th>Charges</th>
<td>
<p>FMA alleged that Lombard Finance & Investments' offer documents and advertisements misled investors.</p>
<p>FMA alleged that the directors made false statements in the registered prospectus dated 7 September 2007, as amended by a memorandum of amendments dated 24 December 2007, and investment statements dated 28 December 2007.</p>
<p>In addition, FMA alleged that a DVD advertisement distributed during 2007 and 2008 contained similar untrue statements.</p>
<p>The defendants denied the charges.</p>
</td>
</tr>
<tr><th>Penalties</th>
<td>
<p><em>Criminal charges</em> - these charges were laid indictably under section 58 of the Securities Act and carry a maximum penalty of five years imprisonment or fines of up to $300,000 plus $10,000 for every day the offence is continued. Under section 60E of the Securities Act there is an automatic five year management ban if a person is convicted of an offence under section 58.</p>
<p><em>Civil proceedings</em> - the proceedings were issued under section 55C and related sections of the Securities Act. FMA has applied for declarations of civil liability and civil pecuniary penalties of up to $500,000 against each of the four directors.</p>
</td>
</tr>
<tr><th>Date filed</th>
<td>
<p><em>Criminal charges</em> -14 April 2010 in the District Court at Wellington.</p>
<p><em>Civil proceedings</em> -1 April 2010 in the High Court at Wellington.</p>
</td>
</tr>
<tr><th>Current status</th>
<td>
<p><em>Criminal charges</em> - High Court trial commenced 17 October 2011. On 23 February 2012 the accused were each found guilty on four out of five counts in the indictment.</p>
<p>Sentencing was on 29 March 2012. Sir Douglas Graham and Mr Bryant were each sentenced to 300 hours community service and ordered to pay reparation of $100,000. Mr Jeffries and Mr Reeves were each sentenced to 400 hours community service. The convicted directors are each subject to automatic five year management bans under section 60E of the Securities Act until 29 March 2017.<br /> <br /> The defendants have all appealed their convictions. The Solicitor General has appealed their sentences. The appeals hearing were heard in the week of 4 March 2013. Judgment is awaited.</p>
<p><em>Civil proceedings</em> - stayed pending resolution of the criminal case.</p>
</td>
</tr>
</tbody>
</table>
<h2 id="h08"><a id="Capital + Merchant Finance" name="Capital + Merchant Finance"></a>Capital + Merchant Finance</h2>
<table border="0" class="case">
<tbody>
<tr><th>Defendants</th>
<td>
<p>Civil and criminal proceedings - Neal Nicholls, Owen Tallentire, Colin Ryan and Robert Sutherland</p>
<p><br /> Criminal charges only - Wayne Douglas, Executive Director (resigned as a director in February 2007)</p>
</td>
</tr>
<tr><th>
<p>Charges</p>
<p> </p>
<p> </p>
<p> </p>
</th>
<td>
<p>FMA alleged that Capital + Merchant Finance's offer documents and advertisements misled investors.<br /> <br /> FMA alleged that the directors made untrue statements in the registered prospectus and investment statement dated 15 August 2006 and that the current four directors made similar untrue statements in the registered prospectus and investment statement dated 10 September 2007.<br /> <br /> FMA alleged that five advertisements distributed during 2007 contained untrue statements. These claims do not apply to Mr Douglas who had resigned his directorship by then.<br /> <br /> FMA further alleges that Mr Nicholls and Mr Ryan knowingly misled FMA.<br /> <br /> The defendants denied the charges.</p>
<p> </p>
</td>
</tr>
<tr><th>Penalties</th>
<td>
<p>Criminal charges - most of the criminal charges are laid indictably under section 58 of the Securities Act and carry a maximum penalty of five years imprisonment or fines of up to $300,000. Criminal charges are also laid against Mr Nicholls and Mr Ryan under section 59A of the Securities Act and carry a maximum fine of $300,000 plus $10,000 for every day the offence is continued. Under section 60E of the Securities Act there is an automatic five year management ban if a person is convicted of an offence under section 58 or section 59A.<br /> <br /> Civil proceedings - the proceedings are issued under section 55C and related sections of the Securities Act. FMA has applied for declarations of civil liability and civil pecuniary penalties of up to $500,000 against each of the current four directors.</p>
</td>
</tr>
<tr><th>Date filed</th>
<td>
<p><em>Criminal charges - 17 December 2009 in the District Court at Auckland.<br /> <br /> Civil proceedings - 30 November 2009 in the High Court at Auckland.</em></p>
<p> </p>
</td>
</tr>
<tr><th>Current status</th>
<td>
<p>Criminal charges - In early 2013 all five directors separately pled guilty to the charges under section 58 of the Securities Act. <strong>Messrs Ryan, Sutherland and Tallentire were</strong> sentenced on 15 March 2013. Mr Tallentire was sentenced to 12 months' imprisonment. Mr Ryan was sentenced to seven months' home detention, 300 hours community work and ordered to pay $100,000 reparation. Mr Sutherland was sentenced to six months' home detention, 300 hours community work and ordered to pay $60,000 reparation. Mr Douglas and Mr Nicholls will be sentenced on a date to be determined. The charges against Mr Nicholls and Mr Ryan under section 59A remain <strong>on foot</strong>.<br /> Civil proceedings - stayed pending resolution of the criminal case.</p>
</td>
</tr>
</tbody>
</table>
<h2><br /> <a id="Dominion Finance Group and North South Finance" name="Dominion Finance Group and North South Finance"></a>Dominion Finance Group and North South Finance</h2>
<table border="0" class="case">
<tbody>
<tr><th>Defendants</th>
<td>
<p>Vance Arkinstall, Richard Bettle, Terence Butler, Ann Butler, Paul Forsyth and Robert Barry Whale</p>
</td>
</tr>
<tr><th>Charges</th>
<td>
<p>FMA alleges that Dominion Finance Group's offer documents and advertisements misled investors.</p>
<p>FMA alleges that the directors made false statements in the Dominion Finance Group registered prospectus dated 13 September 2007, as amended by an extension certificate 20 December 2007 and the North South Finance registered prospectus dated 11 September 2007, as amended by an extension certificate 20 December 2007.</p>
<p>In addition, FMA alleges that a quarterly newsletter of Dominion Finance Group and a letter to the investors of both Dominion Finance Group and North South Finance distributed during 2008 contained similar untrue statements.</p>
<p>The defendants deny the charges.</p>
</td>
</tr>
<tr><th>Penalties</th>
<td>
<p><em>Criminal charges</em> - these charges are laid indictably under section 58 of the Securities Act and carry a maximum penalty of five years imprisonment or fines of up to $300,000 plus $10,000 for every day the offence is continued. Under section 60E of the Securities Act there is an automatic five year management ban if a person is convicted of an offence under section58.</p>
<p><em>Civil proceedings</em> - The proceedings are issued under section 55C and related sections of the Securities Act. FMA has applied for declarations of civil liability and civil pecuniary penalties of up to $500,000 against each of the directors.</p>
</td>
</tr>
<tr><th>Date filed</th>
<td>
<p><em>Criminal charges</em> - filed on 22 June 2010 in the District Court at Auckland.</p>
<p><em>Civil proceedings</em> - filed on 4 June 2010 in the High Court at Auckland.</p>
</td>
</tr>
<tr><th>
<p>Current status</p>
</th>
<td>
<p><em>Criminal charges</em> - High Court trial commences 17 June 2013<br /> <em>Civil proceedings</em> - stayed pending resolution of the criminal case.</p>
</td>
</tr>
</tbody>
</table>
<h2 id="h09"><a id="Belgrave Finance" name="Belgrave Finance"></a>Belgrave Finance</h2>
<table border="0" class="case">
<tbody>
<tr><th>Defendants</th>
<td>
<p>Stephen Charles Smith, Shane Joseph Buckley, Raymond Tasman Schofield and Hugh Edward Staples Hamilton</p>
</td>
</tr>
<tr><th>Charges</th>
<td>
<p>FMA alleges the directors breached section 58 of the Securities Act by making untrue statements in documents offering securities to the public. FMA alleges that in substance Mr Schofield acted as a director of Belgrave. Mr Hamilton, a former barrister and solicitor, was a legal advisor to the other individuals charged in relation to Belgrave. It is alleged that Mr Hamilton was a party to the conduct of the Belgrave directors.</p>
<p>FMA further alleges the defendants breached section 377 of the Companies Act 1993 by making a false or misleading statement to the trustee appointed to safeguard the interests of investors in Belgrave secured debenture stock.</p>
<p>The SFO has also laid charges against the men under the Crimes Act 1961. The SFO and FMA charges will be tried together. The defendants deny the charges.</p>
</td>
</tr>
<tr><th>Penalties</th>
<td>
<p><em>Criminal charges</em> - these charges are laid indictably under section 58 of the Securities Act and carry a maximum penalty of five years imprisonment or fines of up to $300,000 plus $10,000 for every day the offence is continued. Under section 60E of the Securities Act there is an automatic five year management ban if a person is convicted of an offence under section 58.</p>
<p>The maximum penalty for a breach of section 377 of the Companies Act is five years imprisonment or a $200,000 fine</p>
</td>
</tr>
<tr><th>Date filed</th>
<td>
<p><em>Criminal charges</em> - filed against Mr Smith, Mr Buckley, and Mr Schofield on 14 September 2011 in the District Court at Auckland. Charges were filed against Mr Hamilton on 23 November 2012 in the District Court.</p>
</td>
</tr>
<tr><th>Current status</th>
<td>
<p><em>Criminal charges</em> - High Court trial commences 29 April 2013. Mr Buckley pled guilty to 25 charges on 25 May 2012. On 30 August 2012 he was sentenced to 3 years' imprisonment. He is subject to an automatic five year management ban under s60E of the Securities Act until 25 May 2017.<br /> <br /> On 17 December 2012 the High Court at Auckland granted Mr Schofield a conditional stay of the criminal proceeding on the grounds that he has a terminal illness. The conditional stay was granted in relation to the charges brought against him by the SFO and FMA regarding his alleged role in the affairs of Belgrave Finance Limited. On 17 April 2013 Mr Stephen Smith pled guilty to 25 charges under the Crimes Act, Securities Act and Companies Act. He will be sentenced on 7 June 2013. The proceeding against Mr Hamilton continues and is due to be called again on 22 May 2013. The trial is scheduled for 10 February 2014.</p>
</td>
</tr>
</tbody>
</table>
<h2><br /> <a id="Hanover Finance, Hanover Capital & United Finance" name="Hanover Finance, Hanover Capital & United Finance"></a>Hanover Finance, Hanover Capital & United Finance</h2>
<table border="0" class="case">
<tbody>
<tr><th>Defendants</th>
<td>
<p>Mark Hotchin, Gregory Muir, Sir Tipene O'Regan, Bruce Gordon, Eric Watson and Dennis Broit</p>
</td>
</tr>
<tr><th>Charges</th>
<td>
<p>FMA alleges that the directors and promoters made untrue statements in the registered prospectuses and investment statements of Hanover Finance, Hanover Capital and United Finance dated 7 December 2007.<br /> <br /> FMA also alleges that the directors made further untrue statements when they signed prospectus extension certificates on 31 March 2008.<br /> <br /> In addition FMA alleges that certain advertisements contained untrue statements about some of the matters referred to above.</p>
</td>
</tr>
<tr><th>Penalties</th>
<td>
<p>Civil proceedings - The proceedings were issued under sections 55B, 55C, 55G and related sections of the Securities Act 1978. FMA has applied for compensation, declarations of civil liability, civil pecuniary penalties of up to $500,000 against each of the five directors and promoters. Under section 60E of the Securities Act there is an automatic five year management ban if a pecuniary penalty order is made against a person under the Act.</p>
</td>
</tr>
<tr><th>Date filed</th>
<td>
<p>Civil proceedings - filed on 30 March 2012 in the High Court, Auckland Registry.</p>
</td>
</tr>
<tr><th>Current status</th>
<td>
<p>Defences and Statements in Reply filed. At a case management conference on 14 November 2012 interim timetabling orders were made, but a trial date is yet to be allocated.</p>
</td>
</tr>
</tbody>
</table>
<h2><br /> <a id="National Finance 2" name="National Finance 2"></a><a id="National Finance" name="National Finance"></a>National Finance</h2>
<table border="0" class="case">
<tbody>
<tr><th>Defendants</th>
<td>
<p>Trevor Allan Ludlow, Carol Braithwaite, Anthony Banbrook,</p>
</td>
</tr>
<tr><th>Charges</th>
<td>
<p>FMA alleged that the directors made untrue statements in the registered prospectus for National Finance 2000 Limited, dated 22 September 2005. These statements included those relating to National's provisioning for bad debts, the loans made by National to related parties, including the purpose for which those loans were made, the security provided for them and their amount relative to National's total tangible assets, the security provided by borrowers for the loans made by National.<br /> <br /> The directors denied the charges.<br /> <br /> The SFO also laid charges against Mr Ludlow and National Finance's accountant John Gray. Mr Gray pleaded guilty and was sentenced to 18 months' imprisonment on 26 November 2010. Mr Ludlow was found guilty of all charges on 26 July 2011. He was sentenced on 20 October 2011 to five years and seven months imprisonment.</p>
</td>
</tr>
<tr><th>Penalties</th>
<td>
<p>Criminal charges - these charges are laid indictably under section 58 of the Securities Act and carry a maximum penalty of five years imprisonment or fines of up to $300,000. Under section 60E of the Securities Act there is an automatic five year management ban if a person is convicted of an offence under section 58.</p>
</td>
</tr>
<tr><th>Date filed</th>
<td>
<p><span>8 September 2008</span> <span>in the District Court at Auckland.<br /> <br /> Mr Ludlow pleaded guilty to the FMA charges and was sentenced on 26 January 2012 to serve an additional nine months imprisonment cumulative on the existing SFO sentence. Accordingly he has received a total sentence of six years four months imprisonment. Mr Ludlow has since appealed his SFO and FMA sentence. The appeal of his FMA sentence was heard on 2 May 2013. The appeal judgment is awaited. Mrs Braithwaite's jury trial commenced on 9 July 2012. She was found guilty on 27 July 2012. On 18 September 2012 she was sentenced to 10 months' home detention and 300 hours of community work.</span></p>
</td>
</tr>
<tr><th>Current status</th>
<td>
<p><span>Mr Banbrook pled guilty on 22 June 2012. He sought a disputed facts sentencing hearing, that was adjourned until 2013 but he then abandoned that on 15 February 2013. On 12 March 2013 he was sentenced to eight and a half months' home detention and ordered to pay $75,000 in reparation. He has filed an appeal against conviction. A hearing date is yet to be set.<br /> <br /> The convicted directors are all subject to automatic five year management bans under s60E of the Securities Act. Mr Ludlow is banned until 13 December 2016. Mrs Braithwaite is banned until 27 July 2017.</span></p>
</td>
</tr>
<tr>
<td>
<h2> </h2>
</td>
</tr>
<tr>
<td>
<h2><a id="South Canterbury Finance" name="South Canterbury Finance"></a>South Canterbury Finance</h2>
</td>
</tr>
<tr><th>Defendants</th>
<td>Edward Sullivan, Robert White, Lachie McLeod, Terrence Hutton, Graham Brown </td>
</tr>
<tr><th>Charges</th>
<td>The SFO is the informant. The prosecution is led by the SFO, with FMA's involvement and assistance. The accused are the former directors, former CEO, and company accountants of South Canterbury Finance (SCF). The SFO has laid 21 charges in total with FMA's assistance. The charges are laid under provisions of the Crimes Act: sections 220 (theft by person in special relationship), 240 (inducing by deception), 260 (false accounting) and 242 (false statement by promoter).<br /> The defendants deny the charges.</td>
</tr>
<tr><th>Penalties</th>
<td><em>Criminal charges -</em> The charges under sections 220 and 242 of the Crimes Act carry a maximum penalty of seven years imprisonment, and the charges under sections 242 and 260 of the Crimes Act carry a maximum penalty of 10 years imprisonment. Under section 382 of the Companies Act there is an automatic five year management ban if a person is convicted of a crime involving dishonesty.</td>
</tr>
<tr><th>Date filed</th>
<td><em>Criminal charges -</em> 7 December 2011 in the District Court of Timaru.<br /> <em>Civil proceedings - </em> None filed to date</td>
</tr>
<tr><th>Current status</th>
<td>The case was committed on 31 October 2012. On 11 March 2013 it was transferred to the High Court in Timaru. A pre-trial hearing will take place on 5 August 2013. The trial is scheduled to start on 12 March 2014.</td>
</tr>
</tbody>
</table></div>http://www.fma.govt.nz/laws-we-enforce/enforcement/status-of-fma-investigations-into-failed-finance-companies-(non-bank-deposit-takers)/Status of Investigations into Failed Finance Companies (Non-Bank Deposit Takers)2013-05-06T15:28:32+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body"><p>Current at 9 April 2013</p>
<table border="0" class="investigation">
<thead>
<tr>
<td> </td>
<th>Company</th><th>Event</th><th>Date of event</th><th>Current status of investigation</th></tr>
</thead>
<caption>Continuing FMA investigations</caption>
<tbody>
<tr><th>1.</th>
<td>Allied Nationwide Finance</td>
<td>Receivership</td>
<td>August 2010</td>
<td>Continuing</td>
</tr>
<tr><th>2.</th>
<td>Equitable Mortgages</td>
<td>Receivership</td>
<td>November 2010</td>
<td>Continuing</td>
</tr>
<tr><th>3.</th>
<td>LDC Finance</td>
<td>Receivership</td>
<td>September 2007</td>
<td>Continuing</td>
</tr>
<tr><th>4.</th>
<td>Mutual Finance</td>
<td>Receivership</td>
<td>July 2010</td>
<td>Continuing</td>
</tr>
<tr><th>5.</th>
<td>OPI Pacific Finance (formerly MFS Pacific Finance)</td>
<td>Moratorium</td>
<td>March 2008</td>
<td>Continuing</td>
</tr>
<tr><th>6.</th>
<td>South Canterbury Finance</td>
<td>Receivership</td>
<td>August 2010</td>
<td>FMA inquiry into civil proceedings. FMA supporting SFO criminal proceedings filed December 2011.</td>
</tr>
<tr><th>7.</th>
<td>St Laurence</td>
<td>Moratorium</td>
<td>June 2008</td>
<td>Continuing</td>
</tr>
<tr><th>8.</th>
<td>Strategic Finance (including Strategic Nominees)</td>
<td>Moratorium</td>
<td>August 2008</td>
<td>Investigation concluded February 2013. FMA has notified directors to provide them with an opportunity to respond.</td>
</tr>
<tr><th>9.</th>
<td>Viaduct Capital</td>
<td>Receivership</td>
<td>May 2010</td>
<td>Continuing</td>
</tr>
</tbody>
</table>
<table border="0" class="investigation">
<thead>
<tr>
<td> </td>
<th>Company</th><th>Event</th><th>Date of event</th><th>Current status of investigation</th></tr>
</thead>
<caption>FMA Proceedings Commenced</caption>
<tbody>
<tr><th>1.</th>
<td>Belgrave</td>
<td>Receivership</td>
<td>May 2008</td>
<td>Charges laid awaiting trial, one guilty plea, one stay, trial 29 April 2013.</td>
</tr>
<tr><th>2.</th>
<td>Bridgecorp</td>
<td>Receivership</td>
<td>July 2007</td>
<td>Charges laid, two guilty pleas, three guilty verdicts, all sentenced, one under appeal</td>
</tr>
<tr><th>3.</th>
<td>Bridgecorp Investments</td>
<td>Liquidation</td>
<td>July 2007</td>
<td>Charges laid, two guilty pleas, three guilty verdicts, all sentenced, one under appeal</td>
</tr>
<tr><th>4.</th>
<td>Capital & Merchant</td>
<td>Liquidation</td>
<td>November 2007</td>
<td>Charges laid - five guilty pleas all sentenced. s59A charges remain.</td>
</tr>
<tr><th>5.</th>
<td>Dominion Finance</td>
<td>Receivership</td>
<td>September 2008</td>
<td>Charges laid, awaiting trial</td>
</tr>
<tr><th>6.</th>
<td>Five Star Consumer Finance</td>
<td>Receivership</td>
<td>August 2007</td>
<td>Charges laid - three guilty pleas; two defendants sentenced, one defendant to be sentenced.</td>
</tr>
<tr><th>7.</th>
<td>Five Star Finance</td>
<td>Receivership</td>
<td>September 2007</td>
<td>Charges laid - three guilty pleas; two defendants sentenced, one defendant to be sentenced.</td>
</tr>
<tr><th>8.</th>
<td>Hanover Capital</td>
<td><span>Moratorium</span></td>
<td>July 2008</td>
<td>Civil proceedings filed March 2012</td>
</tr>
<tr><th>9.</th>
<td>Hanover Finance</td>
<td><span>Moratorium</span></td>
<td>July 2008</td>
<td>Civil proceedings filed March 2012</td>
</tr>
<tr><th>10.</th>
<td>Lombard Finance</td>
<td>Receivership</td>
<td>April 2008</td>
<td>Charges laid, all guilty verdicts sentenced, appeal March 2013. Awaiting appeal judgment.</td>
</tr>
<tr><th>11.</th>
<td>Nathans Finance</td>
<td>Receivership</td>
<td>August 2007</td>
<td>Charges laid (one guilty plea, all remaining defendants found guilty and sentenced. Sentences upheld on appeal)</td>
</tr>
<tr><th>12.</th>
<td>National Finance</td>
<td>Receivership</td>
<td>May 2006</td>
<td>Charges laid, two guilty pleas, one guilty verdict, three sentenced, one under appeal.</td>
</tr>
<tr><th>13.</th>
<td>North South Finance</td>
<td>Moratorium</td>
<td>December 2008</td>
<td>Charges laid, awaiting trial</td>
</tr>
<tr><th>14.</th>
<td>South Canterbury Finance</td>
<td>Receivership</td>
<td>August 2010</td>
<td>FMA supports charges laid by SFO December 2011, trial February 2014.</td>
</tr>
<tr><th>15.</th>
<td>United Finance</td>
<td>Moratorium</td>
<td>July 2008</td>
<td>Civil proceedings filed March 2012</td>
</tr>
</tbody>
</table>
<table border="0" class="investigation">
<thead>
<tr>
<td> </td>
<th>Company</th><th>Event</th><th>Date of event</th><th>Current status of investigation</th></tr>
</thead>
<caption>Referred to another regulator, concluded with another enforcement option or closed</caption>
<tbody>
<tr><th>1.</th>
<td>Antares</td>
<td>Liquidation</td>
<td>May 2008</td>
<td>Referred to other regulator *#</td>
</tr>
<tr><th>2.</th>
<td>Provincial Finance</td>
<td>Receivership</td>
<td>May 2006</td>
<td>Referred to other regulator *</td>
</tr>
<tr><th>3.</th>
<td>Western Bay Finance</td>
<td>Receivership</td>
<td>August 2006</td>
<td>Referred to other regulator *</td>
</tr>
<tr><th>4.</th>
<td>Finance & Investments</td>
<td>Receivership</td>
<td>September 2007</td>
<td>Concluded (enforceable undertakings) ##</td>
</tr>
<tr><th>5.</th>
<td>Beneficial Finance</td>
<td>Moratorium</td>
<td>October 2007</td>
<td>Closed ##</td>
</tr>
<tr><th>6.</th>
<td>Capital & Merchant Investments</td>
<td>Receivership</td>
<td>November 2007</td>
<td>Closed ##</td>
</tr>
<tr><th>7.</th>
<td>Chancery Finance</td>
<td>Liquidation</td>
<td>November 2008</td>
<td>Closed ##</td>
</tr>
<tr><th>8.</th>
<td>Compass Capital</td>
<td>Receivership</td>
<td>June 2009</td>
<td>Closed ##</td>
</tr>
<tr><th>9.</th>
<td>Cymbis/Fairview</td>
<td>Receivership</td>
<td>May 2008</td>
<td>Closed ##</td>
</tr>
<tr><th>10</th>
<td>Dorchester Finance</td>
<td>Moratorium</td>
<td>June 2008</td>
<td>Closed ##</td>
</tr>
<tr><th>11.</th>
<td>Numeria Finance</td>
<td>Receivership</td>
<td>December 2007</td>
<td>Closed ##</td>
</tr>
<tr><th>12.</th>
<td>Orange Finance</td>
<td>Moratorium</td>
<td>August 2008</td>
<td>Closed ##</td>
</tr>
<tr><th>13.</th>
<td>Aorangi Securities (including Hubbard Management Funds)</td>
<td>Complaint</td>
<td>June 2010</td>
<td>Referred to other regulator**</td>
</tr>
<tr><th>14.</th>
<td>Rockforte Finance</td>
<td>Receivership</td>
<td>May 2010</td>
<td>Referred to other regulator**##</td>
</tr>
<tr><th>15.</th>
<td>Waipawa Finance</td>
<td>Liquidation</td>
<td>August 2008</td>
<td>Referred to other regulator** (charges laid - guilty plea and sentenced)</td>
</tr>
<tr><th>16.</th>
<td>QED</td>
<td>Liquidation</td>
<td>March 2008</td>
<td>Referred to other regulator* (charges laid - sentenced)</td>
</tr>
<tr><th>17.</th>
<td>Fendal Finance</td>
<td>Complaint</td>
<td>March 2009</td>
<td>Referred to other regulator* (charges laid - guilty plea)</td>
</tr>
<tr><th>18.</th>
<td>Clegg & Co</td>
<td>Receivership</td>
<td>October 2007</td>
<td>Referred to other regulator* (charges laid - guilty plea and sentenced)</td>
</tr>
<tr><th>19.</th>
<td>All Purpose Finance (trading as St Kilda)</td>
<td>Receivership</td>
<td>November 2008</td>
<td>Closed##</td>
</tr>
<tr><th>20.</th>
<td>Direct Property St Laurence Investments (No.6) (part of St Laurence Group)</td>
<td>Moratorium</td>
<td>June 2008</td>
<td>Closed##</td>
</tr>
<tr><th>21.</th>
<td>Finance & Leasing</td>
<td>Receivership</td>
<td>January 2011</td>
<td>Closed##</td>
</tr>
<tr><th>22.</th>
<td>Geneva Finance</td>
<td>Moratorium</td>
<td>October 2007</td>
<td>Closed##</td>
</tr>
<tr><th>23.</th>
<td>Mascot Finance</td>
<td>Receivership</td>
<td>March 2009</td>
<td>Closed##</td>
</tr>
<tr><th>24.</th>
<td>Strata Finance</td>
<td>Receivership</td>
<td>April 2009</td>
<td>Closed##</td>
</tr>
<tr><th>25.</th>
<td>Kiwi Finance</td>
<td>Receivership</td>
<td>April 2008</td>
<td>Completed December 2011, with repayment of investors.</td>
</tr>
<tr><th>26.</th>
<td>Boston Finance</td>
<td>Moratorium</td>
<td>March 2008</td>
<td>Closed October 2012 ##</td>
</tr>
<tr><th>27.</th>
<td>Structured Finance (NZ)</td>
<td>Moratorium</td>
<td>May 2009</td>
<td>Closed October 2012 ##</td>
</tr>
<tr><th>28.</th>
<td>Vision Securities</td>
<td>Receivership</td>
<td>April 2010</td>
<td>Closed October 2012 ##</td>
</tr>
<tr><th>29.</th>
<td>Propertyfinance Securities</td>
<td>Receivership</td>
<td>August 2007</td>
<td>Closed October 2012 ##</td>
</tr>
</tbody>
</table>
<table border="0" class="notes plain">
<tbody>
<tr><th>*</th>
<td>National Enforcement Unit of the Ministry of Economic Development</td>
</tr>
<tr><th>**</th>
<td>Serious Fraud Office</td>
</tr>
<tr><th>#</th>
<td>Relates to Five Star prosecution</td>
</tr>
<tr><th>##</th>
<td>On the basis of information we currently have FMA will continue to include these issuers within its general surveillance. Our decision can and will be reviewed, and our investigation be reopened, if new information comes to light.</td>
</tr>
</tbody>
</table></div>http://www.fma.govt.nz/laws-we-enforce/guidance-notes/Guidance Notes2013-05-01T16:30:17+13:00Financial Markets Authority<div id="teaser-text">A full list of all guidance notes.</div><div id="body"><p><a href="http://www.fma.govt.nz/help-me-comply/issuers/financial-reporting-updates-and-guidance-notes/">Issuers</a></p>
<p><a href="http://www.fma.govt.nz/help-me-comply/trustees/guidance-notes/"> Trustees</a></p>
<p><a href="http://www.fma.govt.nz/help-me-comply/financial-advisers/guidance-notes/"> Financial Advisers</a></p>
<p><a href="http://www.fma.govt.nz/help-me-comply/superannuation/guidance-notes/"> Superannuation</a></p>
<p><a href="http://www.fma.govt.nz/help-me-comply/kiwisaver/guidance-notes/"> KiwiSaver</a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/securities-markets-act-(fonterra-co-operative-group-limited-supply-offer)-exemption-notice-2013/Securities Markets Act (Fonterra Co-operative Group Limited Supply Offer)2013-04-29T16:30:57+13:00Financial Markets Authority<div id="teaser-text">Securities Markets Act (Fonterra Co-operative Group Limited Supply Offer) Exemption Notice 2013</div><div id="body"><p><a href="/media/1628004/securities-markets-act-fonterra-co-opertive-group-limited-supply-offer-exemption-notice-2013.pdf"><span style="font-family: 'Calibri','sans-serif'; font-size: 11pt; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-ansi-language: EN-NZ; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Securities Markets Act (Fonterra Co-operative Group Limited Supply Offer) Exemption Notice 2013</span></a></p></div>http://www.fma.govt.nz/laws-we-enforce/enforcement/prosecutions-and-proceedings/ross-asset-management-investigation/Ross Asset Management Investigation2013-04-29T14:06:45+13:00Financial Markets Authority<div id="teaser-text">Ross Asset Management Investigation</div><div id="body"><p><strong>25 March 2013</strong><br /> <br /> A hearing took place in the Wellington High Court today, before Justice Kós, in relation to the asset preservation orders which FMA has obtained over the assets of David Ross, Ross Asset Management and related entities.<br /> <br /> The parties have agreed that now the liquidators (Messrs Fisk and Bridgeman) have been appointed over the Ross companies, the receiver is no longer required. Although orders were sought to remove Mr Fisk and Mr Bridgman as receivers over the Ross related companies, they will both remain as liquidators over these companies. All other aspects of the asset preservation orders remain in place, including the freeze over assets.<br /> <br /> The receivers will shortly file their final receivers' report with the Court.<br /> <br /> Information regarding the liquidations can be found on PWC's <a href="http://www.pwc.co.nz/ross-group/">website</a>.<br /> <br /> While the liquidation process continues, there is no immediate need for a future Court date and Justice Kós has agreed to adjourn the matter until further notice. FMA or the named defendants can request a hearing if required, on five working days' notice.<br /> <br /> The investigation being conducted by FMA and SFO is on-going and Mr Ross is continuing to co-operate with inquiries.<br /> <br /> FMA will issue a questionnaire to all investors seeking further information, relevant to the investigations and asks that all investors complete this questionnaire to assist with the on-going investigation.<br /> <br /> <strong><br /> Last update 21 December 2012<br /> </strong></p>
<p>Yesterday, PwC released its first liquidators report. A copy of this can be found <a href="http://www.pwc.co.nz/rossassetmanagement/">here</a> on PwC's website.</p>
<p><strong><strong><strong>Background Information</strong><br /> </strong></strong></p>
<p><strong>17 December 2012<br /> </strong><br /> The Court ordered the liquidation of four of the Ross Group entities today:</p>
<ul>
<li>Ross Asset Management Limited (RAM)</li>
</ul>
<ul>
<li>Bevis Marks Corporation Limited</li>
</ul>
<ul>
<li>Mercury Asset Management Limited</li>
</ul>
<ul>
<li>McIntosh Asset Management Limited</li>
</ul>
<p>Remuneration rates for John Fisk and David Bridgman as appointed liquidators, were also approved by the Court. FMA supported the liquidation applications and the appointment of the liquidators.</p>
<p>The liquidators intend to release their first report on 21 December 2012 and this will be posted on PwC's website and sent out to investors who have provided their contact details to PwC.<br /> <br /> <br /> <strong>11 December 2012</strong><br /> <br /> On 3 December 2012 PwC, the Receivers and Managers of the Ross Group, submitted liquidation applications to the High Court for a number of the companies currently in receivership. A High Court hearing date for the liquidation applications has now been set for Monday, 17 December 2012.<br /> <br /> Last Friday, a memorandum was filed by the parties, requesting the Court hearing scheduled for this morning regarding the asset preservation orders be adjourned until early 2013, after the first hearing of the liquidation applications. That will allow FMA to update the Court then on the outcome of those liquidation applications. The Court agreed to the adjournment and the asset preservation orders will continue and will now be heard on 4 February 2013.<br /> <br /> <br /> <strong>6 December 2012</strong><br /> <br /> FMA's investigation into David Ross and Ross Asset Management and related entities (in Receivership) is continuing and is being co-ordinated with SFO's investigation.<br /> <br /> FMA is investigating possible breaches of financial markets legislation. To date, we have received some information from investors and we have requested further information from the Receivers, PwC, which is relevant to our investigation.<br /> <br /> We will shortly be writing to all investors to ask for more specific information about their investments with Ross Asset Management. It is important that investors assist FMA in its inquiries. The investigation into Ross Asset Management is large and complex and will take time to complete.<br /> <br /> FMA and SFO will continue to work together to ensure the investigation is progressed as quickly as possible.<br /> <br /> In the meantime, if any investor invested with Ross Asset Management on the recommendation of an Authorised Financial Adviser, or on the recommendation of a lawyer or accountant, we would be grateful if they could provide details to us. We ask that they contact FMA on http://www.fma.govt.nz/about-us/contact-us.<br /> <br /> Any inquiries with respect to FMA's investigation should be directed to http://www.fma.govt.nz/about-us/contact-us.<br /> <br /> Background:<br /> Following the receipt of complaints from investors, on 25 October FMA commenced an investigation into the affairs of David Ross, Ross Asset Management Limited and related entities (the "Ross Entities") and specifically, compliance with the Financial Advisers Act 2008. As a result of information obtained by FMA on 2 and 6 November, FMA obtained court orders freezing the assets of the Ross Entities and appointing a receiver over the Ross Entities in order to preserve assets for investors while the investigation continues. The Receivers activities, including the proposed liquidation are focused on identifying and preserving assets.<br /> <br /> <br /> <strong>3 December 2012</strong><br /> <br /> PwC, the Receivers and Managers of the Ross Group, today submitted liquidation applications to the High Court of New Zealand for a number of the companies currently in receivership. A High Court hearing date of Monday, 17 December 2012 has been allocated.<br /> <br /> This is consistent with PwC's Report and Memorandum of Counsel submitted and presented to the High Court of New Zealand for review (respectively on 15 November and 23 November 2012).<br /> <br /> Today, FMA provided Bruce Tichbon, representative of the RAM Investor Group, with an update. A copy of that letter can be found <a href="/media/1336312/letter_to_mr_tichbon.pdf">here</a>.<strong><br /> <br /> <br /> 26 November 2012</strong></p>
<p>The Financial Markets Authority has today provided the High Court in Wellington with an update on progress on Ross Asset Management Limited and related entities (in Receivership).</p>
<p>The Court was advised by FMA and PwC that they consider liquidation of some of the companies to be the next step. An application to put some of the companies in liquidation will be made shortly. It is likely that this will be made by PwC. The application will be publicly notified and investors will be able to be heard during the liquidation process. Receivership over Mr Ross, his trusts and other related entities and freezing orders continue to be in place.</p>
<p>PwC's inquiries are continuing. Further information about this can be found <a href="http://www.pwc.co.nz/rossassetmanagement/">here</a>.</p>
<p>All parties are aware of the importance of managing these next steps in a cost effective way. FMA has today responded to concerns raised by Bruce Tichbon for the RAM investor group. A copy of the letter can be found <a href="/media/1333524/letter_to_bruce_tichbon_26.11.12.pdf">here</a>.</p>
<p>The matter will be called before the Court again on 10 December so that FMA can provide a further update.</p>
<p>FMA's investigation continues.</p>
<p><strong><br /> 5:00pm, 22 November 2012</strong></p>
<p>FMA and the Receivers attended a meeting with David Ross and his lawyer today.<br /> Mr Ross cooperated throughout and responded to enquiries made by the Receiver.</p>
<p>Mr Ross has confirmed that he will cooperate fully with FMA and SFO's investigation.<br /> FMA will now liaise with Mr Ross' lawyer to make arrangements on proposed next steps.<strong><br /> <br /> <br /> 2:00pm, 22 November 2012</strong></p>
<p>Today Receivers PwC will issue an update to investors outlining further progress on their inquiries. This letter will be posted on PwC's website.</p>
<p>On Monday 26 November, FMA will provide the High Court in Wellington with an update of its case. At that hearing FMA will recommend that some of the Ross Entities, which are insolvent, should be placed in liquidation as recommended by the Receivers, while Mr Ross, his trusts and other related entities will remain in receivership.</p>
<p>Liquidation will ensure that greater recovery powers can be used and some distribution to investors can then be made. Investors' interests will be heard in that process. Further details regarding this recommendation and the liquidation process are set out in the letter to investors on PwC's website.</p>
<p>FMA has responded to inquiries received from Bruce Tichbon of the RAM Investors Group. A copy of our written response can be found <a href="/media/1332884/20121122121547856.pdf">here</a>.</p>
<p>FMA has today been advised that Mr Ross is now available to assist FMA and PwC with their inquiries. Through his lawyers we have been advised that he intends to co-operate with these inquiries.</p>
<p>FMA's investigation continues and we are working with SFO on a joint investigation.<strong><br /> <br /> <br /> 21 November 2012</strong></p>
<p>PwC's report into Ross Asset Management Ltd and related entities indicated that it considered the liquidation of certain of the Ross Entities to be the next step. Liquidation and the process through which it would occur and whether this will maximise investor interests, is currently being explored.</p>
<p>The matter will be heard in the Wellington High Court on 26 November, at which time FMA and PwC will advise the Court of their proposed next steps during the hearing. PwC is preparing a further letter to investors which will be sent out over the coming days.</p>
<p>If any investor has information relating to the location of assets of Ross Asset Management, please provide it to FMA and PWC urgently.<br /> <strong><br /> <br /> 15 November 2012<br /> <br /> </strong> The report, prepared by John Fisk and David Bridgman of PwC, with the assistance of brokers from First NZ Capital, explains that Ross Asset Management's records show purported investments of $449.6 million, held on behalf of more than 900 investors across 1720 accounts. This figure represents the portfolio values reported by Ross Asset Management to investors, not their actual capital contributions, or the current value of those contributions. The latter figures are yet to be determined.</p>
<p>The Receivers and Managers' focus over the first five days of their appointment has been to identify and secure investment assets. After searching the custody accounts identified by Mr Ross and through wider searches in international investment markets, they have so far located investments of only $10.2 million. The search continues.<br /> <br /> Read full media release <a href="/keep-updated/newsroom/media-releases/2012/release-of-pwc-report-into-ross-asset-management/"> here</a>.<br /> <br /> A copy of the report and appendices can be viewed on PwC's <a href="http://www.pwc.co.nz/rossassetmanagement/">website</a>. <br /> <br /> <br /> <strong>12 November 2012</strong><br /> <br /> The focus of work for the appointed receivers from PwC and brokers from NZ First Capital to date, has been identifying and preserving assets on behalf of investors, as per the orders obtained by FMA. <br /> <br /> As directed by the Court on November 6, PwC will provide a report to the Court on Tuesday 13 November.<br /> <br /> FMA is seeking a court hearing for Wednesday 14 November, after which both PwC and FMA will be able to give investors a further update. The hearing date is still to be confirmed.<br /> <br /> The report is likely to be held by the Court as confidential until the hearing, when orders regarding disclosure of the report will be made.<strong> <br /> <br /> </strong> If you have any questions, please contact PwC directly on 04 462 7040.<br /> <strong><br /> <br /> </strong> <strong>9 November 2012<br /> <br /> </strong> As previously advised, John Fisk and David Bridgman of PwC have been appointed receivers and managers, to manage the business of David Ross and Ross Asset Management, and related entities. Their inquiries are continuing with assistance from First NZ Capital and FMA.<br /> <br /> The receivers sent out letters yesterday to investors. If you do not receive a letter within the next couple of days, please contact PwC directly on 04 462 7040.<br /> <br /> A copy of the letter can be viewed <a href="/media/1258114/letter_to_investors_081112_protected.pdf">here</a>.</p>
<p><strong><br /> 6 November 2012</strong><br /> <br /> The High Court in Wellington has today granted FMA's application for John Fisk and David Bridgman of PwC to be appointed as receivers and managers, along with experienced brokers from First NZ Capital, to manage the business of David Ross and Ross Asset Management.</p>
<p>The decision follows the freezing of the assets of Mr Ross last Friday after FMA received a number of complaints regarding the delayed or non-payment of investors.</p>
<p>Mr Fisk and Mr Bridgman have now stepped in to manage the business and to identify the assets held, the names of clients and the value of the portfolios held. FMA's inquiries to date have identified that assets are held in New Zealand, Australia, the UK and the USA, and FMA and PwC's inquiries to locate and value the assets continues.<br /> <br /> The receivers will provide a report updating the Court and FMA next week on the steps they have taken and the current status of their work. They will be in touch with known investors within the next two days.<br /> <br /> If you are an investor, we ask that you contact the receivers at PwC and provide them with details of your investment on 04 462 7040 or <a href="http://www.pwc.co.nz/">http://www.pwc.co.nz/</a>.</p>
<p><br /> <strong>2 November 2012</strong><br /> <br /> <span>On Friday 2 November, the High Court in Wellington froze the assets of David Ross of Ross Asset Management Limited and the following related entities:</span></p>
<p>• Ross Asset Management Limited<br /> • Bevis Marks Corporation Limited<br /> • Dagger Nominees Limited<br /> • Mercury Asset Management Limited<br /> • Ross Investment Management Limited<br /> • Ross Unit Trusts Management Limited<br /> • United Asset Management Limited<br /> • McIntosh Asset Management Limited<br /> • Chapman Ross Trust<br /> • Woburn Ross Trust</p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/securities-markets-act-(bathurst-resources-(new-zealand)-limited)-exemption-notice-2013/Securities Markets Act (Bathurst Resources (New Zealand) Limited)2013-04-26T12:32:56+13:00Financial Markets Authority<div id="teaser-text">Securities Markets Act (Bathurst Resources (New Zealand) Limited) Exemption Notice 2013</div><div id="body"><p><a href="/media/1627982/securities-markets-act-bathurst-resources-new-zealand-limited-exemption-notice-2013.pdf">Securities Markets Act (Bathurst Resources (New Zealand) Limited) Exemption Notice 2013</a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(bathurst-resources-(new-zealand)-limited)-exemption-notice-2013/Securities Act (Bathurst Resources (New Zealand) Limited)2013-04-26T12:26:42+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Bathurst Resources (New Zealand) Limited) Exemption Notice 2013</div><div id="body"><p><a href="/media/1627941/securities-act-bathurst-resources-new-zealand-limited-exemption-notice-2013.pdf">Securities Act (Bathurst Resources (New Zealand) Limited) Exemption Notice 2013</a></p></div>http://www.fma.govt.nz/laws-we-enforce/registers/list-of-qualifying-financial-entities-(qfe)/List of Qualifying Financial Entities (QFE)2013-04-24T16:01:36+13:00Financial Markets Authority<div id="teaser-text">List of Qualifying Financial Entities</div><div id="body"><table border="0" class="advisers"><caption>57 entity groups currently have Qualifying Financial Entity status. For a QFE's business address and list of services visit <a href="http://www.fspr.govt.nz">www.fspr.govt.nz</a>. For previously licensed QFE entities see file attachment below.</caption>
<thead>
<tr><th>FSP No.</th><th>Entity (company or partner)</th><th>Group name</th><th>Associated entities</th></tr>
</thead>
<tbody>
<tr>
<td>
<p>FSP36405</p>
</td>
<td>
<p>ANZ Bank New Zealand Limited<br /> <br /> <em>Previously ANZ National Bank Limited</em></p>
</td>
<td>
<p>ANZ New Zealand QFE Group</p>
</td>
<td>
<ul>
<li>ANZ New Zealand Securities Limited (FSP32943)<br /> <br /> <em>Previously Direct Broking Limited</em><br /> <br /> UDC Finance Limited (FSP27147)</li>
<li>ANZ Investment Services (New Zealand) Limited (FSP32942)</li>
<li>OnePath (NZ) Limited (FSP33221)</li>
<li>OnePath Life (NZ) Limited (FSP33242)</li>
<li>OnePath Insurance Services (NZ) Limited (FSP33261)</li>
</ul>
</td>
</tr>
<tr>
<td>
<p>FSP29003</p>
</td>
<td>
<p>ASB Bank Limited</p>
</td>
<td>
<p>ASB Bank QFE Group</p>
</td>
<td>
<ul>
<li>ASB Group Investments Limited (FSP29024)</li>
<li>ASB Securities Limited (FSP29162)</li>
<li>AEGIS Limited (FSP29025)</li>
<li>Commonwealth Bank of Australia (FSP29223)</li>
</ul>
</td>
</tr>
<tr>
<td>FSP21661</td>
<td>Fisher and Paykel Finance Limited</td>
<td>The Fisher and Paykel Finance QFE Group</td>
<td>Fisher and Paykel Financial Services Limited (FSP33225)<br /> Retail Financial Services Limited (FSP34723)<br /> Equipment Finance Limited (FSP34762)<br /> Consumer Insurance Services Limited (FSP34784)<br /> Consumer Finance Limited (FSP30663)</td>
</tr>
<tr>
<td>
<p>FSP38581</p>
</td>
<td>
<p>Fisher Funds Management Limited</p>
</td>
<td>
<p>Fisher Funds QFE Group</p>
</td>
<td>
<p>TOWER Managed Funds Limited (FSP41483)</p>
</td>
</tr>
<tr>
<td>
<p>FSP53921</p>
</td>
<td>
<p>Heartland Bank Limited<br /> <br /> <em>Previously Heartland Building Society</em></p>
<p><em>Originally Combined Building Society</em></p>
</td>
<td>
<p>Heartland QFE Group<br /> <br /> <em>Previously Heartland Building Society QFE Group</em></p>
<p><em>Originally Combined Building Society QFE Group</em></p>
</td>
<td>
<p>MARAC Finance Limited (FSP41882)</p>
<p>MARAC Insurance Limited (FSP41941)</p>
<p>PGG Wrightson Finance Limited (FSP38184)</p>
</td>
</tr>
<tr>
<td>FSP67641</td>
<td>IAG New Zealand Limited</td>
<td>IAG New Zealand Limited QFE Group</td>
<td>AMI Insurance Limited (FSP 195925)</td>
</tr>
<tr>
<td>FSP19941</td>
<td>Kiwibank Limited</td>
<td>The Kiwibank QFE Group</td>
<td>Gareth Morgan Investments Limited Partnership (FSP46781)<br /> Gareth Morgan KiwiSaver Limited (FSP46761)</td>
</tr>
<tr>
<td>
<p>FSP34501</p>
</td>
<td>
<p>Prometheus Finance Limited</p>
</td>
<td>
<p>Prometheus QFE Group</p>
</td>
<td>
<p>Prometheus Social Lending Services Limited (FSP119525)</p>
</td>
</tr>
<tr>
<td>
<p>FSP43787</p>
</td>
<td>
<p>Southern Cross Medical Care Society</p>
</td>
<td>
<p>Southern Cross Health Society QFE Group</p>
</td>
<td>
<p>Activa Health Limited (FSP171104)</p>
</td>
</tr>
<tr>
<td>
<p>FSP38642</p>
</td>
<td>
<p>Sovereign Services Limited</p>
</td>
<td>
<p>Sovereign QFE Group</p>
</td>
<td>
<ul>
<li>Sovereign Assurance Company Limited (FSP39602)</li>
<li>Sovereign Superannuation Funds Limited (FSP39623)</li>
<li>Sovereign Superannuation Trustees Limited (FSP38641)</li>
</ul>
</td>
</tr>
<tr>
<td>
<p>FSP36886</p>
</td>
<td>
<p>The Hongkong and Shanghai Banking Corporation Limited</p>
</td>
<td>
<p>The HSBC QFE Group</p>
</td>
<td>
<p>HSBC Investments New Zealand Limited (FSP37008)</p>
</td>
</tr>
<tr>
<td>
<ul>
<li>FSP105384</li>
</ul>
</td>
<td>
<ul>
<li>TOWER New Zealand Limited</li>
</ul>
</td>
<td>
<p>TOWER QFE Group</p>
</td>
<td>
<ul>
<li>TOWER Health and Life Limited (FSP41485)</li>
<li>TOWER Insurance Limited (FSP41165)</li>
<li>The National Insurance Company of New Zealand Limited (FSP42644)</li>
<li>TOWER Life (N.Z) Limited (FSP42605)</li>
</ul>
</td>
</tr>
<tr>
<td>
<p>FSP35681</p>
</td>
<td>
<p>Westpac New Zealand Limited</p>
</td>
<td>
<p>Westpac NZ QFE Group</p>
</td>
<td>
<ul>
<li>Westpac Banking Corporation (FSP36250)</li>
<li>Westpac Life-NZ-Limited (FSP32901)</li>
<li>BT Funds Management (NZ) Limited (FSP32662)</li>
</ul>
</td>
</tr>
<tr>
<td>
<p>FSP 7741</p>
</td>
<td>
<p>AA Insurance Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP35924</p>
</td>
<td>
<p>ACE Insurance Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP39383</p>
</td>
<td>
<p>AIA International Limited</p>
<p><em>Previously American International Assurance Company (Bermuda) Limited</em></p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP38082</p>
</td>
<td>
<p>AMP Services (NZ) Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP36561</p>
</td>
<td>
<p>Aotearoa Credit Union</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP25081</p>
</td>
<td>
<p>Asteron Life Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP41821</p>
</td>
<td>
<p>Avanti Finance Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP25101</p>
</td>
<td>
<p>Bank of New Zealand</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP27625</p>
</td>
<td>
<p>CIGNA Life Insurance New Zealand Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP13041</p>
</td>
<td>
<p>Credit Union Auckland</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP27482</p>
</td>
<td>
<p>Credit Union Baywide</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP16101</p>
</td>
<td>
<p>Credit Union Central</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP27046</p>
</td>
<td>
<p>Credit Union South</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP68182</p>
</td>
<td>
<p>Farmers Mutual Group</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP42822</p>
</td>
<td>
<p>Finance Now Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP29785</p>
</td>
<td>
<p>First Credit Union</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP24848</p>
</td>
<td>
<p>Forsyth Barr Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP11701</p>
</td>
<td>
<p>GE Finance and Insurance</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP28142</p>
</td>
<td>
<p>Grosvenor Investment Management Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP26502</p>
</td>
<td>
<p>Hawke's Bay Insurances Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP20381</p>
</td>
<td>
<p>Instant Finance Limited<br /> <em>Previously Instant Finance NZ Limited</em></p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP34047</p>
</td>
<td>
<p>Jardine Lloyd Thompson Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP19261</p>
</td>
<td>
<p>Kookmin Bank</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP26147</p>
</td>
<td>
<p>Lumley General Insurance (N.Z.) Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP35849</p>
</td>
<td>
<p>Medical Assurance Society New Zealand Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP42742</p>
</td>
<td>
<p>Mercer (N.Z.) Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP26831</p>
</td>
<td>
<p>Motor Trade Finances Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP33381</p>
</td>
<td>
<p>Nelson Building Society</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP116487</p>
</td>
<td>
<p>Oxford Finance Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP110887</p>
</td>
<td>
<p>Partners Life Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP88443</p>
</td>
<td>
<p>QBE Insurance (International) Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>FSP38761</td>
<td>Runacres and Associates Limited<br /> <em>Previously Anthony Runacres and Associates Limited</em></td>
<td>N/A</td>
<td>N/A</td>
</tr>
<tr>
<td>
<p>FSP48342</p>
</td>
<td>
<p>Sentinel Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP25143</p>
</td>
<td>
<p>Smithcorp Finance Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP30921</p>
</td>
<td>
<p>Southland Building Society</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP26061</p>
</td>
<td>
<p>Spicers Portfolio Management Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP37128</p>
</td>
<td>
<p>Steelsands Credit Union</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP105832</p>
</td>
<td>
<p>Telnet Services Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP17605</p>
</td>
<td>
<p>The Co-operative Bank Limited</p>
<p><em>Previously PSIS Limited</em></p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP41189</p>
</td>
<td>
<p>The New Zealand Automobile Association Inc</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP33501</p>
</td>
<td>
<p>The New Zealand Guardian Trust Company Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP39861</p>
</td>
<td>
<p>Thorn Rentals NZ Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP22621</p>
</td>
<td>
<p>TSB Bank Limited</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
<tr>
<td>
<p>FSP35932</p>
</td>
<td>
<p>Westforce Credit Union</p>
</td>
<td>
<p>N/A</p>
</td>
<td>
<p>N/A</p>
</td>
</tr>
</tbody>
</table></div>http://www.fma.govt.nz/laws-we-enforce/legislation/notices/Notices2013-04-23T10:14:11+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body"><ul>
<li><a href="http://www.fma.govt.nz/laws-we-enforce/legislation/notices/trustees-and-statutory-supervisors/"> Trustees and Statutory Supervisors</a>
<ul>
<li><a href="/laws-we-enforce/legislation/notices/trustees-and-statutory-supervisors/trustees-andor-statutory-supervisors-approved-under-section-48-securities-act-1978/" title="Trustees and/or Statutory Supervisors Approved under Section 48 Securities Act 1978">Trustees and/or Statutory Supervisors Approved under Section 48 Securities Act 1978</a></li>
<li><a href="/laws-we-enforce/legislation/notices/trustees-and-statutory-supervisors/securities-act-1978-trustee-corporations/" title="Securities Act 1978 Trustee Corporations">Securities Act 1978 Trustee Corporations</a></li>
</ul>
</li>
<li><a href="/laws-we-enforce/legislation/notices/electronic-securities-transfer-systems/" title="Electronic Securities Transfer Systems">Electronic Securities Transfer Systems</a></li>
<li><a href="/laws-we-enforce/legislation/notices/designated-settlement-systems/" title="Designated Settlement Systems">Designated Settlement Systems</a></li>
<li><a href="/laws-we-enforce/registers/list-of-qualifying-financial-entities-(qfe)/" title="List of Qualifying Financial Entities">List of Qualifying Financial Entities</a></li>
<li><a href="/media/1026246/notice_of_market_registration__fonterra_shareholders__market_.pdf"> Notice of Market Registration (Fonterra Shareholders' Market)</a></li>
<li><a href="/laws-we-enforce/legislation/notices/nzsxnzdx-listing-rules/"> Securities Markets Act (NZSX NZDX Listing Rules) Approval of Market Rules Notice 2012</a></li>
<li><a href="http://www.fma.govt.nz/laws-we-enforce/legislation/notices/nz-markets-disciplinary-tribunal-rules/">Securities Markets Act (NZ Markets Disciplinary Tribunal Rules) Approval of Market Rules Notice 2013</a></li>
</ul></div>http://www.fma.govt.nz/laws-we-enforce/legislation/notices/nz-markets-disciplinary-tribunal-rules/NZ Markets Disciplinary Tribunal Rules2013-04-23T10:11:39+13:00Financial Markets Authority<div id="teaser-text">Securities Markets Act (NZ Markets Disciplinary Tribunal Rules) Approval of Market Rules Notice 2013</div>http://www.fma.govt.nz/laws-we-enforce/registers/list-of-authorised-futures-dealers/List of Authorised Futures Dealers2013-04-19T14:53:06+13:00Financial Markets Authority<div id="teaser-text">List of Authorised Futures Dealers</div><div id="body"><p>The Financial Markets Authority (FMA) publishes this information for public use. This list does not supersede the Authorised Futures Dealers Notices (Notices) published in the Gazette from time to time. For full details of the authorisation granted to a particular entity, you should obtain a copy of the relevant Notice. To access the Notices visit <a href="http://www.dia.govt.nz/Services-New-Zealand-Gazette-Index">New Zealand Gazette</a>.<br /> <br /> If you consider your firm ought to be added to this list and/or the description of your firm's authorisation requires updating please e-mail questions@fma.govt.nz.</p>
<table border="0" class="advisers">
<thead>
<tr><th>Authorised Futures Dealer</th><th>Gazette Notice Reference</th><th>Summary of Authorisation</th><th>Expiry Date</th></tr>
</thead>
<tbody>
<tr>
<td>Advanced Metering Assets Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>AMP Capital Investors (New Zealand) Limited</td>
<td>Authorised Futures Dealers (No.9) Notice 1994</td>
<td>Dealing in futures contracts as part of the ordinary course of business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td>
<td>N/A</td>
</tr>
<tr>
<td>Arrowstreet Capital, Limited Partnership</td>
<td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Aug-17</td>
</tr>
<tr>
<td>B T Funds Management (NZ) Limited</td>
<td>Authorised Futures Dealers (No.5) Notice 1998</td>
<td>Dealing in futures contracts as part of the ordinary course of business as a fund manager or as part of the duties and functions of the company as a trustee of any managed funds</td>
<td>N/A</td>
</tr>
<tr>
<td>Bank of New York Mellon</td>
<td>Authorised Futures Dealers (Bank of New York Mellon) Notice 2011</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Mar-16</td>
</tr>
<tr>
<td>Barclays Bank PLC</td>
<td>Authorised Futures Dealers (Barclay's Bank PLC) Notice 2011</td>
<td>Dealing in futures contracts generally on behalf of wholesale clients</td>
<td>Jul-16</td>
</tr>
<tr>
<td>Centurion Finance Limited</td>
<td>Authorised Futures Dealers (Centurion Finance Limited) Notice 2011</td>
<td>Issuing foreign exchange futures contracts</td>
<td>Oct-14</td>
</tr>
<tr>
<td>CMC Markets NZ Limited</td>
<td>Authorised Futures Dealers (CMC Markets NZ Limited) Notice 2011</td>
<td>Issuing over the counter and foreign exchange futures contracts</td>
<td>Oct-14</td>
</tr>
<tr>
<td>Colchester Global Investors Limited</td>
<td>Authorised Futures Dealers (Colchester Global Investors Limited) Notice 2012</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Aug-17</td>
</tr>
<tr>
<td>Contact Energy Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Cooperative Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)</td>
<td>Authorised Futures Dealers (Rabobank Nederland) Notice 2010</td>
<td>Dealing in futures contracts off exchange on behalf of wholesale clients</td>
<td>Jul-15</td>
</tr>
<tr>
<td>Direct FX Limited</td>
<td>Authorised Futures Dealers (Direct FX Limited) Notice 2009</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Feb-14</td>
</tr>
<tr>
<td>Edge Capital Markets Limited</td>
<td>Authorised Futures Dealers (Edge Capital Markets Limited)Notice 2011</td>
<td>Providing a futures adviser or introducing broker or managed account service.</td>
<td>Sep-14</td>
</tr>
<tr>
<td>Electricity Corporation of New Zealand Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Elementum (Bermuda) Limited</td>
<td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Aug-17</td>
</tr>
<tr>
<td>Elementum Advisors LLC</td>
<td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Aug-17</td>
</tr>
<tr>
<td>Energy Link Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Energywise Solutions Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 31 March 2011</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>
<p>Fonterra Commodities Limited</p>
</td>
<td>
<p>Authorised Futures Dealers (Fonterra Commodities Limited) Notice 2013</p>
</td>
<td>
<p>Advising on futures contracts to wholesale clients</p>
</td>
<td>Feb-18</td>
</tr>
<tr>
<td>Genesis Power Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 8 July 1999</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Global Brokers (NZ) Limited</td>
<td>Authorised Futures Dealers (Global Brokers (NZ) Limited) Notice 2012</td>
<td>Dealing in futures contracts generally</td>
<td>Nov-14</td>
</tr>
<tr>
<td>Harlow Butler (NZ) Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>HiFX Limited</td>
<td>Authorised Futures Dealers (HiFX Limited) Notice 2013</td>
<td>Issuing forward foreign exchange futures contracts; and advising on forward foreign exchange futures contracts to wholesale clients</td>
<td>Mar-18</td>
</tr>
<tr>
<td>ICAP New Zealand Limited</td>
<td>Authorised Futures Dealers (ICAP New Zealand Limited) Notice 2011</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Aug-16</td>
</tr>
<tr>
<td>IG Markets Limited</td>
<td>Authorised Futures Dealers (IG Markets Limited) Notice 2009</td>
<td>Issuing over-the-counter futures contracts</td>
<td>Sep-14</td>
</tr>
<tr>
<td>Intercontinental Financial Services Corporation Limited</td>
<td>Authorised Futures Dealers (Intercontinental Financial Services Corporation Limited) Notice 2011</td>
<td>Issuing over-the-counter futures contracts</td>
<td>Nov-13</td>
</tr>
<tr>
<td>J.P. Morgan Australia Limited</td>
<td>Authorised Futures Dealers (JPMorgan Chase Bank Limited, NA and J.P. Morgan Australia Limited) Notice 2008</td>
<td>Advising on off exchange futures contracts to wholesale clients that JPMorgan Chase Bank Limited, National Association is a party to</td>
<td>Oct-13</td>
</tr>
<tr>
<td>J.P. Morgan Markets Australia PTY Limited</td>
<td>Authorised Futures Dealers Notice 2006</td>
<td>Dealing in future contracts generally on behalf of wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>J.P. Morgan Securities Australia Limtied</td>
<td>Authorised Futures Dealers (J.P. Morgan Securities Australia Limtied) Notice 2010</td>
<td>Dealing in futures contracts generally on behalf of wholesale clients</td>
<td>Nov-15</td>
</tr>
<tr>
<td>JPMorgan Chase Bank Limited, National Association</td>
<td>Authorised Futures Dealers (JPMorgan Chase Bank Limited, NA and J.P. Morgan Australia Limited) Notice 2008</td>
<td>Issuing foreign exchange futures contracts to wholesale clients</td>
<td>Oct-13</td>
</tr>
<tr>
<td>KVB FX Limited</td>
<td>Authorised Futures Dealers (KVB FX Limited) Notice 2009</td>
<td>Issuing foreign exchange futures contracts</td>
<td>Jun-13</td>
</tr>
<tr>
<td>KVB Kunlun New Zealand Limited</td>
<td>Authorised Futures Dealers (No 3) Notice 2005 - as amended 30 June 2011</td>
<td>Dealing in futures contracts generally</td>
<td>Jun-13</td>
</tr>
<tr>
<td>Macquarie Bank Limited</td>
<td>Authorised Futures Dealers (Macquarie Bank Limited) Notice 2009</td>
<td>Dealing in futures contracts generally on behalf of wholesale clients</td>
<td>Jul-14</td>
</tr>
<tr>
<td>MainPower New Zealand Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>MCI Markets Limited</td>
<td>Authorised Futures Dealers (MCI Markets Limited) Notice 2012</td>
<td>Issuing over-the-counter futures contracts</td>
<td>Jul-14</td>
</tr>
<tr>
<td>Meridian Energy Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 18 December 2003</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Mighty River Power Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 15 June 2000</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Millenium Capital Management (New Zealand)</td>
<td>Authorised Futures Dealers (Millenium Capital Management (New Zealand)) Notice 2012</td>
<td>Advising on futures contracts to wholesale clients as a fund manager or as an investment adviser or as an investment manager for a fund manager of a fund.</td>
<td>Dec-17</td>
</tr>
<tr>
<td>MS Capital Management Limited</td>
<td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Aug-17</td>
</tr>
<tr>
<td>New Zealand Assets Management Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1998</td>
<td>Advising in futures contracts for the purpose of its investment portfolio<br /> management business</td>
<td>N/A</td>
</tr>
<tr>
<td>Onepath NZ Limited</td>
<td>Authorised Futures Dealers Notice 1994</td>
<td>Dealing in futures contracts as part of the ordinary course of business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td>
<td>N/A</td>
</tr>
<tr>
<td>Orion New Zealand Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Pacific Financial Derivatives Limited</td>
<td>Authorised Futures Dealers (Pacific Financial Derivatives Limited) Notice 2011</td>
<td>Dealing in futures contracts generally</td>
<td>Sep-14</td>
</tr>
<tr>
<td>Pure Capital Limited</td>
<td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Aug-17</td>
</tr>
<tr>
<td>QS Investors LLC</td>
<td>Authorised Futures Dealers (QS Investors LLC) Notice 2011</td>
<td>Advising on futures contracts to wholesale clients</td>
<td>Apr-16</td>
</tr>
<tr>
<td>RMB Australia Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Savings and Investments Limited</td>
<td>Authorised Futures Dealers (Savings and Investments Limited) Notice 2009</td>
<td>Issuing a foreign exchange futures contract that is a unit in a Unit Trust of which the Company is the manager.</td>
<td>Oct-14</td>
</tr>
<tr>
<td>Shell Eastern Trading Pte Limited</td>
<td>Authorised Futures Dealers (Shell Eastern Trading Pte Limited) Notice 2011</td>
<td>Issuing oil price futures contracts or carbon price futures contracts to wholeshale clients</td>
<td>Jul-16</td>
</tr>
<tr>
<td>Simply Energy Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 7 April 2011</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Strategic Capital Markets Limited</td>
<td>Authorised Futures Dealers (Strategic Capital Markets Limited) Notice 2011</td>
<td>Providing a futures adviser or introducing broker or managed account service</td>
<td>Sep-14</td>
</tr>
<tr>
<td>Tararua Wind Power Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 8 October 1998</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Total Utilities Management Group</td>
<td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 24 November 2011</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Tower Financial Services Group Limited</td>
<td>Authorised Futures Dealers (No.12) Notice 1994</td>
<td>Dealing in futures contracts as part of the ordinary course of business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td>
<td>N/A</td>
</tr>
<tr>
<td>Trafalgar Copley Limited</td>
<td>Authorised Futures Dealers (No.2) Notice 2007 - amended 31 May 2012</td>
<td>Advising on futures contracts to wholesale clients as an investment adviser or as an investment manager for a fund manager of a fund.</td>
<td>Apr-17</td>
</tr>
<tr>
<td>TransPower New Zealand Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>TrustPower Limited</td>
<td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 8 July 1999</td>
<td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td>
<td>N/A</td>
</tr>
<tr>
<td>Tyndall Investment Management New Zealand Limited</td>
<td>Authorised Futures Dealers (No.2) Notice 1996</td>
<td>Dealing in futures contracts as part of the ordinary course of business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td>
<td>N/A</td>
</tr>
</tbody>
</table>
<p><em>Note - should you try to access the Notices on the <a href="http://www.dia.govt.nz/Services-New-Zealand-Gazette-Index">New Zealand Gazette</a>, you should refine the search to the full name of the Notice and the year of publication; or if it is an amended Notice, the full name of the Notice and the year of the amendment.</em></p>
<h2><strong>Authorised Futures Exchanges and Authorised Futures Dealers Notices which include more than one entity</strong></h2>
<ul>
<li><strong>Authorised Futures Exchanges</strong></li>
</ul>
<p>No person may carry on the business of dealing in futures contracts unless that person is authorised by the FMA, or has been approved under the rules of an authorised futures exchange to carry on the business of dealing in futures contracts in accordance with the rules of that exchange. The authorised futures exchanges include:</p>
<ul>
<li>NZX Limited (the NZX Derivatives Market)</li>
<li>Australian Securities Exchange Limited (the ASX 24 Market)</li>
<li>ICE Futures Europe</li>
</ul>
<p>Currently only NZX Derivative Market Participants would qualify as being approved under the rules of an authorised futures exchange to carry on the business of dealing in futures contracts.</p>
<ul>
<li><strong>Authorised Futures Dealers Notice (no.4) 2004</strong></li>
</ul>
<p>Every ASX24 Participant is authorised to carry on the business of dealing in futures contracts that are made on or effected through the ASX 24 Market.<br /> <br /> ASX 24 Participants would need to seek further authorisation from FMA in order to deal with New Zealand clients in over-the-counter futures contracts or contracts offered on other exchanges.</p>
<ul>
<li><strong>Authorised Futures Dealers (NZCDC Settlement System and NZX Derivatives Market) Notice 2010</strong></li>
</ul>
<p>New Zealand Clearing and Depository Corporation Limited's (NZCDC) wholly owned subsidiaries, NZ Clearing Limited, NZ Depository Limited and NZ Depository Nominees Limited are authorised to carry on the business of dealing in futures contracts generally for the purpose of, or in connection with, the operation of the NZCDC settlement system.<br /> <br /> Similarly, every person who is both a clearing participant and depository participant is authorised to carry on the business of dealing in futures contracts generally for the purpose of the NZCDC settlement system.</p>
<ul>
<li><strong>Authorised Futures Dealers (Financial Transmission Rights) Notice 2012</strong></li>
</ul>
<p>The Electricity Industry Participation of Code 2010 (the Code) allows for the creation and auctioning of financial transmission rights (FTRs) in an inter-island FTR market. The Authorised Futures Dealers (Financial Transmission Rights) Notice 2012 authorises the FTR manager and Clearing Manager. Energy Market Services (a commercial business group within Transpower NZ Ltd) and NZX Limited have been appointed by the Electricity Authority to perform the respective roles of FTR manager & Clearing manager under the Code) to deal in futures contracts that are FTRs as part of their respective roles managing the FTR auctions and settlement of FTRs under the Code.</p>
<ul>
<li><strong>Authorised Future Dealers (iPredict Limited) Notice 2011</strong></li>
</ul>
<p>iPredict Limited operates a predictions market. The contracts which may be traded on the market are contracts linked to political, economic or sociological events. These contracts are declared to be futures contacts pursuant to the Futures Contracts (iPredict Limited) Declaration and Exemption Notice 2008. iPredict is authorised to carry on the business of dealing in futures contract to which the market provider or clearing house, is or intends, to be a party and which are traded on its market. A condition of its authorisation is that iPredict's website must contain, in a prominent place, a statement to the effect that the markets operated by the market provider are intended as research and educational facility, not as an investment market or a gambling facility, and the market provider has been authorised to act as a futures dealer, and the contracts traded are treated as futures contracts in New Zealand law, in order to provide certainty as to the legal treatment of the contracts. iPredict's exemption also includes financial caps on the amounts participants can deposit into, and hold in, their accounts.</p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(takeovers)-exemption-notice-2013/Securities Act (Takeovers)2013-04-18T16:42:01+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Takeovers) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_55__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Securities Act (Takeovers) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(rights,-options,-and-convertible-securities)-exemption-notice-2013/Securities Act (Rights, Options, and Convertible Securities)2013-04-18T16:41:20+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Rights, Options, and Convertible Securities) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_65__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Securities Act (Rights, Options, and Convertible Securities) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(renewals-and-variations)-exemption-notice-2013/Securities Act (Renewals and Variations)2013-04-18T16:40:40+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Renewals and Variations) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_53__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Securities Act (Renewals and Variations) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(overseas-listed-issuers)-exemption-amendment-notice-2013/Securities Act (Overseas Listed Issuers)2013-04-18T16:40:16+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Overseas Listed Issuers) Exemption Amendment Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/public/2002/0326/latest/DLM164014.html"> Securities Act (Overseas Listed Issuers) Exemption Amendment Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(overseas-employee-share-purchase-schemes)-exemption-amendment-notice-2013/Securities Act (Overseas Employee Share Purchase Schemes)2013-04-18T16:39:46+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Overseas Employee Share Purchase Schemes) Exemption Amendment Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2002_329__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Securities Act (Overseas Employee Share Purchase Schemes) Exemption Amendment Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(overseas-companies)-exemption-notice-2013/Securities Act (Overseas Companies)2013-04-18T16:39:10+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Overseas Companies) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_66__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Securities Act (Overseas Companies) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(industrial-and-provident-societies)-exemption-notice-2013/Securities Act (Industrial and Provident Societies)2013-04-18T16:38:14+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Industrial and Provident Societies) Exemption Notice 2013</div><div id="body"><p><a 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Societies)2013-04-18T16:35:08+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Building Societies) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_56__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Securities Act (Building Societies) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(australian-issuers-transitional-provision)-exemption-notice-2013/Securities Act (Australian Issuers-Transitional Provision)2013-04-18T16:34:39+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Australian Issuers-Transitional Provision) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_58__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Securities Act (Australian Issuers-Transitional Provision) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(overseas-issuers)-exemption-notice-2013/Financial Reporting Act 1993 (Overseas Issuers)2013-04-18T16:33:16+13:00Financial Markets Authority<div id="teaser-text">Financial Reporting Act (Overseas Issuers) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_62__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Financial Reporting Act (Overseas Issuers) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(overseas-companies)-exemption-notice-2013/Financial Reporting Act 1993 (Overseas Companies)2013-04-18T16:32:57+13:00Financial Markets Authority<div id="teaser-text">Financial Reporting Act (Overseas Companies) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_60__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Financial Reporting Act (Overseas Companies) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(dual-listed-issuers)-exemption-notice-2013/Financial Reporting Act 1993 (Dual-Listed Issuers)2013-04-18T16:30:52+13:00Financial Markets Authority<div id="teaser-text">Financial Reporting Act (Dual-Listed Issuers) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_61__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Financial Reporting Act (Dual-Listed Issuers) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(australian-issuers)-exemption-notice-2013/Financial Reporting Act 1993 (Australian Issuers)2013-04-18T16:29:43+13:00Financial Markets Authority<div id="teaser-text">Financial Reporting Act (Australian Issuers) Exemption Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ad_regulation___2013_63__25_an%40bn%40rc%40dn%40apub%40aloc%40apri%40apro%40aimp%40bgov%40bloc%40bpri%40bmem%40rpub%40rimp_rc%40ainf%40anif%40bcur%40rinf%40rnif_h_aw_se&p=1"> Financial Reporting Act (Australian Issuers) Exemption Notice 2013 </a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(benvale-park-limited)-exemption-notice-2013/Securities Act (Benvale Park Limited)2013-04-12T15:18:03+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Benvale Park Limited) Exemption Notice 2013</div><div id="body"><p><a href="/media/1625775/securities-act-benvale-park-limited-exemption-notice-2013.pdf">Securities Act (Benvale Park Limited) Exemption Notice 2013</a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/trustee-and-nominee-exemptions/Exemption for Trustee Corporations and Nominee Companies under Section 31 of the Securities Markets Act 19882013-04-12T15:11:28+13:00Financial Markets Authority<div id="teaser-text">Corporations and Companies which have notified the Commission that they have opted in to the exemption from obligations to disclose substantial security holdings.</div><div id="body"><p>Section 31 of the Securities Markets Act 1988 provides an exemption for trustee corporations and nominee companies from certain obligations to disclose substantial security holdings.</p>
<p>Under that section, a person (A) need not comply with any of sections 22 to 25 in relation to 1 or more substantial holdings in 1 or more public issuers if - (a) A has that substantial holding merely because A acts for another person in the ordinary course of business as a trustee corporation or a nominee company; and (b) A has opted in to this exemption by written notice to FMA (and not withdrawn the notice by further written notice to FMA).</p>
<p>The Trustee Corporations and Nominee Companies which have notified FMA that they have opted in to this exemption are listed below.</p>
<table border="0">
<thead>
<tr><th>Name of Trustee Corporation/Nominee Company (Company Number)</th><th>Date of receipt of written notice</th></tr>
</thead>
<tbody>
<tr>
<td>HSBC Nominees (New Zealand) Limited (303862)</td>
<td>5 August 2010</td>
</tr>
<tr>
<td>Private Nominees Limited (1566053 )</td>
<td>24 February 2010</td>
</tr>
<tr>
<td>TEA Custodians (ASB Bond PIE) Limited (CN2213617)</td>
<td>27 February 2009</td>
</tr>
<tr>
<td>TEA Custodians (FBL) Limited (CN2203480)</td>
<td>27 January 2009</td>
</tr>
<tr>
<td>
<p>Public Trust and related companies:</p>
<ul>
<li>A<span><span>ccordia Nominees Limited (CN 2324788)</span></span></li>
<li><span><span>AON KiwiSaver Nominees Limited (CN4007818)</span></span></li>
<li><span><span>Generate KiwiSaver Public Trust Nominee Limited (CN 4135738)<br /> </span></span></li>
<li>I<span><span>ntegral Nominees Limited (CN 3224468)</span></span></li>
<li>King Tide Nominees Limited (CN 3669432)</li>
<li>Lancashire Limited (CN881234)</li>
<li>Masterportfolio Nominees Limited (CN847011)</li>
<li>Mint Nominees Limited (CN1893819)</li>
<li>MT Nominees Limited (CN4000278)</li>
<li>Newburg Nominees Limited (CN398835)</li>
<li>New Zealand Permanent Trustees Limited (CN158700)</li>
<li>NZPT Custodians (Grosvenor) Limited (CN1472314)</li>
<li>NZPT Heartland ABCP Security Trustee Limited (CN 1972209)</li>
<li>Pathfinder Nominees Limited (CN2136926)</li>
<li>Permanent Nominees Limited (CN520754)</li>
<li>P<span><span>erpetual Asset Management Nominees Limited (CN 2414490)</span></span></li>
<li>Plato Nominees Limited (CN638865)</li>
<li><span><span><span>PM</span> Capital NZ Nominees Limited (CN 2289913)</span></span></li>
<li>Portfolio Nominees Limited (CN876210)</li>
<li>Proteus Limited (CN599751)</li>
<li>Public Nominees Limited (CN349880)</li>
<li>Public Trust Class 10 Nominees Limited (CN 3476134)</li>
<li>Public Trust Class 20 Nominees Limited (CN 3476331)</li>
<li>Public Trust Class 30 Nominees Limited (CN3999818)</li>
<li>Public Trust Class 50 Nominees Limited (CN 4384663)</li>
<li>Public Trust NZCS Nominees Limited (formerly P<span><span>ublic Trust Aoraki Nominees Limited) (CN 3241507)</span></span></li>
<li>Public Trust RIF Nominees Limited (formerly IIS Nominees Limited) (CN3379031)</li>
<li>Public Trust SRIM Nominee Limited (CN 4187398)</li>
<li>Sirius Wealth Management Nominees Limited (CN2055502)</li>
<li>S<span><span>RF Nominees Limited (CN 3370173)</span></span></li>
<li><span><span>Staples Rodway KiwiSaver Scheme Nominees Limited (CN4003358)</span></span></li>
<li><span><span>SuperLife Nominees Limited (CN 4135659)<br /> </span></span></li>
<li>Tepler Nominees Limited (CN1843111)</li>
<li>T<span><span>yndall Investment Nominees Limited (CN 3337990)</span></span></li>
<li>Windley Nominees Limited (CN335499)</li>
</ul>
</td>
<td>4 September 2008</td>
</tr>
<tr>
<td>
<p>The New Zealand Guardian Trust Company Limited (CN115240) and its following subsidiaries:</p>
<ul>
<li>AAI Nominees Limited (CN3957899)</li>
<li>AMP KiwiSaver Scheme Nominees Limited (CN1965649)</li>
<li>BNZ Investment Services Nominees Limited (CN2163959)</li>
<li>BTNZ KiwiSaver Nominees Limited (CN1931088)</li>
<li>BTNZ Unit Trust Nominees Limited (CN082590)</li>
<li>Cash Unit Trust Nominees Limited (CN1988787)</li>
<li>Customhouse Nominees Limited (CN815515)</li>
<li>Customhouse Nominees No. 2 Limited (CN895699)</li>
<li>Diversified Nominees Limited (CN2106800)</li>
<li>Foundation Nominees Limited (CN1738127)</li>
<li>Fund Nominees Limited (CN2103732)</li>
<li>GT Nominees Limited (CN819538)</li>
<li>Guardian Nominees Limited (CN417736)</li>
<li>Guardian Nominees No. 2 Limited (CN387830)</li>
<li>Guardian Trust Fidelity Nominees Limited (CN161631)</li>
<li>Guardian Trust Fund Nominees Limited (CN2115560)</li>
<li>Guardian Trust Investment Nominees (RWT) Limited (CN854255)</li>
<li>Guardian Trust Investment Nominees Limited (CN076900)</li>
<li>Guardian Trust Nominees Limited (CN060588)</li>
<li>Heartland PIE Nominees Limited (CN2183068)</li>
<li>Home Loan Nominees Limited (CN1024740)</li>
<li>Home Mortgage Nominees Limited (CN1633514)</li>
<li>Investment Suite Nominees Limited (CN1517367)</li>
<li>NZGT Nominees Limited (CN563020)</li>
<li>NZGT Trust Management Limited (CN1927043)</li>
<li>Pageant Limited (CN616462)</li>
<li>PMIT Nominees Limited (CN1529081)</li>
<li>Premier Nominees Limited (CN379465)</li>
<li>Private Portfolio Service Nominees Limited (CN433592)</li>
<li>Propertyfinance Funding Nominees Limited (CN1299888)</li>
<li>TIM Nominees Limited (CN042708)</li>
<li>TSB PIE Limited (CN2119340)</li>
<li>WINZ Nominees Limited (CN858957)</li>
</ul>
</td>
<td>26 August 2008</td>
</tr>
<tr>
<td>First NZ Capital Custodians Limited (CN22522)</td>
<td>25 June 2008</td>
</tr>
<tr>
<td>FNZ Custodians Limited (CN1185808)</td>
<td>23 June 2008</td>
</tr>
<tr>
<td>ASB Nominees Limited (CN968320)</td>
<td>5 June 2008</td>
</tr>
<tr>
<td>Asset Custodian Nominees Limited (CN1157915)</td>
<td>30 May 2008</td>
</tr>
<tr>
<td>Citibank Nominees (New Zealand) Limited (CN256875)</td>
<td>19 May 2008</td>
</tr>
<tr>
<td>Palliser Nominees Limited (CN614458)</td>
<td>19 May 2008</td>
</tr>
<tr>
<td>
<p>Perpetual Trust Limited (CN142894) and its following subsidiaries:</p>
<ul>
<li>AMP NZ Office Lambton Quay Limited (CN877581)</li>
<li>D C Larsen & Co Limited (CN150525)</li>
<li>Pegasus Investment Fund Limited (CN139559)</li>
<li>Streat Property Fund Limited (CN560780)</li>
<li>Crawford Property Fund Limited (CN951835)</li>
<li>Goodman Property Aggregated Limited (CN956209)</li>
<li>Arvensis Holdings Limited (CN549785)</li>
<li>NZ Foundation Nominees Limited (CN151605)</li>
<li>Diversified Mortgage Trust No 1 Limited (CN1800747)</li>
<li>Perpetual Trust Services Limited (CN148782)</li>
<li>Perpetual Nominees Christchurch Limited (CN133742)</li>
<li>Insignis Nominees Limited (CN445947)</li>
<li>Victoria Street Holdings Limited (CN1149559)</li>
<li>Goodman (Highbrook) Limited (CN1520566)</li>
<li>AMP NZ Property Securities Limited (CN960227)</li>
<li>AMP NZ Property Developments Limited (CN960234)</li>
<li>AMP NZ Property Commercial Limited (CN960232)</li>
<li>AMP NZ Property Industrial Limited (CN960222)</li>
<li>AMP NZ Property Retail Limited (CN960221)</li>
<li>AMP NZ Office Waterfront Tower Limited (CN1020571)</li>
<li>AMP NZ Office Featherston Street Limited (CN877577)</li>
<li>AMP NZ Office 151 Queen Street Limited (CN872197)</li>
<li>Sapphire Securities Limited (CN1248216)</li>
<li>AMP NZ Office 1 The Terrace Limited (CN878232)</li>
<li>AMP NZ Office Quay Tower Limited (CN877583)</li>
<li>AMP NZ Office Albert Street Limited (CN878233)</li>
<li>AMP NZ Office Pastoral Limited (CN1473366)</li>
<li>Valetta Holdings Limited (CN630633)</li>
<li>AMP NZ Office Willis Street Limited (CN1516094)</li>
<li>AMP NZ Office The Park Limited (CN1516093)</li>
<li>AMP Property Portfolio Investments Limited (CN1691630)</li>
<li>AMP NZ Office Mayfair Limited (CN1696857)</li>
<li>Australian Property Holdings Limited (CN1703912)</li>
<li>AMP NZ Office 80 The Terrace Limited (CN1892123)</li>
<li>AMP NZ Office 21 Queen Street Limited (CN1921928)</li>
<li>AMP NZ Office Brandon Street Limited (CN1921517)</li>
<li>AMP NZ Office 21 Queen Freehold Limited (CN1921898)</li>
<li>Active Equities Limited (CN935599)</li>
<li>Great Northern Developments Limited (CN1969702)</li>
<li>AMP Property Portfolio Limited (CN2086790)</li>
<li>AMP NZ Office Chews Lane Limited (CN2094255)</li>
<li>AMP Capital Property Portfolio Limited (CN2099677)</li>
</ul>
</td>
<td>16 May 2008</td>
</tr>
<tr>
<td>Custodial Services Limited (CN640479)</td>
<td>12 May 2008</td>
</tr>
<tr>
<td>
<p>Trustees Executors Limited (CN142877) and its following subsidiaries:</p>
<ul>
<li>New Scotland Nominees Limited (CN457692)</li>
<li>APRC NZ Nominee Limited (CN1037142)</li>
<li>Trustees Executors Custodians (BER) Limited (CN1867952)</li>
<li>IFR Nominees Limited (CN618193)</li>
<li>Trustees Executors Mortgage Holdings Limited (CN603753)</li>
<li>T E A Nominees Limited (CN149723)</li>
<li>Local Authority Bond Trust Nominee Limited (CN912433)</li>
<li>Trustees Executors Custodians (Bluestone) Limited (CN1262493)</li>
<li>TEA Custodians (Oceania) Limited (CN1643263)</li>
<li>Trustees Executors Custodians (Kauri) Limited (CN1810713)</li>
<li>Trustees Executors Superannuation Limited (CN1175384)</li>
<li>Custody and Investment Nominees Limited (CN603955)</li>
<li>TOWER Property Nominees Limited (CN580655)</li>
<li>FM Custodians Limited (CN1037365)</li>
<li>Trustees Executors Custodians (Pacific) Limited (CN1045105)</li>
<li>Trustees Executors Investments Limited (CN149596)</li>
<li>Trustees Executors and Advisors Limited (CN632856)</li>
<li>The Trustees, Executors, and Agency Company of New Zealand Limited (CN953926)</li>
<li>TEA Custodians (Pioneer Capital) Limited (CN2023256)</li>
<li>Equitable Property Holdings Limited (CN836907)</li>
<li>TEA Custodians (Pacific) Limited (CN938618)</li>
<li>Lighthouse Superannuation Nominees Limited (CN37388)</li>
<li>T.E.A. Custodians Limited (CN280108)</li>
<li>TEA Custodians (Interstar) Limited (CN896418)</li>
<li>Trustees Executors Custodians (Foundation) Limited (CN1742138)</li>
<li>Foundation Custodians Limited (CN1742098)</li>
<li>TEL Mortgage Nominees (No 74) Limited (CN1897036)</li>
<li>Tasman Funds Management Limited (CN550359)</li>
<li>T.E.A. Custodians (SeniorCare) Limited (CN801179)</li>
<li>PCS Investment Nominees Limited (CN849440)</li>
<li>TEA Custodians (CHPT) Limited (CN939010)</li>
<li>TEA Custodians (Bluestone) Limited (CN126490)</li>
<li>Bonus Bonds Custodians Limited (CN474341)</li>
<li>Trustees Executors Custodians (Interstar) Limited (CN1471871)</li>
<li>TEA Custodians (Kauri) Limited (CN1810711)</li>
<li>Trustees Executors Custodians (Finance Management) Limited (CN1939251)</li>
<li>Trustees Executors Custodians (Pepper) Limited (CN3437891)</li>
<li>Pepper New Zealand (Custodians) Limited (CN3437871)</li>
<li>TEA Custodians (IEF) Limited (CN 3672173)</li>
<li>TEL Security Trustee (LGFA) Limited (CN 3666012)</li>
</ul>
</td>
<td>15 April 2008</td>
</tr>
</tbody>
</table></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(real-property-developments)-exemption-amendment-notice-2013/Securities Act (Real Property Developments)2013-04-05T16:36:32+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Real Property Developments) Exemption Amendment Notice 2013</div><div id="body"><p><a href="http://www.legislation.govt.nz/regulation/public/2007/0378/latest/DLM1061397.html"> Securities Act (Real Property Developments) Exemption Amendment Notice 2013</a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(mighty-river-power-limited-crown-share-offer)-exemption-notice-2013/Securities Act (Mighty River Power Limited Crown share offer)2013-04-05T13:48:52+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Mighty River Power Limited Crown share offer) Exemption Notice 2013</div><div id="body"><p>Expires: Clauses 5 to 9: 31 March 2014;<br /> Clauses 10 and 11: 30 November 2015</p>
<p><a href="/media/1624392/securities-act-mighty-river-power-limited-crown-share-offer-exemption-notice-2013.pdf">Securities Act (Mighty River Power Limited Crown share offer) Exemption Notice 2013</a></p></div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(bt-investment-management-(re)-limited-and-bt-investment-management-(fund-services)-limited)-exemption-notice-2013/Securities Act (BT Investment Management (RE) Limited and BT Investment Management (Fund Services) Limited)2013-04-03T11:25:39+13:00Financial Markets Authority<div id="teaser-text">Securities Act (BT Investment Management (RE) Limited and BT Investment Management (Fund Services) Limited) Exemption Notice 2013</div><div id="body"><p><a href="/media/1623907/securities-act-bt-investment-management-ltd-exemption-notice-2013.pdf">Securities Act (BT Investment Management (RE) Limited and BT Investment Management (Fund Services) Limited) Exemption Notice 2013</a></p></div>http://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/iwiinvestor/update-for-10073/Update for 100732013-04-02T14:20:05+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/iwiinvestor/update-for-10073-(1)/Update for 10073 (1)2013-04-02T14:20:05+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/generate-kiwisaver-scheme/GENERATE KIWISAVER SCHEME2013-04-02T14:20:05+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/generate-kiwisaver-scheme/update-for-10074/Update for 100742013-04-02T14:20:05+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/bnz-kiwisaver-scheme/BNZ KIWISAVER SCHEME2013-04-02T14:20:05+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/bcf-kiwisaver-scheme/update-for-10071/Update for 100712013-04-02T14:20:04+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/nz-funds-kiwisaver-scheme/NZ FUNDS KIWISAVER SCHEME2013-04-02T14:20:04+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/nz-funds-kiwisaver-scheme/update-for-10072/Update for 100722013-04-02T14:20:04+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/nz-funds-kiwisaver-scheme/update-for-10072-(1)/Update for 10072 (1)2013-04-02T14:20:04+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/iwiinvestor/IWIINVESTOR2013-04-02T14:20:04+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/milford-kiwisaver-plan/update-for-10069/Update for 100692013-04-02T14:20:03+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/milford-kiwisaver-plan/update-for-10069-(1)/Update for 10069 (1)2013-04-02T14:20:03+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/kiwibank-kiwisaver-scheme/KIWIBANK KIWISAVER SCHEME2013-04-02T14:20:03+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/kiwibank-kiwisaver-scheme/update-for-10070/Update for 100702013-04-02T14:20:03+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/kiwibank-kiwisaver-scheme/update-for-10070-(1)/Update for 10070 (1)2013-04-02T14:20:03+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/bcf-kiwisaver-scheme/BCF KIWISAVER SCHEME2013-04-02T14:20:03+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/foodstuffs-(wellington)-kiwisaver-scheme/update-for-10068/Update for 100682013-04-02T14:20:02+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/foodstuffs-(wellington)-kiwisaver-scheme/update-for-10068-(1)/Update for 10068 (1)2013-04-02T14:20:02+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/milford-kiwisaver-plan/MILFORD KIWISAVER PLAN2013-04-02T14:20:02+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/srf-kiwisaver-scheme/update-for-10065-(1)/Update for 10065 (1)2013-04-02T14:20:01+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/srf-kiwisaver-scheme/update-for-10065-(2)/Update for 10065 (2)2013-04-02T14:20:01+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/forsyth-barr-kiwisaver-scheme/FORSYTH BARR KIWISAVER SCHEME2013-04-02T14:20:01+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/forsyth-barr-kiwisaver-scheme/update-for-10067/Update for 100672013-04-02T14:20:01+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/forsyth-barr-kiwisaver-scheme/update-for-10067-(1)/Update for 10067 (1)2013-04-02T14:20:01+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/foodstuffs-(wellington)-kiwisaver-scheme/FOODSTUFFS (WELLINGTON) KIWISAVER SCHEME2013-04-02T14:20:01+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/msf-kiwisaver-scheme/MSF KIWISAVER SCHEME2013-04-02T14:20:00+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/msf-kiwisaver-scheme/update-for-10064/Update for 100642013-04-02T14:20:00+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/srf-kiwisaver-scheme/SRF KIWISAVER SCHEME2013-04-02T14:20:00+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/srf-kiwisaver-scheme/update-for-10065/Update for 100652013-04-02T14:20:00+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/hexion-kiwisaver-scheme/HEXION KIWISAVER SCHEME2013-04-02T14:19:59+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/hexion-kiwisaver-scheme/update-for-10062/Update for 100622013-04-02T14:19:59+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/foodstuffs-kiwisaver-scheme/FOODSTUFFS KIWISAVER SCHEME2013-04-02T14:19:59+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/foodstuffs-kiwisaver-scheme/update-for-10063/Update for 100632013-04-02T14:19:59+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/foodstuffs-kiwisaver-scheme/update-for-10063-(1)/Update for 10063 (1)2013-04-02T14:19:59+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/foodstuffs-kiwisaver-scheme/update-for-10063-(2)/Update for 10063 (2)2013-04-02T14:19:59+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/stevenson-group-kiwisaver-scheme/STEVENSON GROUP KIWISAVER SCHEME2013-04-02T14:19:58+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/stevenson-group-kiwisaver-scheme/update-for-10058/Update for 100582013-04-02T14:19:58+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/stevenson-group-kiwisaver-scheme/update-for-10058-(1)/Update for 10058 (1)2013-04-02T14:19:58+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/stevenson-group-kiwisaver-scheme/update-for-10058-(2)/Update for 10058 (2)2013-04-02T14:19:58+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/ravensdown-kiwisaver-scheme/update-for-10056-(1)/Update for 10056 (1)2013-04-02T14:19:57+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/ravensdown-kiwisaver-scheme/update-for-10056-(2)/Update for 10056 (2)2013-04-02T14:19:57+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/ravensdown-kiwisaver-scheme/update-for-10056-(3)/Update for 10056 (3)2013-04-02T14:19:57+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/brook-professional-kiwisaver-scheme/BROOK PROFESSIONAL KIWISAVER SCHEME2013-04-02T14:19:57+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/brook-professional-kiwisaver-scheme/update-for-10057/Update for 100572013-04-02T14:19:57+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/brook-professional-kiwisaver-scheme/update-for-10057-(1)/Update for 10057 (1)2013-04-02T14:19:57+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/craigs-investment-partners-kiwistart-defined-scheme/update-for-10054/Update for 100542013-04-02T14:19:56+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/craigs-investment-partners-kiwistart-defined-scheme/update-for-10054-(1)/Update for 10054 (1)2013-04-02T14:19:56+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/ravensdown-kiwisaver-scheme/RAVENSDOWN KIWISAVER SCHEME2013-04-02T14:19:56+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/ravensdown-kiwisaver-scheme/update-for-10056/Update for 100562013-04-02T14:19:56+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/psbg-kiwisaver-scheme/update-for-10052/Update for 100522013-04-02T14:19:55+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/smartshares-kiwisaver-scheme/SMARTSHARES KIWISAVER SCHEME2013-04-02T14:19:55+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/smartshares-kiwisaver-scheme/update-for-10053/Update for 100532013-04-02T14:19:55+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/smartshares-kiwisaver-scheme/update-for-10053-(1)/Update for 10053 (1)2013-04-02T14:19:55+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/craigs-investment-partners-kiwistart-defined-scheme/CRAIGS INVESTMENT PARTNERS kiwiSTART DEFINED SCHEME2013-04-02T14:19:55+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/update-for-10048-(8)/Update for 10048 (8)2013-04-02T14:19:54+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/koinonia-fund/KOINONIA FUND2013-04-02T14:19:54+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/koinonia-fund/update-for-10050/Update for 100502013-04-02T14:19:54+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/koinonia-fund/update-for-10050-(1)/Update for 10050 (1)2013-04-02T14:19:54+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/psbg-kiwisaver-scheme/PSBG KIWISAVER SCHEME2013-04-02T14:19:54+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/update-for-10048-(3)/Update for 10048 (3)2013-04-02T14:19:53+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/update-for-10048-(4)/Update for 10048 (4)2013-04-02T14:19:53+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/update-for-10048-(5)/Update for 10048 (5)2013-04-02T14:19:53+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/update-for-10048-(6)/Update for 10048 (6)2013-04-02T14:19:53+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/update-for-10048-(7)/Update for 10048 (7)2013-04-02T14:19:53+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/NEW ZEALAND HARBOURS KIWISAVER SCHEME2013-04-02T14:19:52+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/update-for-10048/Update for 100482013-04-02T14:19:52+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/update-for-10048-(1)/Update for 10048 (1)2013-04-02T14:19:52+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/new-zealand-harbours-kiwisaver-scheme/update-for-10048-(2)/Update for 10048 (2)2013-04-02T14:19:52+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/craigs-investment-partners-kiwistart-select-scheme/update-for-10045-(1)/Update for 10045 (1)2013-04-02T14:19:51+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/craigs-investment-partners-kiwistart-select-scheme/update-for-10045-(2)/Update for 10045 (2)2013-04-02T14:19:51+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/fidelity-kiwisaver-scheme/FIDELITY KIWISAVER SCHEME2013-04-02T14:19:51+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/fidelity-kiwisaver-scheme/update-for-10046/Update for 100462013-04-02T14:19:51+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/fidelity-kiwisaver-scheme/update-for-10046-(1)/Update for 10046 (1)2013-04-02T14:19:51+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/craigs-investment-partners-kiwistart-select-scheme/CRAIGS INVESTMENT PARTNERS kiwiSTART SELECT SCHEME2013-04-02T14:19:50+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/craigs-investment-partners-kiwistart-select-scheme/update-for-10045/Update for 100452013-04-02T14:19:50+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/law-retirement-kiwisaver-scheme/LAW RETIREMENT KIWISAVER SCHEME2013-04-02T14:19:49+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/law-retirement-kiwisaver-scheme/update-for-10043/Update for 100432013-04-02T14:19:49+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/law-retirement-kiwisaver-scheme/update-for-10043-(1)/Update for 10043 (1)2013-04-02T14:19:49+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/douglas-pharmaceuticals-kiwisaver-scheme/DOUGLAS PHARMACEUTICALS KIWISAVER SCHEME2013-04-02T14:19:48+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/douglas-pharmaceuticals-kiwisaver-scheme/update-for-10041/Update for 100412013-04-02T14:19:48+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/douglas-pharmaceuticals-kiwisaver-scheme/update-for-10041-(1)/Update for 10041 (1)2013-04-02T14:19:48+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/douglas-pharmaceuticals-kiwisaver-scheme/update-for-10041-(2)/Update for 10041 (2)2013-04-02T14:19:48+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/douglas-pharmaceuticals-kiwisaver-scheme/update-for-10041-(3)/Update for 10041 (3)2013-04-02T14:19:48+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tait-communications-kiwisaver-scheme/update-for-10040/Update for 100402013-04-02T14:19:47+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tait-communications-kiwisaver-scheme/update-for-10040-(1)/Update for 10040 (1)2013-04-02T14:19:47+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tait-communications-kiwisaver-scheme/update-for-10040-(2)/Update for 10040 (2)2013-04-02T14:19:47+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tait-communications-kiwisaver-scheme/update-for-10040-(3)/Update for 10040 (3)2013-04-02T14:19:47+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tait-communications-kiwisaver-scheme/update-for-10040-(4)/Update for 10040 (4)2013-04-02T14:19:47+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tait-communications-kiwisaver-scheme/update-for-10040-(5)/Update for 10040 (5)2013-04-02T14:19:47+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/medical-assurance-society-kiwisaver-plan/update-for-10038/Update for 100382013-04-02T14:19:46+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/medical-assurance-society-kiwisaver-plan/update-for-10038-(1)/Update for 10038 (1)2013-04-02T14:19:46+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/mercer-super-trust-kiwisaver-scheme/MERCER SUPER TRUST KIWISAVER SCHEME2013-04-02T14:19:46+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/mercer-super-trust-kiwisaver-scheme/update-for-10039/Update for 100392013-04-02T14:19:46+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/mercer-super-trust-kiwisaver-scheme/update-for-10039-(1)/Update for 10039 (1)2013-04-02T14:19:46+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tait-communications-kiwisaver-scheme/TAIT COMMUNICATIONS KIWISAVER SCHEME2013-04-02T14:19:46+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/aonsaver-(amt)-scheme/update-for-10036-(1)/Update for 10036 (1)2013-04-02T14:19:45+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/ecolab-kiwisaver-scheme/ECOLAB KIWISAVER SCHEME2013-04-02T14:19:45+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/ecolab-kiwisaver-scheme/update-for-10037/Update for 100372013-04-02T14:19:45+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/ecolab-kiwisaver-scheme/update-for-10037-(1)/Update for 10037 (1)2013-04-02T14:19:45+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/ecolab-kiwisaver-scheme/update-for-10037-(2)/Update for 10037 (2)2013-04-02T14:19:45+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/medical-assurance-society-kiwisaver-plan/MEDICAL ASSURANCE SOCIETY KIWISAVER PLAN2013-04-02T14:19:45+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/fisher-funds-kiwisaver-scheme/update-for-10035-(1)/Update for 10035 (1)2013-04-02T14:19:44+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/fisher-funds-kiwisaver-scheme/update-for-10035-(2)/Update for 10035 (2)2013-04-02T14:19:44+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/fisher-funds-kiwisaver-scheme/update-for-10035-(3)/Update for 10035 (3)2013-04-02T14:19:44+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/fisher-funds-kiwisaver-scheme/update-for-10035-(4)/Update for 10035 (4)2013-04-02T14:19:44+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/aonsaver-(amt)-scheme/AONSAVER (AMT) SCHEME2013-04-02T14:19:44+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/aonsaver-(amt)-scheme/update-for-10036/Update for 100362013-04-02T14:19:44+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/waterfront-industry-kiwisaver-scheme/update-for-10032-(6)/Update for 10032 (6)2013-04-02T14:19:43+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/firstchoice-kiwisaver-scheme/FIRSTCHOICE KIWISAVER SCHEME2013-04-02T14:19:43+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/firstchoice-kiwisaver-scheme/update-for-10033/Update for 100332013-04-02T14:19:43+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/fisher-funds-kiwisaver-scheme/FISHER FUNDS KIWISAVER SCHEME2013-04-02T14:19:43+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/fisher-funds-kiwisaver-scheme/update-for-10035/Update for 100352013-04-02T14:19:43+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/waterfront-industry-kiwisaver-scheme/update-for-10032/Update for 100322013-04-02T14:19:42+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/waterfront-industry-kiwisaver-scheme/update-for-10032-(1)/Update for 10032 (1)2013-04-02T14:19:42+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/waterfront-industry-kiwisaver-scheme/update-for-10032-(2)/Update for 10032 (2)2013-04-02T14:19:42+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/waterfront-industry-kiwisaver-scheme/update-for-10032-(3)/Update for 10032 (3)2013-04-02T14:19:42+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/waterfront-industry-kiwisaver-scheme/update-for-10032-(4)/Update for 10032 (4)2013-04-02T14:19:42+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/waterfront-industry-kiwisaver-scheme/update-for-10032-(5)/Update for 10032 (5)2013-04-02T14:19:42+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/anz-kiwisaver-scheme/update-for-10030-(1)/Update for 10030 (1)2013-04-02T14:19:41+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/national-bank-kiwisaver-scheme/NATIONAL BANK KIWISAVER SCHEME2013-04-02T14:19:41+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/national-bank-kiwisaver-scheme/update-for-10031/Update for 100312013-04-02T14:19:41+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/national-bank-kiwisaver-scheme/update-for-10031-(1)/Update for 10031 (1)2013-04-02T14:19:41+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/waterfront-industry-kiwisaver-scheme/WATERFRONT INDUSTRY KIWISAVER SCHEME2013-04-02T14:19:41+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/supereasy-kiwisaver-superannuation-scheme/update-for-10029/Update for 100292013-04-02T14:19:40+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/supereasy-kiwisaver-superannuation-scheme/update-for-10029-(1)/Update for 10029 (1)2013-04-02T14:19:40+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/supereasy-kiwisaver-superannuation-scheme/update-for-10029-(2)/Update for 10029 (2)2013-04-02T14:19:40+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/anz-kiwisaver-scheme/ANZ KIWISAVER SCHEME2013-04-02T14:19:40+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/anz-kiwisaver-scheme/update-for-10030/Update for 100302013-04-02T14:19:40+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/staples-rodway-kiwisaver-scheme/STAPLES RODWAY KIWISAVER SCHEME2013-04-02T14:19:39+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/staples-rodway-kiwisaver-scheme/update-for-10027/Update for 100272013-04-02T14:19:39+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/staples-rodway-kiwisaver-scheme/update-for-10027-(1)/Update for 10027 (1)2013-04-02T14:19:39+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/lifestages-kiwisaver-scheme/LIFESTAGES KIWISAVER SCHEME2013-04-02T14:19:39+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/lifestages-kiwisaver-scheme/update-for-10028/Update for 100282013-04-02T14:19:39+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/supereasy-kiwisaver-superannuation-scheme/SUPEREASY KIWISAVER SUPERANNUATION SCHEME2013-04-02T14:19:39+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/gareth-morgan-kiwisaver-scheme/update-for-10025/Update for 100252013-04-02T14:19:38+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/gareth-morgan-kiwisaver-scheme/update-for-10025-(1)/Update for 10025 (1)2013-04-02T14:19:38+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/grosvenor-kiwisaver-scheme/GROSVENOR KIWISAVER SCHEME2013-04-02T14:19:38+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/grosvenor-kiwisaver-scheme/update-for-10026/Update for 100262013-04-02T14:19:38+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/grosvenor-kiwisaver-scheme/update-for-10026-(1)/Update for 10026 (1)2013-04-02T14:19:38+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/sil-kiwisaver-scheme/SIL KIWISAVER SCHEME2013-04-02T14:19:37+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/sil-kiwisaver-scheme/update-for-10024/Update for 100242013-04-02T14:19:37+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/sil-kiwisaver-scheme/update-for-10024-(1)/Update for 10024 (1)2013-04-02T14:19:37+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/gareth-morgan-kiwisaver-scheme/GARETH MORGAN KIWISAVER SCHEME2013-04-02T14:19:37+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/superlife/update-for-10022/Update for 100222013-04-02T14:19:36+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/superlife/update-for-10022-(1)/Update for 10022 (1)2013-04-02T14:19:36+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/superlife/update-for-10022-(2)/Update for 10022 (2)2013-04-02T14:19:36+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/westpac-kiwisaver-scheme/WESTPAC KIWISAVER SCHEME2013-04-02T14:19:36+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/westpac-kiwisaver-scheme/update-for-10023/Update for 100232013-04-02T14:19:36+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/asb-kiwisaver-scheme/update-for-10006/Update for 100062013-04-02T14:19:35+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/aon-kiwisaver-scheme/AON KIWISAVER SCHEME2013-04-02T14:19:35+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/aon-kiwisaver-scheme/update-for-10021/Update for 100212013-04-02T14:19:35+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/aon-kiwisaver-scheme/update-for-10021-(1)/Update for 10021 (1)2013-04-02T14:19:35+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/aon-kiwisaver-scheme/update-for-10021-(2)/Update for 10021 (2)2013-04-02T14:19:35+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/superlife/SUPERLIFE2013-04-02T14:19:35+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/amp-wealth-kiwisaver-scheme/update-for-10004-(1)/Update for 10004 (1)2013-04-02T14:19:34+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/amp-wealth-kiwisaver-scheme/update-for-10004-(2)/Update for 10004 (2)2013-04-02T14:19:34+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/amp-wealth-kiwisaver-scheme/update-for-10004-(3)/Update for 10004 (3)2013-04-02T14:19:34+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/amp-kiwisaver-scheme/AMP KIWISAVER SCHEME2013-04-02T14:19:34+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/amp-kiwisaver-scheme/update-for-10005/Update for 100052013-04-02T14:19:34+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/asb-kiwisaver-scheme/ASB KIWISAVER SCHEME2013-04-02T14:19:34+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/mercer-kiwisaver-scheme/MERCER KIWISAVER SCHEME2013-04-02T14:19:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/mercer-kiwisaver-scheme/update-for-10003/Update for 100032013-04-02T14:19:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/mercer-kiwisaver-scheme/update-for-10003-(1)/Update for 10003 (1)2013-04-02T14:19:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/amp-wealth-kiwisaver-scheme/AMP WEALTH KIWISAVER SCHEME2013-04-02T14:19:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/amp-wealth-kiwisaver-scheme/update-for-10004/Update for 100042013-04-02T14:19:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tower-kiwisaver-scheme/update-for-10002/Update for 100022013-04-02T14:19:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tower-kiwisaver-scheme/update-for-10002-(1)/Update for 10002 (1)2013-04-02T14:19:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tower-kiwisaver-scheme/update-for-10002-(2)/Update for 10002 (2)2013-04-02T14:19:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/onepath-kiwisaver-scheme/ONEPATH KIWISAVER SCHEME2013-04-02T14:19:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/onepath-kiwisaver-scheme/update-for-10001/Update for 100012013-04-02T14:19:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/onepath-kiwisaver-scheme/update-for-10001-(1)/Update for 10001 (1)2013-04-02T14:19:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/tower-kiwisaver-scheme/TOWER KIWISAVER SCHEME2013-04-02T14:19:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/list-of-aml-reporting-entities/information-about-the-list-of-amlcft-reporting-entities/Information about the list of AML/CFT Reporting Entities2013-03-27T18:48:55+13:00Financial Markets Authority<div id="teaser-text">Information About The List Of AML/CFT Reporting Entities </div><div id="body">
<p><em><span><span><a
href="http://www.fma.govt.nz/laws-we-enforce/registers/list-of-aml-reporting-entities/">
Return to the list</a></span></span></em></p>
<p><span><span>Businesses that appear on this list have been
identified as reporting entities, supervised by the Financial
Markets Authority, under section 5 of the Anti-Money Laundering and
Countering Financing of Terrorism Act 2009.</span></span>
<span> </span></p>
<p class="MsoNormal"><span><span>Businesses supervised by FMA
include issuers of securities, trustee companies, futures dealers,
collective investment schemes, brokers and financial
advisers.</span></span></p>
<p class="MsoNormal"><span><span>The list represents our current
assessment and will be subject to changes made from time to
time.</span></span></p>
<p class="MsoNormal"><span><span>The list is not complete,
exhaustive nor conclusive. Businesses not on this list but that
meet the definition of reporting entity under the</span> <a
href="http://www.legislation.govt.nz/act/public/2009/0035/latest/DLM2140720.html">
<span>Anti-Money Laundering and Countering Financing of Terrorism
Act 2009</span></a> <span>(the Act) will be subject to the
obligations created by that Act.</span></span></p>
<p class="MsoNormal"><span><span>If you own, or know of a business
that falls within the definition of reporting entity under the Act,
and is one of the types of businesses described above, that is not
on the list, or if your business is on this list and you do not
agree that it falls within the definition of reporting entity under
the Act</span></span> <a
href="mailto:%20aml@fma.govt.nz"><span><span>please contact
us</span></span></a><span><span>.</span></span></p>
<p class="MsoNormal"><span><span>Banks, life insurers and non-bank
deposit takers are supervised by the Reserve Bank of New Zealand
and can access information on the</span></span> <a
href="http://www.rbnz.govt.nz/"><span><span>RBNZ
website</span></span></a><span><span>.</span></span></p>
<p class="MsoNormal"><span><span>Casinos, money service businesses
(including currency exchange and money remittance/transfer),
payroll remittance, lending and other services (including non-bank
non-deposit-taking lenders, debt collection and factoring),
financial leasing, cash transporters, safe deposit/cash storage,
and issuing and managing means of payment (including non-bank
credit card providers) and any other reporting entities not
supervised by the RBNZ or FMA can access information on
the</span></span> <a
href="http://www.dia.govt.nz/"><span><span>Department of Internal
Affairs website.</span></span></a><span> </span></p>
<p class="MsoNormal"><span><span>The list is not an official or
statutory register of reporting entities. It is for information
only.</span></span></p>
<p class="MsoNormal"><span><span>The listing of a business does not
imply FMA has approved of the activities of the business and does
not certify compliance of the business with applicable
legislation.</span></span></p>
<p class="MsoNormal"><span><span>This list does not constitute the
Financial Service Providers Register under the</span> <a
href="http://www.legislation.govt.nz/act/public/2008/0097/latest/DLM1109427.html">
<span>Financial Service Providers (Registration and Dispute
Resolution) Act 2008 No 97 (as at 01 April 2011), Public
Act.</span></a></span></p>
<span><span><a
href="http://www.fma.govt.nz/about-us/what-we-do/anti-money-laundering-and-countering-financing-of-terrorism/">
<span><span>See here for more information on AML/CFT
requirements.</span></span></a></span></span>
</div>http://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/westpac-banking-corporation/Westpac Banking Corporation2013-03-27T18:48:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/westpac-new-zealand-limited/Westpac New Zealand Limited2013-03-27T18:48:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/anz-national-bank-limited/ANZ National Bank Limited2013-03-27T18:48:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/udc-finance-limited/UDC Finance Limited2013-03-27T18:48:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-salvation-army-new-zealand-trust/The Salvation Army New Zealand Trust2013-03-27T18:48:33+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/market-gardeners-limited/Market Gardeners Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/lion-beer,-spirits-wine-(nz)-limited/Lion - Beer, Spirits & Wine (NZ) Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/lion-liquor-retail-limited/Lion Liquor Retail Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-lion-foundation/The Lion Foundation2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/wither-hills-vineyards-marlborough-limited/Wither Hills Vineyards Marlborough Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/csr-viridian-(new-zealand)-limited/CSR Viridian (New Zealand) Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/bank-of-new-zealand/Bank of New Zealand2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/lexisnexis-nz-limited/LexisNexis NZ Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/ravensdown-fertiliser-co-operative-limited/Ravensdown Fertiliser Co-operative Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/wanganui-aero-work-2004-limited/Wanganui Aero Work 2004 Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/foodstuffs-south-island-limited/Foodstuffs South Island Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/murdoch-manufacturing-limited/Murdoch Manufacturing Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/trents-wholesale-limited/Trents Wholesale Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/avery-dennison-materials-new-zealand-limited/Avery Dennison Materials New Zealand Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/bt-financial-group-(nz)-limited/BT Financial Group (NZ) Limited2013-03-27T18:48:32+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rx-plastics-limited-(2)/RX Plastics Limited (2)2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sandvik-new-zealand-limited/Sandvik New Zealand Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/solar-heating-solutions-limited/Solar Heating Solutions Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sony-bmg-music-entertainment-(new-zealand)-limited/Sony BMG Music Entertainment (New Zealand) Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/stanley-tools-(nz)-limited/Stanley Tools (NZ) Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/todd-petroleum-mining-company-limited/Todd Petroleum Mining Company Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/todd-taranaki-limited/Todd Taranaki Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/universal-music-nz-limited/Universal Music NZ Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/usher-group-holdings-limited/Usher Group Holdings Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/valley-industries-limited/Valley Industries Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/astrazeneca-limited/AstraZeneca Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/omv-new-zealand-limited/OMV New Zealand Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/bray-frampton-limited/Bray Frampton Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mainland-tomatoes-limited/Mainland Tomatoes Limited2013-03-27T18:48:31+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-agriseeds-limited/New Zealand Agriseeds Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-lotteries-commission/New Zealand Lotteries Commission2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-post-primary-teachers-association/New Zealand Post Primary Teachers' Association2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/nova-gas-limited/Nova Gas Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/nova-gas-limited-(2)/Nova Gas Limited (2)2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/nyk-line-(new-zealand)-limited/NYK Line (New Zealand) Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/oocl-(new-zealand)-limited/OOCL (New Zealand) Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/pps-industries-limited/PPS Industries Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/preens-dry-cleaners-limited/Preens Dry Cleaners Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rapid-metal-developments-(new-zealand)-limited/Rapid Metal Developments (New Zealand) Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rfd-nz-limited/RFD NZ Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rinnai-new-zealand-limited/Rinnai New Zealand Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/roa-mining-company-limited/Roa Mining Company Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rx-plastics-limited/RX Plastics Limited2013-03-27T18:48:30+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/jlg-equipment-services-inc/JLG Equipment Services Inc2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/k-b-reed-contractors-limited/K & B Reed Contractors Limited2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/kone-elevators-pty-limited/KONE Elevators Pty Limited2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/landcare-research-nz-limited/Landcare Research NZ Limited2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/liberty-financial-pty-limited/Liberty Financial Pty Limited2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/marlborough-district-council/Marlborough District Council2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mckay-shipping-limited/McKay Shipping Limited2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mines-rescue-trust/Mines Rescue Trust2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mitton-electronet-limited/Mitton Electronet Limited2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/naylor-love-enterprises-limited/Naylor Love Enterprises Limited2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-balance-nz-limited/New Balance NZ Limited2013-03-27T18:48:29+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/electronet-services-limited/Electronet Services Limited2013-03-27T18:48:28+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/electronet-transmission-limited/Electronet Transmission Limited2013-03-27T18:48:28+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/g-j-cleaners-(1996)-limited/G & J Cleaners (1996) Limited2013-03-27T18:48:28+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/gallaway-cook-allan/Gallaway Cook Allan2013-03-27T18:48:28+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hawkins-watts-limited/Hawkins Watts Limited2013-03-27T18:48:28+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hokitika-electrical-limited/Hokitika Electrical Limited2013-03-27T18:48:28+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/all-rig-parts-service-limited/All Rig Parts & Service Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/ash-air-(nz)-limited/Ash Air (NZ) Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/associated-marine-insurers-agents-pty-limited/Associated Marine Insurers Agents Pty Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/auckland-gas-company-limited/Auckland Gas Company Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/bay-of-plenty-electricity-limited/Bay of Plenty Electricity Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/clc-auckland-trust-board/CLC Auckland Trust Board2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/coastwide-surveys-limited/Coastwide Surveys Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/contact-energy-limited/Contact Energy Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/dhl-global-forwarding-(new-zealand)-limited/DHL Global Forwarding (New Zealand) Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/diprose-miller-limited/Diprose Miller Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/direct-imports-(nz)-limited/Direct Imports (NZ) Limited2013-03-27T18:48:27+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aa-life-services-limited/AA Life Services Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/asteron-life-limited-life-office-base/Asteron Life Limited Life Office Base2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/comprehensive-travel-insurance-2004-limited/Comprehensive Travel Insurance 2004 Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mariner-underwriters-limited/Mariner Underwriters Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sal-re-limited/SAL Re Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/suncorp-group-services-nz-limited/Suncorp Group Services NZ Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-new-zealand-guardian-trust-company-limited/The New Zealand Guardian Trust Company Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/tyndall-investment-management-new-zealand-limited/Tyndall Investment Management New Zealand Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/vero-insurance-new-zealand-limited/Vero Insurance New Zealand Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/vero-liability-insurance-limited/Vero Liability Insurance Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/3m-new-zealand-limited/3M New Zealand Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/adcock-donaldson-contracting-limited/Adcock & Donaldson Contracting Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/advanced-professional-solutions-limited/Advanced Professional Solutions Limited2013-03-27T18:48:26+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/american-express-international-(nz)-inc/American Express International (NZ) Inc.2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/bluebird-foods-limited/Bluebird Foods Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/british-american-tobacco-(new-zealand)-limited/British American Tobacco (New Zealand) Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/csl-biotherapies-(nz)-limited/CSL Biotherapies (NZ) Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/h-j-heinz-company-(new-zealand)-limited/H J Heinz Company (New Zealand) Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/heinz-watties-limited/Heinz Wattie's Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/kimberley-clark-new-zealand/Kimberley-Clark New Zealand2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/paperlinx-(nz)-limited/Paperlinx (NZ) Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/skycity-management-limited/Skycity Management Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/spicers-paper-new-zealand-limited/Spicers Paper New Zealand Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/spicers-paper-new-zealand-limited-(2)/Spicers Paper New Zealand Limited (2)2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/vodafone-new-zealand-limited/Vodafone New Zealand Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-defence-force/New Zealand Defence Force2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aa-insurance-limited/AA Insurance Limited2013-03-27T18:48:25+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-order-of-st-john-northern-region-(si)-trust/The Order of St John Northern Region (SI) Trust2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-order-of-st-john-northern-region-trust-board/The Order of St John Northern Region Trust Board2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-order-of-st-john-southern-region-trust-board/The Order of St John Southern Region Trust Board2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-wrigley-company-(nz)-limited/The Wrigley Company (NZ) Limited2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/tna-new-zealand-limited/TNA New Zealand Limited2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/vip-plastic-packaging-(nz)-limited/VIP Plastic Packaging (NZ) Limited2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/vip-steel-packaging-(nz)-limited/VIP Steel Packaging (NZ) Limited2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/visy-rigid-packaging-(nz)-limited/Visy Rigid Packaging (NZ) Limited2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/visypet-(nz)-limited/Visypet (NZ) Limited2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/wedderburn-scales-limited/Wedderburn Scales Limited2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/wellington-regional-council/Wellington Regional Council2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/ykk-oceania-limited/YKK Oceania Limited2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/unilever-new-zealand-limited/Unilever New Zealand Limited2013-03-27T18:48:24+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/quadrant-pacific-limited/Quadrant Pacific Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rayonier-new-zealand-limited/Rayonier New Zealand Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/roche-diagnostics-nz-limited/Roche Diagnostics NZ Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/roche-products-(new-zealand)-limited/Roche Products (New Zealand) Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/san-won-limited/San Won Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sanford-limited/Sanford Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/schering-plough-animal-health-limited/Schering-Plough Animal Health Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/solid-energy-new-zealand-limited/Solid Energy New Zealand Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/stockton-alliance-limited/Stockton Alliance Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/swire-shipping-new-zealand-limited/Swire Shipping New Zealand Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/thai-airways-international-public-company-limited/Thai Airways International Public Company Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-loading-company-(nz)-limited/The Loading Company (NZ) Limited2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-new-zealand-institute-for-plant-and-food-research-ltd/The New Zealand Institute for Plant and Food Research Ltd2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-order-of-st-john-central-regional-trust-board/The Order of St John Central Regional Trust Board2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-order-of-st-john-midland-regional-trust-board/The Order of St John Midland Regional Trust Board2013-03-27T18:48:23+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/multiplex-engineering-(nz)-limited/Multiplex Engineering (NZ) Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/multiplex-property-services-(nz)-limited/Multiplex Property Services (NZ) Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/negociants-new-zealand-limited/Negociants New Zealand Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/network-clothing-limited/Network Clothing Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/nhp-electrical-engineering-products-(nz)-limited/NHP Electrical Engineering Products (N.Z.) Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/norgren-limited/Norgren Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/nsk-new-zealand-limited/NSK New Zealand Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/nz-bakels-limited/NZ Bakels Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/office-of-the-controller-and-auditor-general/Office of the Controller and Auditor-General2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/order-of-st-john/Order of St John2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/ppg-industries-new-zealand-limited/PPG Industries New Zealand Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/pricewaterhousecoopers/PricewaterhouseCoopers2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/quadrant-pacific-agencies-limited/Quadrant Pacific Agencies Limited2013-03-27T18:48:22+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hudson-global-resources-(nz)-limited-(2)/Hudson Global Resources (NZ) Limited (2)2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hudson-global-resources-(nz)-limited-(3)/Hudson Global Resources (NZ) Limited (3)2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hudson-global-resources-(nz)-limited-(4)/Hudson Global Resources (NZ) Limited (4)2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hwe-mining-pty-limited/HWE Mining Pty Limited2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/independent-stevedoring-limited/Independent Stevedoring Limited2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/ivoclar-vivadent-limited/Ivoclar Vivadent Limited2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/japan-airlines-international-co-ltd/Japan Airlines International Co. Ltd2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/kiwi-car-carriers-limited/Kiwi Car Carriers Limited2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mattel-(nz)-limited/Mattel (NZ) Limited2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mccallum-industries-limited/McCallum Industries Limited2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mcphersons-consumer-products-(nz)-limited/McPherson's Consumer Products (NZ) Limited2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mcphersons-consumer-products-limited-(2)/McPherson's Consumer Products Limited (2)2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/microsoft-new-zealand-limited/Microsoft New Zealand Limited2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mitsui-co-nz-limited/Mitsui & Co NZ Limited2013-03-27T18:48:21+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/brother-international-(nz)-limited/Brother International (NZ) Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/budget-rent-a-car-limited/Budget Rent A Car Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/cadbury/Cadbury2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/clean-air-management-(2005)-limited/Clean Air Management (2005) Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/coca-cola-amatil-(nz)-limited/Coca-Cola Amatil (N.Z.) Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/colmar-brunton-research-limited/Colmar & Brunton Research Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/colmar-brunton-research-limited-(2)/Colmar Brunton Research Limited (2)2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/danfoss-(new-zealand)-limited/Danfoss (New Zealand) Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/dhl-express-(new-zealand)-limited/DHL Express (New Zealand) Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/dongwha-patinna-nz-limited/Dongwha Patinna NZ Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/flint-group-nz-limited/Flint Group NZ Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/food-standards-australia-new-zealand/Food Standards Australia New Zealand2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hooker-bros-holdings-limited/Hooker Bros. Holdings Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hudson-global-resources-(nz)-limited/Hudson Global Resources (NZ) Limited2013-03-27T18:48:20+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/airpro-mechanical-limited/Airpro Mechanical Limited2013-03-27T18:48:19+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/airpro-scientific-limited/Airpro Scientific Limited2013-03-27T18:48:19+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/airpro-service-limited/Airpro Service Limited2013-03-27T18:48:19+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/avis-rent-a-car-limited/Avis Rent-A-Car Limited2013-03-27T18:48:19+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/bakels-edible-oils-(nz)-limited/Bakels Edible Oils (NZ) Limited2013-03-27T18:48:19+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/bayer-new-zealand-limited/Bayer New Zealand Limited2013-03-27T18:48:19+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/brookfield-multiplex-capital-new-zealand-limited/Brookfield Multiplex Capital New Zealand Limited2013-03-27T18:48:19+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/brookfield-multiplex-constructions-(nz)-limited/Brookfield Multiplex Constructions (NZ) Limited2013-03-27T18:48:19+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/brookfield-multiplex-developments-(nz)-limited/Brookfield Multiplex Developments (NZ) Limited2013-03-27T18:48:19+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/warehouse-stationery-limited/Warehouse Stationery Limited2013-03-27T18:48:18+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/cigna-life-insurance-new-zealand-limited/CIGNA Life Insurance New Zealand Limited2013-03-27T18:48:18+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-aluminium-smelters-limited/New Zealand Aluminium Smelters Limited2013-03-27T18:48:18+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rio-tinto-aluminium-(new-zealand)-limited/Rio Tinto Aluminium (New Zealand) Limited2013-03-27T18:48:18+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/agfa-gevaert-nz-limited/Agfa-Gevaert NZ Limited2013-03-27T18:48:18+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/airpro-airconditioning-limited/Airpro Airconditioning Limited2013-03-27T18:48:18+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/airpro-group-limited/Airpro Group Limited2013-03-27T18:48:18+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-warehouse-limited/The Warehouse Limited2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/tourism-milford-limited-ta-ultimate-hikes/Tourism Milford Limited t/a Ultimate Hikes2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/trojan-holdings-limited/Trojan Holdings Limited2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/trojan-holdings-ltd-ta-davies-management/Trojan Holdings Ltd t/a Davies Management2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/trojan-holdings-ltd-ta-davies-rentals/Trojan Holdings Ltd t/a Davies Rentals2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/trojan-holdings-ltd-ta-northern-southland-transport-holding/Trojan Holdings Ltd t/a Northern Southland Transport Holding2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/trojan-holdings-ltd-ta-southland-bin-services/Trojan Holdings Ltd t/a Southland Bin Services2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/truck-investments-ltd/Truck Investments Ltd2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/truck-stops-limited/Truck Stops Limited2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/twp-no1-limited/TWP No.1 Limited2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/twp-no2-limited/TWP No.2 Limited2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/ud-truck-distributors-(nz)-limited/UD Truck Distributors (NZ) Limited2013-03-27T18:48:17+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rescare-homes-trust/Rescare Homes Trust2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rescare-management-limited/Rescare Management Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sca-hygiene-australasia-limited/SCA Hygiene Australasia Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sime-darby-automobiles-nz-limited/Sime Darby Automobiles NZ Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sime-darby-motor-group-(nz)-limited/Sime Darby Motor Group (NZ) Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sonoco-new-zealand-limited/Sonoco New Zealand Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sound-archives-nga-taonga-korero-limited/Sound Archives Nga Taonga Korero Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/southern-alpine-recreation-limited/Southern Alpine Recreation Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/southern-lakes-laundries-limited/Southern Lakes Laundries Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/sushi-box-limited/Sushi Box Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/te-oranganui-iwi-health-authority/Te Oranganui Iwi Health Authority2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/television-new-zealand-limited/Television New Zealand Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-warehouse-cellars-limited/The Warehouse Cellars Limited2013-03-27T18:48:16+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/nelson-radiology-limited/Nelson Radiology Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-wool-handlers-limited/New Zealand Wool Handlers Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/north-shore-motor-holdings-limited/North Shore Motor Holdings Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/otago-southland-waste-services-limited/Otago Southland Waste Services Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/pacific-radiology-group-limited/Pacific Radiology Group Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/pacific-radiology-limited/Pacific Radiology Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/pernod-ricard-new-zealand-limited/Pernod Ricard New Zealand Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/perrys-automotive-group-(north-shore)-limited/Perrys Automotive Group (North Shore) Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/pgg-wrightson-limited/PGG Wrightson Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/pinto-limited/Pinto Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/queenstown-snow-business-limited/Queenstown Snow Business Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/radio-new-zealand-limited/Radio New Zealand Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rank-group-limited/Rank Group Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/red-stag-timber-limited/Red Stag Timber Limited2013-03-27T18:48:15+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hydraulic-specialties-(si)-l-imited/Hydraulic Specialties (SI) L imited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hydraulic-specialties-limited/Hydraulic Specialties Limited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hyspecs-technologies-limited/Hyspecs Technologies Limited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/infinity-automotive-limited/Infinity Automotive Limited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/kiwiplan-nz/Kiwiplan NZ2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/kordia-group-limited/Kordia Group Limited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/kordia-limited/Kordia Limited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mainfeeds-limited/Mainfeeds Limited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mainland-poultry-limited/Mainland Poultry Limited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/mataura-licensing-trust/Mataura Licensing Trust2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/methanex-new-zealand-limited/Methanex New Zealand Limited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/motor-truck-distributors-(nz)-limited/Motor Truck Distributors (NZ) Limited2013-03-27T18:48:14+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/continental-car-services-limited/Continental Car Services Limited2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/daiken-new-zealand-limited/Daiken New Zealand Limited2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/dhl-holdings-(new-zealand)-limited/DHL Holdings (New Zealand) Limited2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/dhl-supply-chain-(new-zealand)-limited/DHL Supply Chain (New Zealand) Limited2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/employers-manufacturers-association-(northern)-inc/Employers & Manufacturers Association (Northern) Inc2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fisher-paykel-appliances-holdings-limited/Fisher & Paykel Appliances Holdings Limited2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fisher-paykel-appliances-limited/Fisher & Paykel Appliances Limited2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fisher-paykel-appliances-limited-(2)/Fisher & Paykel Appliances Limited (2)2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fisher-paykel-finance-limited/Fisher & Paykel Finance Limited2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fisher-paykel-finance-limited-(2)/Fisher & Paykel Finance Limited (2)2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fisher-paykel-production-machinery-limited/Fisher & Paykel Production Machinery Limited2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fisher-paykel-production-machinery-limited-(2)/Fisher & Paykel Production Machinery Limited (2)2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/hino-distributors-nz-limited/Hino Distributors NZ Limited2013-03-27T18:48:13+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/base-contracting-limited/Base Contracting Limited2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/bidvest-new-zealand-limited/Bidvest New Zealand Limited2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/boehringer-ingelheim-(nz)-limited/Boehringer Ingelheim (NZ) Limited2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/breastscreen-south-limited/Breastscreen South Limited2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/bv-smm-collins-partnership/BV & SMM Collins Partnership2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/canterbury-breast-care-limited/Canterbury Breast Care Limited2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/carter-holt-harvey-tenon/Carter Holt Harvey - Tenon2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/carter-holt-harvey-carters/Carter Holt Harvey Carters2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/carter-holt-harvey-limited/Carter Holt Harvey Limited2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/carter-holt-harvey-timber-nelson/Carter Holt Harvey Timber - Nelson2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/carter-holt-harvey-whakatane-mill/Carter Holt Harvey Whakatane Mill2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/christchurch-radiology-group-limited/Christchurch Radiology Group Limited2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/citibank-na/Citibank N.A.2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/citigroup-global-markets-new-zealand-limited/Citigroup Global Markets New Zealand Limited2013-03-27T18:48:12+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/lincoln-ventures-limited/Lincoln Ventures Limited2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/massey-university/Massey University2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-school-of-music/New Zealand School of Music2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-universities-academic-audit-unit/New Zealand Universities Academic Audit Unit2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-vice-chancellors-committee/New Zealand Vice-Chancellors' Committee2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-university-of-auckland/The University of Auckland2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-university-of-waikato/The University of Waikato2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/university-of-canterbury/University of Canterbury2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/university-of-otago/University of Otago2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/victoria-university-of-wellington/Victoria University of Wellington2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-police/New Zealand Police2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/allied-queenstown-concrete-limited/Allied Queenstown Concrete Limited2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aorakimount-cook-alpine-village-limited/Aoraki/Mount Cook Alpine Village Limited2013-03-27T18:48:11+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aa-driver-education-foundation/AA Driver Education Foundation2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aa-driver-training-limited/AA Driver Training Limited2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aa-guides-limited/AA Guides Limited2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aa-rewards-limited/AA Rewards Limited2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aa-tourism-limited/AA Tourism Limited2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aa-vehicle-testing-limited/AA Vehicle Testing Limited2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/geosmart-maps-limited/Geosmart Maps Limited2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-new-zealand-automobile-association-incorporated-(1)/The New Zealand Automobile Association Incorporated (1)2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/the-new-zealand-automobile-association-incorporated-(2)/The New Zealand Automobile Association Incorporated (2)2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/auckland-uniservices-limited/Auckland UniServices Limited2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/canterprise-limited/Canterprise Limited2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/lincoln-hospitality-limited/Lincoln Hospitality Limited2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/lincoln-university/Lincoln University2013-03-27T18:48:10+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/livestock-improvement-corporation-limited-(3)/Livestock Improvement Corporation Limited (3)2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/new-zealand-butter-canners-limited/New Zealand Butter Canners Limited2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/rd1-limited/RD1 Limited2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/archdiocese-of-wellington/Archdiocese of Wellington2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/archdiocese-of-wellington-archdiocesan-car-fund/Archdiocese of Wellington Archdiocesan Car Fund2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/caritas-aotearoa-new-zealand/Caritas Aotearoa New Zealand2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/catholic-development-fund/Catholic Development Fund2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/catholic-schools-board-limited/Catholic Schools Board Limited2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/tribunal-of-the-catholic-church-for-new-zealand/Tribunal of the Catholic Church for New Zealand2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/accident-compensation-corporation/Accident Compensation Corporation2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/dispute-resolution-services-limited/Dispute Resolution Services Limited2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aa-auto-service-limited/AA Auto Service Limited2013-03-27T18:48:09+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fonterra-brands-(the-pastryhouse)-limited/Fonterra Brands (The Pastryhouse) Limited2013-03-27T18:48:08+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fonterra-brands-(tip-top)-limited/Fonterra Brands (Tip Top) Limited2013-03-27T18:48:08+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fonterra-co-operative-group-limited/Fonterra Co-operative Group Limited2013-03-27T18:48:08+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/livestock-improvement-corporation-limited/Livestock Improvement Corporation Limited2013-03-27T18:48:08+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/livestock-improvement-corporation-limited-(2)/Livestock Improvement Corporation Limited (2)2013-03-27T18:48:08+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/fairfax-new-zealand-limited/Fairfax New Zealand Limited2013-03-27T18:48:07+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/airways-corporation-of-new-zealand-limited/Airways Corporation of New Zealand Limited2013-03-27T18:48:07+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/aci-operations-nz-limited/ACI Operations NZ Limited2013-03-27T18:48:07+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/dairynz-limited/DairyNZ Limited2013-03-27T18:48:07+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/enforcement/fma-welcomes-commerce-commission-settlement-in-credit-sails-investigation/FMA welcomes Commerce Commission settlement in Credit SaILS investigation2013-03-27T18:48:06+13:00Financial Markets Authority<div id="teaser-text">FMA welcomes Commerce Commission settlement in Credit Sails investigation</div><div id="body">
<p>FMA has today welcomed the Commerce Commission's settlement with
five companies in relation to the Commission's Credit SaILS
investigation, which creates a settlement fund of $60 million to be
distributed to investors who lost money when Credit SaILS failed in
2008.<br />
<br />
Details of the Commission's settlement agreement can be found
<span><a
href="http://www.comcom.govt.nz/media-releases/detail/2012/commerce-commission-secures-60m-for-investors-in-failed-credit-sails-product">
here</a></span>.<br />
<br />
FMA has entered into its own settlement with the Companies in
respect of Credit SaILS. A copy of FMA's settlement agreement can
be found <span><a
href="/media/1341548/fma_settlement_agreement_with_the_companies_in_respect_of_credit_sails.pdf">
here</a></span>.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/registers/Registers2013-03-27T18:48:06+13:00Financial Markets Authority<div id="teaser-text">The Financial Markets Authority oversees a number of registers.</div><div id="body">
<p>The Financial Markets Authority oversees a number of
registers.</p>
<p><a
href="http://www.fma.govt.nz/laws-we-enforce/registers/complying-superannuation-fund-register/">
Complying Superannuation Fund Register</a></p>
<p><a
href="http://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-exempt-employer-listing/">
KiwiSaver Exempt Employer Listing</a></p>
<p><a
href="http://www.fma.govt.nz/laws-we-enforce/registers/kiwisaver-schemes-register/">
KiwiSaver Schemes Register</a></p>
<p><a
href="/laws-we-enforce/registers/list-of-qualifying-financial-entities-(qfe)/">
List of Qualifying Financial Entities</a></p>
<p><a
href="http://www.fma.govt.nz/help-me-comply/financial-advisers/how-to-get-licensed/afa-application-resources-and-templates/list-of-authorised-financial-advisers-(afa)/">
List of Authorised Financial Advisers</a></p>
<p><a
href="http://www.fma.govt.nz/laws-we-enforce/registers/list-of-aml-reporting-entities/">
List of AML Reporting Entities</a></p>
<p><a
href="http://www.business.govt.nz/companies/auditors-register">Auditors
Register</a></p>
<p><a
href="/laws-we-enforce/registers/list-of-authorised-futures-dealers/">
List of Authorised Futures Dealers</a></p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/ross-investments-(aust)-pty-limited-and-robert-ross-(for-unsolicited-offers-made-before-1-december-2012)/Ross Investments (Aust) Pty Limited and Robert Ross (for unsolicited offers made before 1 December 2012)2013-03-27T18:48:05+13:00Financial Markets Authority<div id="teaser-text">Ross Investments (Aust) Pty Limited and Robert Ross </div><div id="body">
<p>9 July 2012</p>
<h2>Enforceable Undertaking to Include FMA Statement in Unsolicited
Offer Documents</h2>
<ol>
<li>I understand the Financial Markets Authority (FMA) is
considering whether or not to take further steps against Ross
Investments (Aust) Pty Limited and Robert Campbell in relation to
potential offers for debentures in Dominion Finance Group Limited
(In Receivership & In Liquidation) and for securities in other
companies.</li>
<li>Ross Investments (Aust) Pty Limited and Robert Campbell
personally each undertake, pursuant to section 46 of the Financial
Markets Authority Act, to:<br />
<br />
(a) include a warning in the form attached to this letter (in
the same layout and in the same or larger font size) at the
beginning of any unsolicited offer documents they or associated
persons may issue in New Zealand; and<br />
<br />
(b) provide a sample copy of all offer documents to FMA
(marked for the attention of Head of Compliance Monitoring) at the
same time as they are sent to offerors (details of offerors, their
addresses and the number securities can be excluded). </li>
<li>For this purpose, an "offer document" means a document that
contains or refers to an offer to acquire or dispose of securities,
and includes any advertisement that refers to an interest in
acquiring securities, and an acceptance form (or similar document,
howsoever named), where that form is the first document provided to
investors. </li>
<li>For this purpose, an "unsolicited offer" means an offer to
which all of the following apply:<br />
<br />
(a) the offer is to acquire a security, to acquire a power to
dispose of a security, or to acquire another interest in or right
attaching to a security, made by a person (A) to another person (B)
(whether the acquisition is by A or an associate person of (A)'
and<br />
(b) it is unsolicited by B; and<br />
(c) it is not made on a registered market; and<br />
(d) it is not a takeover offer for securities under the
Takeovers Code or an acquisition or a redemption by a company of
its shares under the Companies Act 1993.</li>
<li>Please confirm that FMA will accept this undertaking.</li>
</ol>
<p>Yours faithfully,<br />
<br />
Robert Ross (Director)<br />
for and on behalf of Ross Investments (Aust) Pty Limited<br />
and Robert Ross</p>
<p> </p>
<h2>Financial Markets Authority Statement</h2>
<p>This offer document contains an offer from Ross Investments
(Aust) Pty Limited to buy your [describe securities]. Before
you accept this offer, you should carefully read the details of
what you will be paid and when, and any fine print anywhere on the
offer or forms.</p>
<table>
<tbody>
<tr>
<td><strong>Make sure you have read and understood the terms of the
offer. The Financial Markets Authority recommends that you talk to
an authorised financial adviser and find out what your investment
is really worth before selling it.</strong></td>
</tr>
</tbody>
</table>
<p><br />
The price offered for your investment under this offer is $[price]
per [share/bond/unit].<br />
<br />
If listed: As at the close of [offer date] the market price
of the shares on the NZX was [market price]. You can check
the most recent share price for [name of company] on the NZX
website at <a href="http://www.nzx.co.nz">www.nzx.com</a> or
in newspapers. The stock code for [name of company] is
[code].<br />
<br />
If not listed: [include pricing information] You can find out how
much your investment is likely to be worth from an authorised
financial adviser, the company that offers the investment, or (if
the company you invested in is in receivership) from the
receivers. Receivers reports can give a good indication of
how much you are likely to receive for your investment. You
can find copies of the receivers reports by searching under the
companies name on the Companies Office website at <span
lang="EN-US"><a
href="http://www.business.govt.nz/companies/"><span>www.companies.govt.nz</span></a></span>.<br />
<br />
You can find an authorised financial adviser by searching the
Yellow® Pages for "financial advisers". Further guidance for
investors is available on the Financial Markets Authority's website
at <a href="http://www.fma.govt.nz">www.fma.govt.nz</a>. </p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/zero-commission-nz-limited-(for-unsolicited-offers-made-before-1-december-2012)/Zero Commission NZ Limited (for unsolicited offers made before 1 December 2012)2013-03-27T18:48:05+13:00Financial Markets Authority<div id="teaser-text">Zero Commission NZ Limited </div><div id="body">
<p>6 June 2011</p>
<h2>Text of enforceable undertaking in FMA's letter to Zero
Commission NZ Limited dated 2 June 2011</h2>
<p>You have indicated that Zero proposes to make an unsolicited
offer to shareholders in [ ] with holdings of 1,500
shares or less, with a 21 day acceptance period. The proposed
offer price per share would be less than 10% below the current
market price of the shares.</p>
<p>On the basis of the above information, and of your assurance
that Zero is committed to ensuring that investors make an informed
decision, we expect to see the following statement included at the
beginning of the offer:</p>
<ul>
<li>'This offer document contains an offer from Zero Commission NZ
Limited to buy your shares in [name of company].<br />
<br />
Before you accept this offer, you should carefully read the
details of what you will be paid and when, and any fine print
anywhere on the offer or forms.<br />
<br />
The price offered per share under this offer is $[offer price] per
share.<br />
<br />
As at the close of [offer date] the market price of the shares on
the NZX was [market price]. You can check the most recent
share price for [name of company] on the NZX website at
www.nzx.co.nz or in newspapers. The stock code for [name of
company] is [code].<br />
<br />
If you sell your shares through a sharebroker instead you will
receive the full market price for your shares (less any brokerage
fees) and you are likely to receive payment within 3 days.<br />
<br />
You may have to pay a minimum brokerage fee if you sell your
shares through a sharebroker. Different sharebrokers charge
different fees but generally you should expect to pay between $40
to $70 as a minimum brokerage fee.<br />
<br />
You can find a sharebroker in the Yellow® Pages under
"sharebroker", on the NZX website www.nzx.co.nz, or by talking to a
registered financial adviser.<br />
<br />
Further guidance for investors is available on the Financial
Markets Authority's website www.fma.govt.nz.'</li>
</ul>
<p>Please provide Zero's undertaking to include that statement at
the beginning of any offer document containing an unsolicited offer
by Zero.<br />
<br />
For this purpose, an 'offer document' means a document that
contains or refers to an offer to acquire or dispose of securities
and 'unsolicited offer' means an offer to which all of the
following apply:</p>
<ul>
<li>the offer is to acquire a security, to acquire a power to
dispose of a security, or to acquire another interest in or right
attaching to a security, made by a person (A) to another person (B)
(whether the acquisition is by A or an associate person of (A)'
and</li>
<li>it is unsolicited by B; and</li>
<li>it is not made on a registered market; and</li>
<li>it is not a takeover offer for securities under the Takeovers
Code or an acquisition or a redemption by a company of its shares
under the Companies Act 1993.</li>
</ul>
<p>If given, this undertaking cannot be varied or withdrawn without
the consent of FMA. In addition, if FMA considers that a term
of an undertaking has been breached, section 47 of the Financial
Markets Authority Act 2011 provides that FMA can apply to the High
Court for orders, including an order directing a person to comply
with that term, and an order directing a person to pay
compensation.</p>
<p>Please provide Zero's undertaking by 5:00pm Friday 10 June
2011. If we do not hear from you by that time, we will
consider what further action (if any) FMA may take in this
matter. This may include issuing a warning in relation to
Zero's activities, and making a warning disclosure order under
section 49 of the Financial Markets Authority Act 2011.<br />
<br />
<a href="/media/1245915/zero_commission_nz_limited.pdf">Letter
from Zero Commission NZ Limited dated 6 June 2011 confirming
enforceable undertaking.</a></p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-enforcement-policy/FMA Enforcement Policy2013-03-27T18:48:05+13:00Financial Markets Authority<div id="teaser-text">One of FMA’s key statutory objectives is to promote and facilitate the development of fair, efficient, and transparent financial markets.</div><div id="body">
<h2>Introduction</h2>
One of FMA's key statutory objectives is to promote and facilitate
the development of fair, efficient, and transparent financial
markets. FMA has committed to being outward-looking and to
engaging with market participants, ensuring that they clearly
understand their responsibilities, the role and functions of FMA,
and our approach to exercising our functions and powers.<br />
<br />
This policy sets out FMA's approach to enforcement. It is
intended to guide and inform financial market participants.
It is also intended to be a living document, and we may revise it
from time to time in accordance with our organisational objectives
and priorities. It is not exhaustive and is not intended to be
legally binding. <br />
<br />
In addition to this enforcement policy, FMA intends to issue a
model litigant policy that outlines our intended approach to
litigation, and a policy on our intended approach to conducting
investigations. <br />
<br />
<h2>Our priorities for enforcement</h2>
FMA is committed to enforcement action which targets conduct that
harms or presents the greatest likelihood of harm to the function
of open, transparent, efficient capital markets. We
will focus our enforcement resources on these matters. This
approach allows us to be flexible and able to respond quickly to
changing or emerging market conditions and shifting
priorities. <br />
<br />
We will determine which matters present the greatest harm or
likelihood of harm through our surveillance and intelligence
activities, information provided by other financial markets
regulators in New Zealand and overseas, complaints, tips, or
information from other agencies and jurisdictions.<br />
<br />
Early priorities are likely to include:<br />
<br />
<strong>Compliance with new legislation</strong>: We will actively
enforce compliance with new licensing regimes. These include the
registration of financial service providers from 31 March 2011 and
licensing of financial advisors from 1 July 2011, trustees and
statutory supervisors from October 2011, and auditor regulation
from 1 July 2012. We will also actively monitor and enforce the
boundary between unregulated and regulated activity, particularly
in relation to the financial advisers regime. <br />
<br />
<strong>KiwiSaver</strong>: Given the special nature to New
Zealanders of the KiwiSaver regime, and its systemic importance
including its long-term 'lock-in' features, we will act decisively
against misconduct in KiwiSaver sales and distribution
practices. This includes monitoring entities providing
KiwiSaver through "information-only" services.<br />
<br />
<strong>Trading conduct</strong>: FMA will work closely with NZX,
and actively monitor conduct in traded markets with a view to
taking early action should the need arise.<br />
<br />
<strong>AML/CFT</strong>: We will move swiftly to monitor policies
and procedures that credit and financial institutions use to assess
and manage the risks of money laundering and terrorist financing
from 30 June 2013 - the date for compliance - given the
two-year lead time to achieve compliance.<br />
<br />
<h2>FMA's approach to use of formal functions and powers</h2>
FMA has a wide range of functions and powers to achieve its
statutory objectives. FMA is committed to proportionate
enforcement action. <br />
<br />
In the event of market misconduct, we may intervene on an informal
basis or at a low level where such action is proportionate to the
misconduct and will achieve an appropriate market outcome. However,
FMA is also committed to taking strong action and holding
individuals and entities accountable when they break the law and
fail to meet the standards that are expected of them. <br />
<br />
We intend to use the full toolbox available to us. This includes
the use of criminal prosecutions in the case of serious misconduct,
exercising a person's right of action when it is in the public
interest to do so, and requiring market participants to provide
monetary compensation for losses made pursuant to unlawful
conduct.<br />
<br />
While there has been a recent focus on directorial responsibility
in the Courts, FMA will also look to hold senior executives, shadow
directors, and advisers accountable where appropriate. We have a
range of tools available to us to achieve this, including
management banning orders and pecuniary penalty orders for untrue
statements made by experts in disclosure documents.<br />
<br />
<h2>Third party accountability</h2>
Many concerns have been raised following the global financial
crisis about the role of third parties in market collapses. Third
parties include but are not limited to legal advisers, trustees,
auditors, and expert advisers on matters such as valuation.
Where unlawful market misconduct can fairly be attributed to third
parties, FMA will consider pursuit of those parties.<br />
<br />
<h2>Publication of enforcement action</h2>
FMA will publicise enforcement action against financial market
participants, unless there are legal or other compelling reasons
not to. This approach is intended to maximise the visible
deterrence of enforcement activity, and to educate market
participants about the behaviour and standards we expect of those
operating in our jurisdiction.<br />
<br />
<h2>Intervention earlier in lifecycle</h2>
No regulatory regime can prevent market failure. FMA can not
guarantee products or investments and expects that some financial
markets products may fail. Where failure follows
effective and lawful disclosure and an understanding and acceptance
of risk by the investor, and in the absence of unlawful conduct,
FMA has no role and will not intervene.<br />
<br />
However, FMA will intervene - and intervene earlier in the product
lifecycle - to prevent market failure where failure follows
misconduct such as misselling, misinformation, or market
manipulation. FMA will also intervene where a product is well
known and useful but the sales and distribution processes do not
meet appropriate regulatory standards. <br />
<br />
<h2>Approach to use of criminal powers</h2>
FMA has powers to bring both civil and criminal actions for
misconduct by financial markets participants. FMA is
committed to financial markets that work well for both investors
and businesses seeking capital. Accordingly, FMA will ensure
that criminal sanctions are used appropriately and do not create
undue disincentives to participate in the market for businesses or
individuals such as directors. <br />
<br />
FMA may take criminal action where there is evidence of
intentional, reckless, or other serious unlawful conduct. FMA
will apply the principles of fairness and proportionality to any
decision on whether to pursue civil or criminal actions.
<br />
<br />
<h2>Use of section 34 powers</h2>
Section 34 of the FMA Act 2011 is a significant new power, allowing
FMA to 'stand in the shoes' of another person's right to take
action against a third party. For example, FMA may take an
action on behalf of a company against its directors for breach of
the directors' duties owed to that company. It may also take
the action of an individual against a particular financial markets
participant on behalf of that individual. While the inclusion of
this power was the subject of many submissions during consultation
on the draft legislation, Parliament chose to maintain it to give
FMA the ability to pursue actions that for various reasons others
may not be able to. <br />
<br />
FMA will use these powers consistently with Parliament's intention
when the appropriate case presents itself. This is likely to be in
a priority area such as a case that involves risk of serious harm
to the market, significant loss (or the risk of significant loss),
a large number of investors, high product risk (including but not
limited to complexity), particular investor vulnerability, or a
case involving predatory, prevalent or increasing patterns of
misconduct.<br />
<br />
<h2>Settlement policy</h2>
Where a financial markets participant is considering a settlement
proposal, we would encourage this to be brought to us early before
we have committed to pursuing an enforcement case. A useful
settlement proposal would be well developed, include draft
admissions, a detailed and realistic remediation proposal, and
reparation where possible. <br />
<br />
<h2>Co-operation</h2>
Openness and co-operation with FMA, in particular where a
compliance problem is self-identified and reported, will be
important in determining the level of any sanction or whether a
sanction is warranted. <br />
<br />
<h2>Co-ordinating enforcement activity with other agencies</h2>
FMA will work closely with other agencies in the pursuit of our
enforcement objectives. This is likely to include, but is not
limited to, information sharing, co-regulatory investigations,
joint proceedings where appropriate, and co-operation in terms of
identifying problem areas of the market to focus enforcement
activity on. <br />
<br />
<h2>Clarification of the law</h2>
FMA has a statutory responsibility to keep under review the law and
practices relating to financial markets. Among other things,
this may require FMA to test the boundaries of the law for the
overall benefit of all market participants. Accordingly, we
may take "grey area" cases in order to provide clarity to the
market.<br />
<br />
<h2>Matters FMA is unlikely to enforce</h2>
FMA will not enforce every breach that comes to our
attention. These breaches may be cases where enforcement
would not be justified in the public interest, are unlikely to
further FMA's statutory objective, or where there are opportunities
for more effective intervention. <br />
<br />
On this basis, FMA is less likely to pursue matters that are
one-off, isolated, or minor events relating to technical error or
similar issues, unless there are other compelling reasons to do
so. We are more likely to respond to such matters in a low
level and proportionate manner and to keep the matter and/or the
financial market participant under review. FMA is also
unlikely to pursue matters that are more appropriately resolved
directly by dispute resolution schemes or between private parties
as a matter of contract.<br />
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/enforceable-undertaking-from-kiwi-finance-directors/Enforceable Undertaking from Kiwi Finance Directors2013-03-27T18:48:04+13:00Financial Markets Authority<div id="teaser-text">Enforceable undertaking from Kiwi Finance directors</div><div id="body">
<p>13 December 2011</p>
<p>This undertaking is offered to FMA for acceptance under Section
46 of the Financial Markets Authority Act 2011 by the
Directors.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/vonwin-capital-management,-lp-(for-unsolicited-offers-made-before-1-december-2012)/VonWin Capital Management, L.P. (for unsolicited offers made before 1 December 2012)2013-03-27T18:48:04+13:00Financial Markets Authority<div id="teaser-text">Undertaking to Include FMA Statement in Unsolicited Offer Documents</div><div id="body">
<p>10 April 2012</p>
<h2>Undertaking to Include FMA Statement in Unsolicited Offer
Documents</h2>
<p>VonWin Capital Management, L.P. has agreed to provide FMA with
an undertaking to include an FMA statement in unsolicited offer
documents. The terms of the undertaking are detailed in the
attachment below. </p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/braemar-lodge-2004-limited,-neil-gurdjieff-dougan-and-ernest-ross-thomson/Braemar Lodge 2004 Limited, Neil Gurdjieff Dougan and Ernest Ross Thomson2013-03-27T18:48:03+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Commission for acceptance under the act by: Braemar Lodge 2004 Limited and the directors of Braemar</div><div id="body">
<p>7 July 2005</p>
<p>This undertaking is offered to the Securities Commission for
acceptance under section 69J of the Securities Act 1978 by:</p>
<p>Braemar Lodge 2004 Limited ("Braemar")<br />
Level 2<br />
137 Victoria Street<br />
Christchurch</p>
<p><strong>And</strong></p>
<p>The directors of Braemar:</p>
<p>Neil Gurdjieff Dougan<br />
93 Malcolm Avenue<br />
Beckenham<br />
CHRISTCHURCH<br />
<br />
Ernest Ross Thomson<br />
283 Medway Road<br />
HANMER SPRINGS</p>
<p>("the directors")</p>
<h2>Background</h2>
<div class="legal-paras">
<p><span class="number">1.</span> Braemar is a registered company
under the Companies Act 1993. Braemar owns a property at Medway
Road, Hanmer Springs ("the property") which it is in the process of
developing.</p>
<p><span class="number">2.</span> Braemar has offered participatory
securities for subscription in conjunction with individual unit
titles under the Unit Titles Act 1972 since December 2004. It has
done so without a registered prospectus, investment statement or
deed of participation. No allotments of the securities have yet
occurred. Braemar and the directors were, at the time of the offer,
unaware that the offers had been made in contravention of the
Securities Act 1978. In 2005, Braemar became aware that its offers
of the units in the property may have constituted offers of
securities to the public under the Securities Act 1978.</p>
<p><span class="number">3.</span> Braemar ceased offering
participatory securities once it was aware of the potential breach
and set about making arrangements to address the situation.</p>
<p><span class="number">4.</span> Braemar informed the Commission
of its possible breach of the Securities Act 1978 and the actions
it proposed to take to remedy the breach. The Commission is
concerned that there had been breaches of the law.</p>
<p><span class="number">5.</span> Braemar has recently applied to
the Commission for exemptions from sections 33, 37, 37A and 51-54
of the Securities Act 1978 in respect of future offers of
participatory securities in relation to the property.</p>
<p><span class="number">6.</span> Braemar acknowledges the
Commission's concerns about its breaches of the Securities Act
1978. Braemar and the directors wish to remedy the situation and to
ensure that no further breaches occur. They have offered the
undertakings set out below. The Commission has agreed to accept
these undertakings under section 69J of the Securities Act
1978.</p>
</div>
<h2>Undertakings</h2>
<div class="legal-paras">
<p><span class="number">7.</span> Braemar and the directors will
not offer further securities to the public for subscription, other
than in an investment statement, registered prospectus, or
authorised advertisement that complies with the Securities Act 1978
and the Securities Regulations 1983 or in accordance with any
applicable exemption granted by the Commission.</p>
<p><span class="number">8.</span> Braemar and its directors will
similarly not allot securities other than in accordance with the
Securities Act 1978 or in accordance with any applicable exemption
granted by the Commission.</p>
<p><span class="number">9.</span> In relation to the securities
already offered to persons who have entered into sale agreements to
purchase units in the property prior to the publication of the
specific exemption granted by the Commission, Braemar:</p>
<ol class="letter">
<li>will give written notice to each such person of the
contravention of the Securities Act 1978 and provide each such
person with all documentation that was required to be provided
before subscription under the specific exemption granted by the
Commission;</li>
<li>request that each such person agrees to the cancellation of the
existing sale agreement and agrees to sign a new sale agreement to
purchase the unit in accordance with the form of sale agreement
required by the specific exemption granted by the Commission;</li>
<li>offer to refund subscription monies received, together with any
interest earned, to any person who does not, within 15 working days
of the date of this undertaking, sign a new sale agreement for the
purchase of their unit in accordance with paragraph 9(b) of this
undertaking;</li>
<li>will, for those persons who do not within 15 working days of
the date of this undertaking sign a new sale agreement for the
purchase of their unit in accordance with paragraph 9(b) of this
undertaking, cancel the existing sale agreement immediately.</li>
</ol>
</div>
<h2>Acknowledgements</h2>
<div class="legal-paras">
<p><span class="number">10.</span> Braemar and the directors
acknowledge that the Commission:</p>
<ol class="letter">
<li>may issue a media release referring to the undertaking and to
the concerns of the Commission which led to the undertaking being
executed;</li>
<li>may from time to time publicly refer to the undertaking;
and</li>
<li>will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">11.</span> Braemar and the directors
acknowledge that this undertaking does not derogate from the rights
and remedies available to the Commission or to any other person or
entity arising from the conduct described in the undertaking.</p>
<p><span class="number">12.</span> Braemar and the directors
acknowledge that the Commission's acceptance of an enforceable
undertaking under section 69J of the Securities Act 1978 does not
affect the Commission's powers to investigate future conduct of any
person, to take any action or exercise any power under the
Securities Act 1978 or any other legislation, or to refer any
matter for criminal prosecution or seek any civil penalty.</p>
</div>
<p>Signed for and on behalf of Braemar Lodge 2004 Limited<br />
by its duly authorised officer:</p>
<p>Signed by Neil Gurdjieff Dougan:</p>
<p>Signed by Ernest Ross Thomson:</p>
<p>Accepted by the Securities Commission<br />
pursuant to section 69J of the Securities Act 1978<br />
by its authorised delegate:</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/stock-share-trading-company-pty-limited-(for-unsolicited-offers-made-before-1-december-2012)/Stock & Share Trading Company Pty Limited (for unsolicited offers made before 1 December 2012)2013-03-27T18:48:03+13:00Financial Markets Authority<div id="teaser-text">UNDERTAKING TO INCLUDE FMA STATEMENT IN UNSOLICITED OFFER DOCUMENTS</div><div id="body">
<span><span>11 October 2011</span></span><br />
<br />
<h2>Undertaking to Include FMA Statement in Unsolicited Offer
Documents</h2>
<p>1. I understand the Financial Markets
Authority (FMA) is considering whether or not to make an order
under section 49(1) of the Financial Markets Authority Act (FMA
Act) against Stock & Share Trading Company Pty Limited (Stock
& Share). Specifically, whether to make an order
requiring that any offer document containing an unsolicited offer
to purchase securities made by or on behalf of Stock & Share or
any associated persons of it, contain a copy of the warning issued
by FMA on 8 July 2011 at the beginning of the offer document.<br />
<br />
2. Stock & Share hereby undertakes to
include a warning in the form attached to this letter (in the same
layout and in the same or larger font size) at the beginning of any
unsolicited offer documents it may issue.<br />
<br />
3. For this purpose, an 'offer document' means a
document that contains or refers to an offer to acquire or dispose
of securities, and includes any advertisement that refers to an
interest in acquiring securities; and 'unsolicited offer' means an
offer to which all of the following apply:<br />
<br />
(a) the offer is to acquire a security, to
acquire a power to dispose of a security, or to acquire another
interest in or right attaching to a security, made by a person (A)
to another person (B) (whether the acquisition is by A or an
associate person of (A)' and<br />
(b) it is unsolicited by B; and<br />
(c) it is not made on a registered market;
and<br />
(d) it is not a takeover offer for securities
under the Takeovers Code or an acquisition or a redemption by a
company of its shares under the Companies Act 1993.<br />
<br />
Signed</p>
<p>John Armour<br />
Director</p>
<h2>Financial Markets Authority Statement</h2>
This offer document contains an offer from Stock & Share
Trading Company Pty Limited to buy your [describe
securities]. Before you accept this offer, you should
carefully read the details of what you will be paid and when, and
any fine print anywhere on the offer or forms.<br />
<br />
<table>
<tbody>
<tr>
<td><strong>Make sure you have read and understood the terms of the
offer. The Financial Markets Authority recommends that you talk to
an authorised financial adviser and find out what your investment
is really worth before selling it.</strong></td>
</tr>
</tbody>
</table>
<br />
The price offered for your investment under this offer is $[price]
per [share/bond/unit].<br />
<br />
If listed: As at the close of [offer date] the market price
of the shares on the NZX was [market price]. You can check
the most recent share price for [name of company] on the NZX
website at <a href="https://www.nzx.com/">www.nzx.com</a> or in
newspapers. The stock code for [name of company] is [code].
<br />
<br />
If not listed: [include pricing information] You can find out how
much your investment is likely to be worth from an authorised
financial adviser, the company that offers the investment, or (if
the company you invested in is in receivership) from the
receivers. Receivers reports can give a good indication of
how much you are likely to receive for your investment. You
can find copies of the receivers reports by searching under the
companies name on the Companies Office website <a
href="http://www.business.govt.nz/companies/">www.companies.govt.nz</a>.<br />
<br />
You can find an authorised financial adviser by searching the
Yellow® Pages for "financial advisers". Further guidance for
investors is available on the Financial Markets Authority's website
<a href="http://www.fma.govt.nz/">www.fma.govt.nz</a><br />
<br />
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/the-gables-limited,-combined-financial-services-limited,-aoraki-commercial-property-limited,-rhys-david-morgan,-lorraine-te-atairehia-morgan,-neville-ian-cant/The Gables Limited, Combined Financial Services Limited, Aoraki Commercial Property Limited, Rhys David Morgan, Lorraine Te Atairehia Morgan, Neville Ian Cant2013-03-27T18:48:02+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Commission for acceptance under Securities Act 1978 by The Gables Limited </div><div id="body">
<p>8 June 2006</p>
<p>This undertaking is offered to the Securities Commission for
acceptance under section 69J of the Securities Act 1978 by:</p>
<p>The Gables Limited ("<strong>TGL</strong>")<br />
18 Woollcombe Street<br />
Timaru</p>
<p><strong>And</strong> by</p>
<p>Combined Financial Services Limited
("<strong>CFS</strong>")<br />
C/- Macfarlane Dougall Stringer<br />
Level 5<br />
86 Gloucester Street<br />
Christchurch</p>
<p><strong>And</strong> by</p>
<p>Aoraki Commerical Property Limited
("<strong>ACP</strong>")<br />
C/- Macfarlane Dougall Stringer<br />
Level 5<br />
86 Gloucester Street<br />
Christchurch</p>
<p><strong>And</strong> by</p>
<p>Rhys David Morgan ("<strong>Mr Morgan</strong>")<br />
86 Mckenzie Street<br />
Geraldine</p>
<p><strong>And</strong> by</p>
<p>Lorraine Te Atairehia Morgan ("<strong>Ms
Morgan</strong>")<br />
86 Mckenzie Street<br />
Geraldine</p>
<p><strong>And</strong> by</p>
<p>Neville Ian Cant ("<strong>Mr Cant</strong>")<br />
11 Cardiff Street<br />
Timaru</p>
<h2>Background</h2>
<div class="legal-paras">
<p><span class="number">1.</span> TGL is a company registered under
the Companies Act 1993. It was incorporated on 6 December 2005. TGL
intended to raise finance, by way of an offer of equity securities,
in order to acquire and then manage a commercial investment
property. Mr Morgan is the sole director and shareholder of
TGL.</p>
<p><span class="number">2.</span> CFS is a company registered under
the Companies Act 1993. It was incorporated on 27 February 1998.
CFS is a financial service provider and its sole director is Mr
Cant. CFS advises its clients on various investments schemes that
are presented to it. CFS was a promoter of the offer by TGL.</p>
<p><span class="number">3.</span> ACP is a company registered under
the Companies Act 1993. It was incorporated on 14 November 2005. Mr
Morgan and Ms Morgan are the directors of ACP. ACP was also a
promoter of the offer by TGL.</p>
<p><span class="number">4.</span> In February 2006 TGL offered
equity securities, in the form of ordinary shares, to the public by
way of an "offer document". TGL's intention was to issue ordinary
shares to investors and in return use the subscription monies
to:</p>
<ol class="letter">
<li>along with mortgage finance, purchase the land and buildings at
11 Donaldson Drive, Coatesville, North Shore, Auckland ("the
Property"); and</li>
<li>acquire an unascertained shareholding in Via NZ Limited, the
intended tenant for the Property (together referred to as "the
offer")</li>
</ol>
<p><span class="number">5.</span> On 6 March 2006 CFS sent a letter
to a number of it clients. The letter referred to three investment
schemes offered by unrelated parties and to promotional documents
relating to the investment schemes. In particular the letter had
referred to TGL's offer and TGL's "offer document".</p>
<p><span class="number">6.</span> At the time the offer was made,
TGL, CFS and ACP believed that the offer was made only to
"<em>eligible persons</em>" pursuant to section 5(2CB) of the
Securities Act 1978 ("the Act") and therefore nothing in Part II of
the Act applied to TGL's offer. The advertisement of the offer
resulted in TGL receipting subscriptions from two subscribers to an
aggregated amount of $250,000. Other subscriptions were received
but unreceipted by TGL.</p>
<p><span class="number">7.</span>The Securities Commission ("the
Commission") had a number of concerns with the offer made by TGL
and the advertisement of the offer by CFS and ACP. The Commission
formed the view that the offer did not comply with section 33(1) of
the Act in that it was not made in or accompanied by an investment
statement that complied with the Act and the Securities Regulations
1983 ('Regulations"), nor was it made in an authorised
advertisement, nor in or accompanied by a registered prospectus
that complied with the Act and Regulations.</p>
<p><span class="number">8.</span>On 5 April 2006 CFS received a
letter from the Commission expressing its concern that TGL's offer
of securities may have been offered to the public in contravention
to the Act. In particular the Commission expressed its concern
that:</p>
<ol class="letter">
<li>there was no registered prospectus for the equity securities
being offered by TGL; and</li>
<li>there was no investment statement relating to the securities
being offered by TGL and that complies with the Act and
Regulations.</li>
</ol>
<p><span class="number">9.</span>Upon receiving notice of the
Commission's concerns, both CFS and ACP took immediate steps to
obtain appropriate legal advice. CFS advised the Commission that in
addition CFS, ACP had also acted as a promoter of TGL's offer. Both
CFS and ACP had advertised the offer to members of the public.</p>
<p><span class="number">10.</span>Following receipt of legal
advice, both CFS and ACP acknowledged that the offer was made in
contravention of section 33(1) of the Act and any advertisements to
the public relating to the offer was also made in contravention of
the Act. CFS later confirmed that as a result of obtaining legal
advice TGL has withdrawn its offer.</p>
<p><span class="number">11.</span>CFS and ACP both:</p>
<ol class="letter">
<li>acknowledged the concerns raised by the Commission;</li>
<li>refunded all money received in relation to the offer to
investors; and</li>
<li>notified their intention to fully co-operate with the
Commission.</li>
</ol>
<p><span class="number">12.</span>As at the date of this
undertaking all subscription money has been returned to subscribers
and the offer has been withdrawn.</p>
<p><span class="number">13.</span>TGL, CFS and ACP wish to remedy
the situation and ensure that no similar events occur. TGL, CFS and
ACP have offered the undertakings set out below. The Commission has
agreed to accept these undertakings under section 69J of the
Act.</p>
</div>
<h2>Undertakings</h2>
<div class="legal-paras">
<h3>Undertakings relating to offer by TGL</h3>
<p><span class="number">14.</span> TGL and Mr Morgan undertake not
to allot any securities in relation to the offer and will not
distribute, or make any further use of the 'offer document'
referred in paragraph 4 and will prohibit any of TGL's employees or
agents from making use of this document.</p>
<p><span class="number">15.</span>TGL undertake (to the extent it
has not already done so) to forthwith return all subscription
monies received in relation to the offer to subscribers together
with interest in terms of section 37 and 37A of the Act (as
applicable), whether received prior to or after the giving of this
undertaking.</p>
<h3>General undertakings</h3>
<p><span class="number">16.</span>These "general undertakings" are
given by:</p>
<ol class="letter">
<li>TGL, CFS, ACP; and</li>
<li>Mr Morgan both in his capacity as a director of TGL and ACP,
and in his individual capacity in relation to any offer of
securities to the public in which he is currently, or may in the
future, be involved as an issuer or a director of an issuer or a
promoter; and</li>
<li>Ms Morgan in her capacity as a director of ACP, and in her
individual capacity in relation to any offer of securities to the
public in which she is currently, or may in the future, be involved
as an issuer or a director of an issuer or a promoter; and</li>
<li>Mr Cant in his capacity as the director of CFS, and in his
individual capacity in relation to any offer of securities to the
public in which he is currently, or may in the future, be involved
as an issuer or a director of an issuer or a promoter (together
known as "the Parties").</li>
</ol>
<p><span class="number">17.</span>The Parties will not offer
securities to the public for subscription, other than in an
investment statement, registered prospectus or authorised
advertisement that complies with the Act and the Regulations, or in
accordance with any applicable exemption contained in the Act or
granted by the Commission.</p>
<p><span class="number">18.</span>The Parties will ensure that
employees and external marketing advisers and agents who prepare
advertising for any offers of securities to the public for
subscription that are made by the Parties are aware of the
requirements relating to offers of securities under securities
laws.</p>
<p><span class="number">19.</span>The Parties will not distribute,
or permit any person to distribute, any document or other material
containing or referring to an offer of securities to the public
unless it has been prepared or reviewed by professional advisers
experienced in securities law.</p>
<p><span class="number">20.</span>Without limiting paragraph 19
above, the Parties will take all reasonable steps to ensure that no
agent distributes or permits the distribution of any document or
other material containing or referring to an offer of securities to
the public unless it has been prepared or reviewed by professional
advisers experienced in securities law.</p>
</div>
<h2>Acknowledgements</h2>
<div class="legal-paras">
<p><span class="number">21.</span>The Undertaking Parties
acknowledge that the Commission:</p>
<ol class="letter">
<li>may issue a media release referring to the undertaking and to
all of the concerns of the Commission which led to the undertaking
being executed ;</li>
<li>may from time to time publicly refer to the undertaking;
and</li>
<li>will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">22.</span>The Undertaking Parties
acknowledge that this undertaking does not derogate from the rights
and remedies available to the Commission or to any other person or
entity arising from the conduct described in the undertaking.</p>
<p><span class="number">23.</span> The Undertaking Parties
acknowledge that the Commission's acceptance of an enforceable
undertaking under section 69J of the Act does not affect the
Commission's power to investigate future conduct of any person, to
take any action or exercise any power under the Act, or any other
legislation, or to refer any matter for criminal prosecution or
seek any civil penalties.</p>
</div>
<p>Signed for and on behalf of <strong>The Gables
Limited</strong><br />
by its duly authorised officer:</p>
<br />
<br />
<p>Signed for and on behalf of <strong>Combined Financial Services
Limited</strong><br />
by its duly authorised officer:</p>
<br />
<br />
<p>Signed for and on behalf of <strong>Aoraki Commercial Property
Limited</strong><br />
By its duly authorised officer:</p>
<br />
<br />
<p>Signed by <strong>Rhys David Morgan</strong></p>
<p>Signed by <strong>Lorraine Te Atairehia Morgan</strong></p>
<p>Signed by <strong>Neville Ian Cant</strong></p>
<p>Accepted by the <strong>Securities Commission</strong><br />
pursuant to section 69J of the Securities Act 1978<br />
by its authorised delegate:</p>
<p><strong>Kathryn A. Rogers</strong><br />
Director, Primary Markets</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/contributory-mortgage-investments-limited,-robert-john-martin-and-peter-van-nieuwkoop/Contributory Mortgage Investments Limited, Robert John Martin and Peter van Nieuwkoop2013-03-27T18:48:02+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Commission ("Commission") for acceptance under the Securities Act 1978 by Contributory Mortgage Investments Limited ("CMI")</div><div id="body">
<p>23 February 2006</p>
<p>This undertaking is offered to the Securities Commission
("Commission") for acceptance under section 69J of the Securities
Act 1978 by:</p>
<p><strong>Contributory Mortgage Investments Limited
("CMI")</strong><br />
Shortland Street<br />
AUCKLAND</p>
<p>And by</p>
<p><strong>Mr John Martin ("Mr Martin")</strong><br />
C/- Shortland Street<br />
AUCKLAND</p>
<p>And by</p>
<p><strong>Mr Peter van Nieuwkoop ("Mr van
Nieuwkoop")</strong><br />
C/- Shortland Street<br />
AUCKLAND</p>
<h2>Background</h2>
<div class="legal-paras">
<h3>Parties</h3>
<p><span class="number">1.</span> CMI is a company incorporated
under the Companies Act 1993 on 30 September 1999. It is
registered, and carries on business as, a contributory mortgage
broker under the Securities Act (Contributory Mortgage) Regulations
1988 ("CM Regulations"). CMI's director is Mr Martin. Mr van
Nieuwkoop is a consultant to CMI.s.</p>
<p><span class="number">2.</span> The Commission has inquired into
CMI's compliance with the securities laws. In particular it has
inquired into the offering and management of interests in the
following three mortgages:</p>
<ol class="letter">
<li>the Greys Avenue Development Limited first mortgage where CMI
raised $10,800,000, and second mortgage where CMI raised $2,625,000
("Greys mortgages"). The money lent was for the renewal of an
existing mortgage arranged by CMI to purchase a car parking
building at 85 to 89 Greys Avenue in the Auckland CBD; and</li>
<li>the Trans Tasman Hotel Corporation Limited mortgage ("Trans
Tasman mortgage") in the sum of $6,000,000. The money lent was for
the renewal of an existing mortgage arranged by CMI for $7,000,000
in respect of an office building, namely the Zen Centre, in
Rotorua.</li>
</ol>
<p><span class="number">3.</span> The Commission is satisfied that
CMI contravened the following regulations:</p>
<ol class="letter">
<li>Regulation 20(1)(a) of the CM Regulations by paying
contributions out of the trust account when it knew, or ought to
have known, that the offer documents for the Greys mortgages were
false or misleading, and regulation 8 of the Securities Regulations
1988 ("Securities Regulations") because those offer documents
contained information likely to deceive or mislead contributors.
The false, misleading or deceptive matters in the offer documents
were:
<ol class="italic">
<li>it was not disclosed that the Godfrey group appeared to be in
financial difficulties;</li>
<li>that, contrary to representations made, the statement of
position provided by Mr Godfrey's accountant was not independently
verified;</li>
<li>that assets to the value given were unlikely to be available
under Mr Godfrey's guarantees should Greys Avenue default on its
obligations under the mortgages;</li>
<li>it was not disclosed that part of the proceeds of the offer
would be used to meet CMI's obligation to a third party and to
repay contributions made by trusts associated with Mr Martin and Mr
van Nieuwkoop;</li>
<li>that, contrary to representations made, all principal and
interest had not been paid on all mortgages; and</li>
<li>in respect of offers made after 12 February 2005, that contrary
to representations made about a monthly automatic payment authority
from property rentals being available to pay interest owing by the
borrower, rental income had not been received when due and no such
rental was available to pay the interest. /li></li>
</ol>
</li>
<li>Regulation 19 of the CM Regulations by paying contributions out
of the trust account in circumstances where contributors had been
given offer documents for the Greys Avenue mortgages or the Trans
Tasman mortgage that did not comply with applicable CM Regulations,
because:
<ol class="italic">
<li>they did not contain material information about the finances of
the Godfrey group that was known to CMI;</li>
<li>they contained misleading information about the value of the
guarantees;</li>
<li>they did not contain material information about the interests
of CMI and its principals in raising funds for the Greys Avenue
mortgages; and</li>
<li>the valuation report for the Trans Tasman mortgage was not a
valuation report as defined in Regulation 5 because it was out of
date.</li>
</ol>
</li>
<li>In relation to the Trans Tasman mortgage, regulation 20(2)(a)
of the CM Regulations by paying contributions out of the trust
account when the mortgage had not been executed.</li>
</ol>
<p><span class="number">4.</span> The Commission also noted that
CMI's accounting systems could be improved and that CMI proposes to
upgrade its accounting system in the near future.</p>
<p><span class="number">5.</span> The Commission considers that
CMI, CMN, Mr Martin and Mr van Nieuwkoop have failed to meet the
standards of care and good governance that it expects from those
who seek to raise funds from the public.</p>
<p><span class="number">6.</span> CMI, Mr Martin and Mr van
Nieuwkoop acknowledge the Commission's concerns and wish to remedy
this situation. CMI, Mr Martin and Mr van Nieuwkoop have therefore
offered the undertakings set out below. The Commission has agreed
to accept these undertakings under section 69J of the Act.</p>
</div>
<h2>Undertakings</h2>
<div class="legal-paras">
<p><span class="number">7.</span> CMI, CMN, Mr Martin and Mr van
Nieuwkoop will by 31 March 2006 have obtained advice about their
respective obligations as issuer and trustee and/or as directors
and officers thereof from an independent lawyer with experience in
securities law who has not previously been involved with any of the
parties or their businesses and who is satisfactory to the
Commission.</p>
<p><span class="number">8.</span> CMI and CMN will by 31 March 2006
upgrade their accounting systems and ensure that they are adequate
to keep all necessary records and comply with all applicable
laws.</p>
<p><span class="number">9.</span> CMI and CMN will at all times
after 31 March 2006 have at least one appropriately experienced,
independent director who is satisfactory to the Commission.</p>
<p><span class="number">10.</span> CMI and CMN will forthwith
engage their auditors to perform an enhanced audit role for two
years whereby in addition to the obligations of an auditor acting
under regulation 39 of the CM Regulations, they will as part of
their quarterly audits:</p>
<ol class="letter">
<li>review the adequacy of CMI and CMN's systems and processes, and
CMI and CMN's compliance with internal procedures, with the
requirements of the law and the enforceable undertakings offered to
the Commission;</li>
<li>conduct such a review by way of at least one onsite visit,
including inspection of documents and interviews with directors and
staff and review of such other information as the auditor considers
necessary or expedient; and</li>
<li>report in writing to CMI and to the Commission within one month
of completing each review.</li>
</ol>
<p><span class="number">11.</span> CMI and CMN will ensure that,
before any contributor's funds are paid out of its trust account or
otherwise applied (other than to that contributor), the contributor
has been given all information that may be material to his or her
decision whether or not to invest, including all material
information about CMI, CMN and their directors and officers.</p>
<p><span class="number">12.</span> CMI, Mr Martin and Mr van
Nieuwkoop will refrain until 31 March 2006 from making any offers
of securities to the public other than to refinance existing loans
provided to borrowers comprising contributory mortgage funds
previously raised by CMI (i.e. "rollover mortgages").</p>
<p><span class="number">13.</span> Mr Martin and Mr van Nieuwkoop
will take all reasonable steps to ensure compliance by CMI and CMN
with the undertakings set out in paragraphs 7 to 12.</p>
</div>
<h2>Acknowledgements</h2>
<div class="legal-paras">
<p><span class="number">14.</span>CMI, Mr Martin and Mr van
Nieuwkoop acknowledge that the Commission:</p>
<ol class="letter">
<li>may issue a media release referring to the undertaking and to
all of the concerns of the Commission which led to the undertaking
being executed;</li>
<li>may from time to time publicly refer to the undertaking;
and</li>
<li>will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">15.</span> CMI, Mr Martin and Mr van
Nieuwkoop acknowledge that this undertaking does not derogate from
the rights and remedies available to the Commission or to any other
person or entity arising from the conduct described in the
undertaking.</p>
<p><span class="number">16.</span> CMI, Mr Martin and Mr van
Nieuwkoop acknowledge that the Commission's acceptance of an
enforceable undertaking under section 69J of the Act does not
affect the Commission's power to investigate future conduct of any
person, to take any action or exercise any power under the Act, or
any other legislation, or to refer any matter for criminal
prosecution or seek any civil penalties.</p>
</div>
<p>Signed for and on behalf of <strong>Contributory Mortgage
Investments Limited</strong><br />
by its duly authorised officer <strong>Mr John
Martin</strong>:</p>
<br />
<br />
<p>Signed by <strong>Mr John Martin<br />
<br />
</strong></p>
<p><strong>Signed by</strong> Mr van Nieuwkoop</p>
<p><strong><strong>Accepted by the</strong> Securities
Commission</strong><br />
pursuant to section 69J of the Securities Act 1978<br />
by its authorised delegate:<br />
[Kathryn Ann Rogers]</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/alpine-pacific-developments-limited,-neil-gurdjieff-dougan-and-ernest-ross-thomson/Alpine Pacific Developments Limited, Neil Gurdjieff Dougan and Ernest Ross Thomson2013-03-27T18:48:02+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Securities Commission for acceptance under of the Securities Act 1978 by Alpine Pacific Developments Limited ('Alpine')</div><div id="body">
<p>7 July 2005</p>
<p>This undertaking is offered to the Securities Commission for
acceptance under section 69J of the Securities Act 1978 by:</p>
<p>Alpine Pacific Developments Limited ('Alpine')<br />
Level 2<br />
137 Victoria Street<br />
Christchurch</p>
<p><strong>And</strong></p>
<p>The directors of Alpine:</p>
<p>Neil Gurdjieff Dougan<br />
93 Malcolm Avenue<br />
Beckenham<br />
CHRISTCHURCH<br />
<br />
Ernest Ross Thomson<br />
283 Medway Road<br />
HANMER SPRINGS</p>
<p>('the directors')</p>
<h2>Background</h2>
<div class="legal-paras">
<p><span class="number">1.</span> Alpine is a registered company
under the Companies Act 1993. Alpine owns a property at Beach Road,
Kaikoura ('the property') which it is in the process of
developing.</p>
<p><span class="number">2.</span> Alpine has offered participatory
securities for subscription in conjunction with individual unit
titles under the Unit Titles Act 1972 since December 2004. It has
done so without a registered prospectus, investment statement or
deed of participation. No allotments of the securities have yet
occurred. Alpine and the directors were, at the time of the offer,
unaware that the offers had been made in contravention of the
Securities Act 1978. In 2005, Alpine became aware that its offers
of the units in the property may have constituted offers of
securities to the public under the Securities Act 1978.</p>
<p><span class="number">3.</span> Alpine ceased offering
participatory securities once it was aware of the potential breach
and set about making arrangements to address the situation.</p>
<p><span class="number">4.</span> Alpine informed the Commission of
its possible breach of the Securities Act 1978 and the actions it
proposed to take to remedy the breach. The Commission is concerned
that there had been breaches of the law.</p>
<p><span class="number">5.</span>Alpine has recently applied to the
Commission for exemptions from sections 33, 37, 37A and 51-54 of
the Securities Act 1978 in respect of future offers of
participatory securities in relation to the property.</p>
<p><span class="number">6.</span> Alpine acknowledges the
Commission.s concerns about its breaches of the Securities Act
1978. Alpine and the directors wish to remedy the situation and to
ensure that no further breaches occur. They have offered the
undertakings set out below. The Commission has agreed to accept
these undertakings under section 69J of the Securities Act
1978.</p>
</div>
<h2>Undertakings</h2>
<div class="legal-paras">
<p><span class="number">7.</span> Alpine and the directors will not
offer further securities to the public for subscription, other than
in an investment statement, registered prospectus, or authorised
advertisement that complies with the Securities Act 1978 and the
Securities Regulations 1983 or in accordance with any applicable
exemption granted by the Commission.</p>
<p><span class="number">8.</span> Alpine and its directors will
similarly not allot securities other than in accordance with the
Securities Act 1978 or in accordance with any applicable exemption
granted by the Commission.</p>
<p><span class="number">9.</span> In relation to the securities
already offered to persons who have entered into sale agreements to
purchase units in the property prior to the publication of the
specific exemption granted by the Commission, Alpine:</p>
<ol class="letter">
<li>will give written notice to each such person of the
contravention of the Securities Act 1978 and provide each such
person with all documentation that was required to be provided
before subscription under the specific exemption granted by the
Commission;</li>
<li>request that each such person agrees to the cancellation of the
existing sale agreement and agrees to sign a new sale agreement to
purchase the unit in accordance with the form of sale agreement
required by the specific exemption granted by the Commission;</li>
<li>offer to refund subscription monies received (including those
held by Alpine.s solicitors in its trust account and those held by
selling real estate agent, as stakeholders), together with any
interest earned, to any person who does not, within 15 working days
of the date of this undertaking, sign a new sale agreement for the
purchase of their unit in accordance with paragraph 9(b) of this
undertaking;</li>
<li>will, for those persons who do not within 15 working days of
the date of this undertaking sign a new sale agreement for the
purchase of their unit in accordance with paragraph 9(b) of this
undertaking, cancel the existing sale agreement immediately.</li>
</ol>
</div>
<h2>Acknowledgements</h2>
<div class="legal-paras">
<p><span class="number">10.</span> Alpine and the directors
acknowledge that the Commission:</p>
<ol class="letter">
<li>may issue a media release referring to the undertaking and to
the concerns of the Commission which led to the undertaking being
executed;</li>
<li>may from time to time publicly refer to the undertaking;
and</li>
<li>will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">11.</span> Alpine and the directors
acknowledge that this undertaking does not derogate from the rights
and remedies available to the Commission or to any other person or
entity arising from the conduct described in the undertaking.</p>
<p><span class="number">12.</span> Alpine and the directors
acknowledge that the Commission.s acceptance of an enforceable
undertaking under section 69J of the Securities Act 1978 does not
affect the Commission.s powers to investigate future conduct of any
person, to take any action or exercise any power under the
Securities Act 1978 or any other legislation, or to refer any
matter for criminal prosecution or seek any civil penalty.</p>
</div>
<p>Signed for and on behalf of Alpine Lodge 2004 Limited<br />
by its duly authorised officer:</p>
<br />
<br />
Signed by Neil Gurdjieff Dougan:<br />
<br />
Signed by Ernest Ross Thomson:<br />
<br />
<p>Accepted by the Securities Commission<br />
pursuant to section 69J of the Securities Act 1978<br />
by its authorised delegate:</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/south-pacific-energy-limited,-calgary-petroleum,-dene-biddlecombe,-bruce-harnett,-murray-hosking,-bill-treuren-and-paul-twynham/South Pacific Energy Limited, Calgary Petroleum, Dene Biddlecombe, Bruce Harnett, Murray Hosking, Bill Treuren and Paul Twynham2013-03-27T18:48:01+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Commission for acceptance under the Act by South Pacific Energy Limited and its directors</div><div id="body">
<p>21 February 2005</p>
<p>This undertaking is offered to the Securities Commission for
acceptance under section 69J of the Securities Act 1978 by:</p>
<p><strong>South Pacific Energy Limited</strong><br />
PO Box 24 528<br />
AUCKLAND</p>
<p>and its directors</p>
<p><strong>Dene Biddlecombe</strong>,<br />
56 Calgary Street, Sandringham, Auckland<br />
<strong>Bruce Harnett</strong>,<br />
64 Jesmond Road, Drury R D 2, Auckland<br />
<strong>Murray Hosking</strong><br />
Waipapa West Road, Bay Of Islands, Northland<br />
<strong>Bill Treuren</strong>,<br />
North Cove, Kawau Island<br />
<strong>Paul Twynham</strong>,<br />
52 Malton Road, Beecroft, Sydney NSW 2119, Australia</p>
<p>and</p>
<p><strong>Calgary Petroleum Limited</strong><br />
PO Box 24 528<br />
AUCKLAND</p>
<p>and its directors</p>
<p><strong>Dene Biddlecombe</strong>,<br />
56 Calgary Street, Sandringham, Auckland<br />
<strong>Bruce Harnett</strong><br />
64 Jesmond Road, Drury R D 2, Auckland<br />
<strong>Murray Hosking</strong><br />
Waipapa West Road, Bay Of Islands, Northland<br />
<strong>Bill Treuren,</strong><br />
North Cove, Kawau Island<br />
<strong>Paul Twynham</strong>,<br />
52 Malton Road, Beecroft, Sydney NSW 2119, Australia</p>
<h2>Background</h2>
<div class="legal-paras">
<p><span class="number">1.</span> South Pacific Energy Limited
(<strong>South Pacific</strong>) and Calgary Petroleum Limited
(<strong>Calgary</strong>) are each companies registered under the
Companies Act 1993. South Pacific and Calgary and their respective
wholly owned subsidiaries are the constituent companies of the
"South Pacific Energy Group" which is involved in oil and gas
exploration, drilling and production in New Zealand. Shareholders
of the South Pacific Energy Group hold equal numbers of shares in
each of South Pacific and Calgary.</p>
<p><span class="number">2.</span> On October 22, South Pacific and
Calgary each offered equity securities under a rights issue to all
existing shareholders of the South Pacific Energy Group by way of a
letter to shareholders (the <strong>Original Offer</strong>). These
companies did so without a registered prospectus or investment
statement.</p>
<p><span class="number">3.</span> On 15 November 2004, the
scheduled closing date of the Original Offer, South Pacific and
Calgary received a letter from the Securities Commission
(<strong>Commission</strong>) expressing its concern that the
securities may have been offered to the public in contravention of
the Securities Act 1978 (<strong>Securities Act</strong>).</p>
<p><span class="number">4.</span> South Pacific and Calgary
provided requested information to the Securities Commission to
support the view of the companies that the Original Offer was not
an offer "to the public".</p>
<p><span class="number">5.</span> Despite this the Commission
remained concerned that the securities may have been offered to the
public in contravention of the Securities Act. South Pacific and
Calgary and the directors of South Pacific and Calgary acknowledge
the Commission's concerns. South Pacific and Calgary and the
directors of South Pacific and Calgary seek to remedy the possible
breaches of the Securities Act and ensure that no breaches of the
Securities Act and the Securities Regulations 1983
(<strong>Regulations</strong>) occur in the future.</p>
<p><span class="number">6.</span> South Pacific and Calgary and the
directors of South Pacific and Calgary have offered the
undertakings set out below. The Commission has agreed to accept
these undertakings under section 69J of the Securities Act.</p>
</div>
<h2>Undertakings</h2>
<div class="legal-paras">
<p><span class="number">7.</span> South Pacific and Calgary and the
directors of South Pacific and Calgary will not offer further
securities to the public for subscription, other than in an
investment statement, registered prospectus, or authorised
advertisement that complies with the Securities Act and the
Regulations, or in accordance with any applicable exemption granted
by the Commission.</p>
<p><span class="number">8.</span> South Pacific and Calgary will
each:</p>
<ol class="italic">
<li>register, within 6 weeks of signing this undertaking, a
prospectus that complies with the Securities Act and the
Regulations (<strong>Prospectus</strong>); and</li>
<li>distribute an investment statement that complies with the
Securities Act and the Regulations (<strong>Investment
Statement</strong> and, together with the Prospectus, the
<strong>Offer Documents</strong>) to all shareholders who have
subscribed for equity securities under the Original Offer
(<strong>Shareholders</strong>).</li>
</ol>
<p><span class="number">9.</span> South Pacific and Calgary will
inform Shareholders who currently hold securities allotted in
possible breach of the Securities Act of their rights in terms of
section 37 of the Securities Act and offer each Shareholder the
opportunity to either</p>
<ol class="italic">
<li>have their subscriptions under the Original Offer, together
with interest (if applicable), refunded immediately; or</li>
<li>re-invest their subscriptions under the Original Offer,
together with interest (if applicable), on the basis of the Offer
Documents.</li>
</ol>
<p><span class="number">10.</span> South Pacific and Calgary will
hold all unapplied subscription monies received under the Original
Offer in trust until the applicable Shareholders either reapply for
equity securities under the Offer Documents or have their
subscriptions, together with interest (if applicable),
refunded.</p>
<p><span class="number">11.</span> South Pacific and Calgary will
immediately refund the subscription, together with interest (if
applicable), of any Shareholder who:</p>
<ol class="italic">
<li>requests a refund pursuant to the Offer Documents; or</li>
<li>does not, within 15 working days of the date of the Offer
Documents, reapply for equity securities under the Offer
Documents.</li>
</ol>
</div>
<h2>Acknowledgments</h2>
<div class="legal-paras">
<p><span class="number">12.</span> South Pacific and Calgary and
the directors of South Pacific and Calgary acknowledge that the
Commission:</p>
<ol class="italic">
<li>may issue a media release referring to the undertaking and to
the concerns of the Commission which led to the undertaking being
executed;</li>
<li>may from time to time publicly refer to the undertaking;
and</li>
<li>will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">13.</span> South Pacific and Calgary and
the directors of South Pacific and Calgary acknowledge that this
undertaking does not derogate from the rights and remedies
available to the Commission or to any other person or entity
arising from the conduct described in the undertaking.</p>
<p><span class="number">14.</span> South Pacific and Calgary and
the directors of South Pacific and Calgary acknowledge that the
Commission's acceptance of an enforceable undertaking under section
69J of the Securities Act does not affect the Commission's power to
investigate future conduct of any person, to take any action or
exercise any power under the Securities Act or any other
legislation, or to refer any matter for criminal prosecution or
seek any civil penalty.</p>
</div>
<p>Signed for and on behalf of <strong>South Pacific Energy
Limited</strong><br />
by its duly appointed officers:</p>
<p><strong>Paul Twynham</strong><br />
[Director]</p>
<p><strong>Dene Biddlecombe</strong><br />
[Director]</p>
<p>Signed for and on behalf of <strong>Calgary
Limited</strong><br />
by its duly appointed officers:</p>
<p><strong>Paul Twynham</strong><br />
[Director]</p>
<p><strong>Dene Biddlecombe</strong><br />
[Director]</p>
<p>Signed by the directors of <strong>South Pacific Energy
Limited</strong>:</p>
<p><strong>Paul Twynham</strong></p>
<p><strong>Dene Biddlecombe</strong></p>
<p><strong>Bruce Harnett</strong></p>
<p><strong>Bill Treuren</strong></p>
<p><strong>Murray Hosking</strong></p>
<p>Signed by the directors of <strong>Calgary Petroleum
Limited</strong>:</p>
<p><strong>Paul Twynham</strong></p>
<p><strong>Dene Biddlecombe</strong></p>
<p><strong>Bill Treuren</strong></p>
<p><strong>Bruce Harnett</strong></p>
<p><strong>Murray Hosking</strong></p>
<p>Accepted by the <strong>Securities Commission</strong> pursuant
to<br />
section 69J of the Securities Act 1978 by<br />
its authorised delegate:</p>
<p><strong>Liam Mason</strong><br />
General Counsel</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/monaco-village-holdings-limited,-robert-michael-gepp-and-roderick-hugh-duke/Monaco Village Holdings Limited, Robert Michael Gepp and Roderick Hugh Duke2013-03-27T18:48:01+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Securities Commission for acceptance under the Securities Act 1978 by Monaco Village Holdings Limited</div><div id="body">
<p>4 July 2005</p>
<div class="legal-paras">
<h2><span class="number">1.</span> Introduction</h2>
<p><span class="number">1.1</span>This undertaking is offered to
the Securities Commission for acceptance under section 69J of the
Securities Act 1978 by:</p>
<p><strong>MONACO VILLAGE HOLDINGS LIMITED</strong> (1312124)
("Company"), a company incorporated on 29 May 2003 whose registered
office is at: <em>Cl-</em> Richards Woodhouse, 105 Trafalgar
Street, Nelson.</p>
<p>And by the directors of the Company:</p>
<p><strong>ROBERT MICHAEL GEPP</strong> whose address is 8 Point
Road, Monaco, Nelson and<br />
<strong>RODERICK HUGH DUKE</strong> whose address is 33 Enner
Glynn Road, Enner Glynn, Nelson ("the Directors").</p>
<h2><span class="number">2.</span> Background</h2>
<p><span class="number">2.1</span>The Company is developing a
tourist accommodation facility in Nelson referred to as Monaco
Hotel and Resort (also known as Monaco Village) ("the
Development"). The tourist accommodation development, when
complete, will comprise approximately 109 accommodation units
within the complex (comprising villas, studios and apartments) plus
a further 21 accommodation units already completed and operating as
Hotel Monaco. In addition to these tourist accommodation units, the
completed Monaco Hotel and Resort complex will contain a conference
facility, health spa and gymnasium area, a boutique pub/tavern, a
cafe restaurant and three shops.</p>
<p><span class="number">2.2</span>The Company intends to offer to
sell each accommodation unit within the Development to the public
as a unit title under the Unit Titles Act 1972.</p>
<p><span class="number">2.3</span>Some of the accommodation units
have already been sold, with settlement pending on the issue of
title for those units, on a stage by stage basis, under the Unit
Titles Act 1972 following completion of the construction of the
relevant block of villas/studios. Hotel Monaco, comprising 21
units, and Orchard Villas, comprising 9 units, are now held in
investor ownership following settlement of the sale of those units
in May/June 2004 and February 2005 after, following the issue of
title for those units under the Unit Titles Act 1972. They are
already operating under managed lease arrangements with the hotel
and resort management operator <strong>MONACO VILLAGE MANAGEMENT
LIMITED</strong> as the lessee of the units.</p>
<p><span class="number">2.4</span>The Company proposes that each
accommodation unit sold within the development will be subject to a
lease granted to <strong>MONACO VILLAGE MANAGEMENT LIMITED</strong>
("Monaco Management"). Monaco Management will operate and manage
the tourist accommodation complex. The Company and Monaco
Management are controlled by the same interests. Monaco Management
will administer the rent for each unit on a block by block
basis.</p>
<p><span class="number">2.5</span>The Company and Monaco Management
wish to administer the rental income payable to each unit owner on
a pooled income basis, with income/expenses derived from guests
occupying all accommodation units pooled together within each
relevant block of units, on a block by block basis. The Company and
Monaco Management believe that income pooling is more efficient
allowing cost savings, provides a fairer return to unit owners, and
has a measure of support within the tourist accommodation industry.
The rental income for some units is already being administered on a
pooled income basis for each block.</p>
<h3>Contravention of Securities Act 1978 and Securities Regulations
1983</h3>
<p><span class="number">2.6</span>The Company and Monaco Management
accept that the offer or allotment of securities in the form of an
interest in the income pooling scheme to existing or prospective
unit holders, constitutes the offer of a participatory security to
the public for the purposes of the Securities Act 1978. Such
participatory securities have been offered to the public for
subscription, and in some cases allotted, without a registered
prospectus or an investment statement, or an applicable exemption,
in contravention of the requirements of the Securities Act 1978 and
the Securities Regulations 1983.</p>
<p><span class="number">2.7</span>The Company and its Directors
were, at the time of the offer and allotment of the interests in
the income pooling scheme arrangements ("the Securities"), unaware
that such offers and allotment were made in contravention of the
Securities Act 1978. In the context of applying for an exemption,
the Company and its Directors have advised the Commission of the
breach, and have acknowledged the Commission's concerns regarding
this. In the interests of achieving longer term certainty for the
Development, the Company and its Directors wish to remedy the
situation, and to ensure that no further breaches occur. They have
offered the undertakings set out below.</p>
<h2><span class="number">3.</span>Future Offers of Securities</h2>
<p><span class="number">3.1</span>The Company has applied to the
Commission for an exemption regarding the accommodation units and
commercial components of the proposed Monaco Village development in
the interests of achieving longer term certainty for the
Development. The Company has applied for exemptions from sections
33(3), 37, 37A, and 51 to 54 of the Securities Act 1978 in respect
of future offers of Securities.</p>
<h2><span class="number">4.</span>Undertakings</h2>
<p><span class="number">4.1</span>The Company and its Directors
will not offer further Securities to the public for subscription,
other than in accordance with any applicable exemption granted by
the Commission, or in an investment statement, registered
prospectus, or authorised advertisement which complies with the
Securities Act 1978 and the Securities Regulations 1983.</p>
<p><span class="number">4.2</span>In relation to the Securities
already offered to persons who have entered into sale and purchase
agreements to purchase property in the Development, whether settled
or unsettled, the Company:</p>
<ol class="letter">
<li>Will give written notice to each such person in accordance with
the notice provision in the agreement entered into with the
purchaser of the contravention or possible contravention of the
Securities Act 1978 and provide each such person with all
documentation required to be provided before subscription or
allotment (as the case may be) as set out in the specific exemption
granted by the Commission.</li>
<li>Will re-offer to each such person the "lease back" arrangements
of all accommodation units to Monaco Management on the basis of the
income pooling scheme whereby net pooled income will be distributed
to unit owners, on a block by block basis.</li>
<li>Will request that each such person approve their willingness to
participate in such income pooling scheme.</li>
<li>In circumstances where such persons do not request to
participate under the re-offer proposal in an income pooling scheme
regarding net rental, administered on a block by block basis, the
Company will take appropriate steps to administer and account for
the rental income derived from the relevant person's unit on a per
unit basis and take appropriate steps to separately account for
income and expenditure regarding the relevant unit.</li>
</ol>
<h2><span class="number">5.</span>Acknowledgements</h2>
<p><span class="number">5.1</span>The Company and its Directors
acknowledge that the Commission:</p>
<ol class="letter">
<li>May issue a media release referring to the undertaking and to
the concerns of the Commission which led to the undertaking being
executed;</li>
<li>May from time to time publicly refer to the undertaking;
and</li>
<li>Will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">5.2</span>The Company and its Directors
acknowledge that this undertaking does not derogate from the rights
and remedies available to the Commission or to any other person or
entity arising from the conduct described in this undertaking.</p>
<p><span class="number">5.3</span>The Company and its Directors
acknowledge that the Commission's acceptance of an enforceable
undertaking under section 69J of the Securities Act 1978 does not
affect the Commission's power to investigate future conduct of any
person, to take any action or to exercise any power under the
Securities Act 1978 or any other legislation, or to refer any
matter for criminal prosecution or seek any civil penalty.</p>
</div>
<p><strong>SIGNED</strong> for and on behalf <strong>MONACO VILLAGE
HOLDINGS LIMITED</strong> by its duly authorised officers:</p>
<p><strong>ROBERT MICHAEL GEPP</strong></p>
<br />
<p><strong>RODERICK HUGH DUKE</strong></p>
<br />
<p><strong>SIGNED</strong> by <strong>ROBERT MICHAEL
GEPP</strong>:<br />
<br />
</p>
<p><strong>ROBERT MICHAEL GEPP</strong></p>
<br />
<p><strong>SIGNED</strong> by <strong>RODERICK HUGH
DUKE</strong>:<br />
<br />
<br />
<strong>RODERICK HUGH DUKE</strong></p>
<br />
<br />
<p><strong>ACCEPTED</strong> by the <strong>SECURITIES
COMMISSION</strong> pursuant to section 69J of the Securities Act
1978 by its authorised delegate:</p>
<br />
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/contributory-mortgage-investments-limited/Contributory Mortgage Investments Limited2013-03-27T18:48:00+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Commission for acceptance under section 69J of the Act by; CMI, CMN, John Martin and Ron Jamieson.</div><div id="body">
<p>20 June 2007</p>
<p>This undertaking is offered to the Securities Commission
("Commission") for acceptance under section 69J of the Securities
Act 1978 ("the Act") by:</p>
<p><strong>Contributory Mortgage Investments Limited</strong>
("<strong>CMI</strong>"), contributory mortgage broker, Eden
Crescent, Auckland</p>
<p>and by</p>
<p><strong>Contributory Mortgage Nominees Limited</strong>
("<strong>CMN</strong>"), nominee company for CMI, Eden Crescent,
Auckland</p>
<p>and by</p>
<p><strong>John Leonard Martin</strong> ("<strong>John
Martin</strong>"), director of CMI and CMN</p>
<p>and by</p>
<p><strong>Ronald Spencer Jamieson</strong> ("<strong>Ron
Jamieson</strong>"), alternate director for John Martin of CMI and
CMN</p>
<p>(together "the parties")</p>
<h2>Background</h2>
<div class="legal-paras">
<p><span class="number">1.</span>CMI is registered and carries on
business as a contributory mortgage broker. CMN is its nominee
company. John Martin is a director of both companies and Ron
Jamieson is his alternate director.</p>
<p><span class="number">2.</span>CMI has not offered new mortgages
to the public since September 2005. Eight mortgages remain under
CMI's management and are all in default. CMI is endeavouring to
sell the properties held as security for these mortgages and are
taking some other steps to recover contributors' funds. Two
mortgages have been settled by CMI at a loss to contributors. A
further two mortgages were removed from CMI's management in
December 2006 under section 44B of the Act. At the time of their
removal principal and interest was outstanding to contributors.</p>
<p><span class="number">3.</span>The Commission accepted
enforceable undertakings from CMI, CMN, John Martin and Peter van
Nieuwkoop in February 2006. It also removed the Otahuna 1st and 2nd
mortgages from CMI's management in December 2006, as noted above.
The Commission has continued to investigate the situation and has
further concerns about a number of aspects of the parties'
compliance with the law and conduct in the offer and management of
contributory mortgages including:</p>
<ol class="letter">
<li>the legality of deductions that have been made, and are
proposed to be made, from proceeds of security held for the
mortgages under CMI's management to pay to, or for the benefit of,
CMI or associated persons in priority to distribution of funds
owing to contributors;</li>
<li>the adequacy of CMI's disclosure in relation to the risks of
investment in some of the mortgages it offered;</li>
<li>the time taken by CMI to notify contributors of borrowers'
defaults in some cases;</li>
<li>conflicts of interest between CMI's own interests and the
interests of contributors where funds are claimed by CMI or where
CMI may have potential liability to contributors for loss arising
in respect of any mortgages.</li>
</ol>
<p><span class="number">4.</span>The Commission has decided to
obtain an opinion of the Court regarding certain legal issues, in
particular the legality of deductions claimed by the parties in
priority to contributors from proceeds of security held for the
mortgages. The Commission considers the interests of contributors
will be best served by seeking such a determination before
considering whether or not to further exercise its powers under
section 44B of the Act to replace CMI as broker of the
mortgages.</p>
<p><span class="number">5.</span>The parties have given certain
oral undertakings and by this document agree to extend those to the
undertakings (set out below) to preserve the position of current
contributors and not to offer new securities in the meantime.</p>
<p><span class="number">6.</span>The Commission has accepted these
undertakings to preserve the position of contributors pending
determination of legal issues and any further consideration by the
Commission of its powers under section 44B.</p>
</div>
<h2>Undertakings</h2>
<div class="legal-paras">
<h3>Restraint from offering securities</h3>
<p><span class="number">7.</span>CMI and CMN will not offer or
promote interests in contributory mortgages, or interests in any
other securities, to the public until after 31 March 2008.</p>
<p><span class="number">8.</span>Mr Martin will not offer or
promote interests in contributory mortgages, or interests in any
other securities, to the public until after 31 March 2008
either:</p>
<ol class="letter">
<li>as director of CMI or director of CMN;</li>
<li>as an issuer, or as a director of an issuer, or a promoter, or
director of a promoter.</li>
</ol>
<p><span class="number">9.</span>Mr Jamieson will not offer or
promote interests in contributory mortgages, or interests in any
other securities, to the public as a director of CMI or director of
CMN until after 31 March 2008, it being understood that upon
cessation of Mr Jamieson's directorial roles in both CMI and CMN
any post-resignation obligations under this undertaking shall
cease.</p>
<h3>Maintenance of funds received in respect of mortgages under
CMI's management</h3>
<p><span class="number">10.</span>All monies received by any of the
parties in relation to the mortgages currently under CMI's
management will be paid directly into CMN's trust account.</p>
<p><span class="number">11.</span>No distribution of any money will
be made from funds held in this trust account other than:</p>
<ol class="letter">
<li>to a registered contributor to the mortgage in respect of which
the funds have been received in proportion to that contributor's
contribution to that mortgage;</li>
<li>for disbursements payable to persons not associated with CMI,
CMN or its directors incurred in connection with the exercise on
behalf of contributors of the powers of the mortgagee under the
mortgage, including reasonable legal fees;</li>
<li>in accordance with a decision of the Court.</li>
</ol>
<p><span class="number">12.</span>CMI will procure that at the end
of each calendar month the accounting records pertaining to
mortgages remaining under CMI's management will be audited by an
independent chartered accountant and that the auditor will report
to the Commission on the following matters within 25 working days
of the end of the calendar month to which the report relates:</p>
<ol class="letter">
<li>the source and amount of funds received in respect of each
mortgage;</li>
<li>any distribution of funds made in respect of each mortgage,
including:
<ol class="italic">
<li>the total amount of funds distributed to registered
contributors for each mortgage;</li>
<li>details of the recipient, nature and amounts of any
disbursements paid in connection with any mortgage;</li>
</ol>
</li>
<li>the amount of funds retained in the trust account for each
mortgage and details of the nature and amounts of any claim to
which those funds are subject;</li>
<li>whether all funds received in respect of each mortgage are
properly accounted for and whether the total of each ledger kept
for each mortgage balances with the total of funds maintained in
the trust account;</li>
<li>whether any funds have been paid out of the trust account
otherwise than in accordance with these Enforceable
Undertakings;</li>
<li>whether accounting records for each mortgage have been
maintained in accordance with good accounting practice.</li>
</ol>
<p>The first report to be received is to be in respect of the month
of May 2007</p>
<h3>Provision of information to Commission</h3>
<p><span class="number">13.</span>The parties will promptly provide
all information and documents sought by the Commission, and
otherwise reasonably and promptly co-operate with the Commission,
to assist the Commission in its legal proceedings referred to in
paragraph 4 above.</p>
<p><span class="number">14.</span>In particular the parties will
provide within 20 working days of the date of this Enforceable
Undertaking all information and documents in respect of each
mortgage offered to the public by CMI upon which the parties intend
to rely in claiming a right to the payment of funds from proceeds
of security held for any mortgages in priority to contributors to
the mortgages.</p>
</div>
<h2>Acknowledgements</h2>
<div class="legal-paras">
<p><span class="number">15.</span>The parties acknowledge that the
Commission:</p>
<ol class="letter">
<li>may comment publicly on the undertaking and about the concerns
of the Commission which led to the undertaking being executed;</li>
<li>may from time to time publicly refer to the undertaking;
and</li>
<li>may make this undertaking available for public inspection.</li>
</ol>
<p><span class="number">16.</span>The parties acknowledge that this
undertaking does not derogate from the rights and remedies
available to the Commission or to any other person or entity
arising from the conduct described in the undertaking.</p>
<p><span class="number">17.</span>The parties acknowledge that the
Commission's acceptance of an enforceable undertaking under section
69J of the Act does not affect the Commission's power to
investigate the conduct of any person, to take any action or
exercise any power under the Act, or any other legislation, or to
refer any matter for criminal prosecution or seek any civil
penalties</p>
</div>
<p>Signed for and on behalf of <strong>CMI</strong><br />
by its duly authorised officer <strong>Mr Ron Jamieson, Alternate
Director for Mr John Martin</strong>:</p>
<p>Signed for and on behalf of <strong>CMN</strong><br />
by its duly authorised officer <strong>Mr Ron Jamieson</strong>,
<strong>Alternate Director for Mr John Martin</strong>:</p>
<p>Signed on behalf of <strong>Mr John Martin</strong><br />
<strong>by his attorney Douglas Kim Fisher</strong>:</p>
<p>Signed by <strong>Mr Ron Jamieson</strong></p>
<p>Accepted by the <strong>Securities Commission</strong><br />
pursuant to section 69J of the Securities Act 1978<br />
by its authorised delegate:</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/kensington-park-properties-limited,-patrick-marinus-fontein/Kensington Park Properties Limited, Patrick Marinus Fontein2013-03-27T18:48:00+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Commission for acceptance under section the Act by Kensington Park Properties Limited and by the directors</div><div id="body">
<p>5 March 2007</p>
<div class="legal-paras">
<h2><span class="number">1.</span> Introduction</h2>
<p><span class="number">1.1</span> This undertaking is offered to
the Securities Commission for acceptance under section 69J of the
Securities Act 1978 by:</p>
<ol class="letter">
<li>
<p>Kensington Park Properties Limited (1756692)
("<strong>Company</strong>"), a company incorporated on 18 January
2006, whose registered office is at:<br />
<br />
Level 3, Kensington House<br />
52-54 Grafton Road<br />
Grafton<br />
Auckland<br />
C/o Caroline Beaumont</p>
<p><strong>And</strong> by the directors of the Company:</p>
</li>
<li>Patrick Marinus Fontein whose address is 192 Orakei Road,
Remuera, Auckland and Allan Graham Clarke whose address is 363
Hibiscus Coast, Orewa, Auckland (the
"<strong>Directors</strong>")</li>
</ol>
<h2><span class="number">2.</span> Background</h2>
<p><span class="number">2.1</span>The Company is the developer of
land situated on the site generally bounded by Puriri Avenue,
Centreway Road, Millennial Way and Alice Eaves Scenic Reserve in
Orewa, Auckland and known as Kensington Park
("<strong>Land</strong>").</p>
<p><span class="number">2.2</span> The Company is constructing a
predominantly residential development on the Land ("the
<strong>Development</strong>"). The Development is due to be
completed in the following stages:</p>
<table>
<colgroup>
<col class="main-col" />
<col class="total-col" />
<col class="under-construnction-col" />
<col class="completed-col" />
<col class="facilities-col" /></colgroup>
<thead>
<tr>
<th>Stage</th>
<th>Number of properties</th>
<th>No. under construction</th>
<th>No. completed</th>
<th>Common Facilities (indicative)</th>
</tr>
</thead>
<tbody>
<tr>
<th>1A</th>
<td>11</td>
<td>11</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>1B</th>
<td>56</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>1C</th>
<td>8</td>
<td>Not started</td>
<td>0</td>
<td>Reserves and recreational features</td>
</tr>
<tr>
<th>2A</th>
<td>12</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>2B</th>
<td>7</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>2C</th>
<td>30</td>
<td>Not started</td>
<td>0</td>
<td>Reserves and water feature</td>
</tr>
<tr>
<th>2D</th>
<td>11</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>2E</th>
<td>30</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>3A</th>
<td>16</td>
<td>Not started</td>
<td>0</td>
<td>Reserves, water feature,</td>
</tr>
<tr>
<th>3B</th>
<td>48</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>3C</th>
<td>64</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>4A</th>
<td>32</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>4B</th>
<td>48</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>4C</th>
<td>32</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<th>5</th>
<td>145</td>
<td>Not started</td>
<td>0</td>
<td>Reserves and recreational features</td>
</tr>
<tr>
<th>6</th>
<td>200</td>
<td>Not started</td>
<td>0</td>
<td>Reserves</td>
</tr>
</tbody>
</table>
<p><span class="number">2.3</span> During the course of
construction of the Development, numerous common facilities will
progressively be established for the benefit of residents of the
Development ("<strong>Common Facilities</strong>").</p>
<p><span class="number">2.4</span> A society, to be incorporated
under the Incorporated Societies Act 1908, (the
"<strong>Society</strong>") will be established for the purpose of,
inter alia, establishing and enforcing bylaws of the Development;
and owning, managing, maintaining and ensuring the proper use of
the Common Facilities.</p>
<h2><span class="number">3.</span> Contravention of Securities Act
1978</h2>
<p><span class="number">3.1</span> The Company and the Directors
accept that the offer of securities in the form of membership in
the Society confers a right to participate in ownership and use of
the Common Facilities in the Development. Accordingly, persons who
enter into sale agreements to purchase property in the Development
also subscribe for participatory securities through membership of
the Society ("<strong>Securities</strong>"). Securities have been
offered to the public for subscription, without a registered
prospectus or an investment statement, in contravention of the
requirements of the Securities Act 1978 and the Securities
Regulations 1983.</p>
<p><span class="number">3.2</span> The Company and the Directors
were, at the time of offer of the Securities, unaware that such
offers were made in contravention of the Securities Act 1978.</p>
<p><span class="number">3.3</span> The Company and the Directors
have advised the Commission of the breach, and acknowledge the
Commission's concerns about this. The Company and the Directors
wish to remedy the situation, and to ensure that no further
breaches occur. They have offered the undertakings set out
below.</p>
<h2><span class="number">4.</span> Undertakings</h2>
<p><span class="number">4.1</span> The Company and the Directors
will not offer further Securities to the public for subscription,
other than in an investment statement, registered prospectus, or
authorised advertisement that complies with the Securities Act 1978
and the Securities Regulations 1983, or in accordance with any
applicable exemption contained in the Securities Act 1978 or
granted by the Commission.</p>
<p><span class="number">4.2</span> The Company and the Directors
will put procedures in place to ensure any advertisements
containing an offer of further Securities comply with the
Securities Act 1978 and the Securities Regulations 1983, subject to
any applicable exemption contained in the Securities Act 1978 or
granted by the Commission.</p>
<p><span class="number">4.3</span> The Company and the Director
will offer any investor who subscribed for Securities in
contravention of the Securities Act 1978 and the Securities
Regulations 1983 the opportunity to:</p>
<ol class="letter">
<li>cancel their subscription and receive a refund of their
subscription monies together with interest in terms of section 37
and 37A of the Securities Act 1978; or</li>
<li>re-subscribe for their Securities under the terms and
conditions of the Securities Act (Kensington Park Properties
Limited) Exemption Notice 2007.</li>
</ol>
<p><span class="number">4.4</span> If any such investor exercises
his or her rights under sections 37 or 37A, then the Company and
the directors will cancel the securities allotted to such investors
and refund the investor's subscription monies together with
interest within 15 working days of the closing date of the
offer.</p>
<h2><span class="number">5.</span> Acknowledgments</h2>
<p><span class="number">5.1</span> The Company and the Directors
acknowledge that the Commission:</p>
<ol class="letter">
<li>may issue a media release referring to the undertaking and to
the concerns of the Commission which led to the undertaking being
executed;</li>
<li>may from time to time publicly refer to the undertaking;
and</li>
<li>will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">5.2</span> The Company and the Directors
acknowledge that this undertaking does not derogate from the rights
and remedies available to the Commission or to any other person or
entity arising from the conduct described in this undertaking.</p>
<p><span class="number">5.3</span> The Company and the Directors
acknowledge that the Commission's acceptance of an enforceable
undertaking under section 69J of the Securities Act 1978 does not
affect the Commission's power to investigate future conduct of any
person, to take any action or to exercise any power under the
Securities Act 1978 or any other legislation, or to refer any
matter for criminal prosecution or seek any civil penalty.</p>
</div>
<p>Signed for and on behalf of Kensington Park Properties Limited
by its duly authorised officer:</p>
<p>[Patrick Marinus Fontein]</p>
<p>[Allan Graham Clarke]</p>
<p>Accepted by the Securities Commission pursuant to section 69J of
the Securities Act 1978 by its authorised delegate:</p>
<p>[Liam Mason]</p>
<p>General Counsel</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/huka-falls-resort-limited,-patrick-marinus-fontein/Huka Falls Resort Limited, Patrick Marinus Fontein2013-03-27T18:48:00+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Commission for acceptance under section 69J of the Securities Act 1978 by Huka Falls Resort Limited</div><div id="body">
<p>5 March 2007</p>
<div class="legal-paras">
<h2><span class="number">1.</span> Introduction</h2>
<p><span class="number">1.1</span> This undertaking is offered to
the Securities Commission for acceptance under section 69J of the
Securities Act 1978 by:</p>
<ol class="letter">
<li>
<p>Huka Falls Resort Limited (1719017)("<strong>Company</strong>"),
a company incorporated on 14 November 2005, whose registered office
is at:<br />
<br />
Level 3, Kensington House<br />
52-54 Grafton Road<br />
Grafton<br />
Auckland<br />
C/o Caroline Beaumont</p>
<p><strong>And</strong> by the sole director of the Company:</p>
</li>
<li>
<p>Patrick Marinus Fontein whose address is 192 Orakei Road,
Remuera, Auckland (the "<strong>Director</strong>")</p>
</li>
</ol>
<h2><span class="number">2.</span> Background</h2>
<p><span class="number">2.1</span>The Company is the developer of
land situated on the site generally bounded by Huka Falls Road and
State Highway 1 in Taupo and known as Huka Falls Resort
("<strong>Land</strong>").</p>
<p><span class="number">2.2</span>The Company is constructing a
predominantly residential development on the Land ("the
Development"). The Development is due to be completed in the
following stages:</p>
<table>
<thead>
<tr>
<th scope="col">Stage</th>
<th scope="col">Number of properties</th>
<th scope="col">No. under construction</th>
<th scope="col">No. completed</th>
<th scope="col">Common Facilities (indicative)</th>
</tr>
</thead>
<tbody>
<tr>
<td>1A</td>
<td>22</td>
<td>8</td>
<td>0</td>
<td>Reserves</td>
</tr>
<tr>
<td>1B</td>
<td>45 (estimated)</td>
<td>Not started</td>
<td>0</td>
<td>Reserves and pool</td>
</tr>
<tr>
<td>2</td>
<td>300 (estimated)</td>
<td>Not started</td>
<td>0</td>
<td>Reserves and recreational facilities</td>
</tr>
</tbody>
</table>
<p><span class="number">2.3</span>During the course of construction
of the Development, numerous common facilities will progressively
be established for the benefit of those people that purchase
properties in the Development ("<strong>Common
Facilities</strong>").</p>
<p><span class="number">2.4</span>A society, to be incorporated
under the Incorporated Societies Act 1908, (the
"<strong>Society</strong>") will be established for the purpose of,
inter alia, establishing and enforcing bylaws of the Development;
and owning, managing, maintaining and ensuring the proper use of
the Common Facilities.</p>
<h2><span class="number">3.</span> Contravention of Securities Act
1978</h2>
<p><span class="number">3.1</span>The Company and the Director
accept that the offer of securities in the form of membership in
the Society confers a right to participate in ownership and use of
the Common Facilities in the Development. Accordingly, persons who
enter into sale agreements to purchase property in the Development
also subscribe for participatory securities through membership of
the Society ("<strong>Securities</strong>"). Securities have been
offered to the public for subscription, without a registered
prospectus or an investment statement, in contravention of the
requirements of the Securities Act 1978 and the Securities
Regulations 1983.</p>
<p><span class="number">3.2</span>The Company and the Director
were, at the time of offer of the Securities, unaware that such
offers were made in contravention of the Securities Act 1978.</p>
<p><span class="number">3.3</span>The Company and the Director have
advised the Commission of the breach, and acknowledge the
Commission's concerns about this. The Company and the Director wish
to remedy the situation, and to ensure that no further breaches
occur. They have offered the undertakings set out below.</p>
<h2><span class="number">4.</span> Undertakings</h2>
<p><span class="number">4.1</span>The Company and the Director will
not offer further Securities to the public for subscription, other
than in an investment statement, registered prospectus, or
authorised advertisement that complies with the Securities Act 1978
and the Securities Regulations 1983, or in accordance with any
applicable exemption contained in the Securities Act 1978 or
granted by the Commission.</p>
<p><span class="number">4.2</span>The Company and the Director will
put procedures in place to ensure any advertisements containing an
offer of further Securities comply with the Securities Act 1978 and
the Securities Regulations 1983, subject to any applicable
exemption contained in the Securities Act 1978 or granted by the
Commission.</p>
<p><span class="number">4.3</span>The Company and the Director will
offer any investor who subscribed for Securities in contravention
of the Securities Act 1978 and the Securities Regulations 1983 the
opportunity to:</p>
<ol class="letter">
<li>cancel their subscription and receive a refund of their
subscription monies together with interest in terms of section 37
and 37A of the Securities Act 1978; or</li>
<li>re-subscribe for their Securities under the terms and
conditions of the Securities Act (Huka Falls Resort Limited)
Exemption Notice 2007.</li>
</ol>
<p><span class="number">4.4</span>If any such investor exercises
his or her rights under sections 37 or 37A, then the Company and
the Director will refund the investor's subscription monies
together with interest within 15 working days of the closing date
of the offer.</p>
<h2><span class="number">5.</span> Acknowledgments</h2>
<p><span class="number">5.1</span>The Company and the Director
acknowledge that the Commission:</p>
<ol class="letter">
<li>may issue a media release referring to the undertaking and to
the concerns of the Commission which led to the undertaking being
executed;</li>
<li>may from time to time publicly refer to the undertaking;
and</li>
<li>will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">5.2</span>The Company and the Director
acknowledge that this undertaking does not derogate from the rights
and remedies available to the Commission or to any other person or
entity arising from the conduct described in this undertaking.</p>
<p><span class="number">5.3</span>The Company and the Director
acknowledge that the Commission's acceptance of an enforceable
undertaking under section 69J of the Securities Act 1978 does not
affect the Commission's power to investigate future conduct of any
person, to take any action or to exercise any power under the
Securities Act 1978 or any other legislation, or to refer any
matter for criminal prosecution or seek any civil penalty.</p>
</div>
<p>Signed for and on behalf of Huka Falls Resort Limited by its
duly authorised officer:</p>
<p>[Patrick Marinus Fontein]</p>
<p>Accepted by the Securities Commission pursuant to section 69J of
the Securities Act 1978 by its authorised delegate:</p>
<p>[Liam Mason]</p>
<p>General Counsel</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/anz-national-bank-limited-and-ing-(nz)-limited/ANZ National Bank Limited and ING (NZ) Limited2013-03-27T18:47:59+13:00Financial Markets Authority<div id="teaser-text">The Commerce Commission has investigated alleged contraventions of the Fair Trading Act 1986 by ING (NZ) and other entities</div><div id="body">
<p>This is part of a settlement deed. <a
title="Deed of Settlement: ANZ and ING"
href="/laws-we-enforce/enforcement/reports-and-outcomes/deed-of-settlement-anz-and-ing/">See Deed of Settlement: ANZ and
ING</a></p>
<p>22 June 2010</p>
<div class="legal-paras">
<h2><span class="number">1.</span> Introduction</h2>
<p><span class="number">1.1</span> This undertaking is offered to
the Securities Commission for acceptance under section 69J of the
Securities Act 1978 by:</p>
<ol class="letter">
<li>
<p>ANZ National Bank Limited ("ANZN")<br />
Level 6, 1 Victoria Street<br />
1 -9 Victoria Street<br />
WELLINGTON</p>
<p><strong>and by</strong></p>
</li>
<li>ING (NZ) Limited ("ING (NZ)")<br />
Level 27<br />
ASB Bank Centre<br />
135 Albert Street<br />
AUCKLAND</li>
</ol>
<h2><span class="number">2.</span> Background</h2>
<p><span class="number">2.1</span> The Commerce Commission has
investigated alleged contraventions of the Fair Trading Act 1986 by
ING (NZ) and other entities in relation to the marketing, promotion
and sale of the ING Diversified Yield Fund and ING Regular Income
Fund (together the "Funds").</p>
<p><span class="number">2.2</span> ANZN, ING (NZ) and the Commerce
Commission have entered into the Commerce Commission Settlement
Deed as attached to this enforceable undertaking. Under the
Commerce Commission Settlement Deed, ING (NZ) and ANZN acknowledge
that some of their conduct in relation to the Funds may have
breached the Fair Trading Act 1986 and have agreed to make further
payments to eligible investors in the aggregate amount of NZ$45
million. The Commerce Commission has agreed that it will not issue
civil or criminal proceedings against ANZN, ING (NZ) and/or each of
their Related Parties in relation to the Funds and will not issue
civil proceedings against any other person in relation to the
Funds.</p>
<p><span class="number">2.3</span> The background to the Commerce
Commission's investigation is set out in the Commerce Commission
Settlement Deed.</p>
<h2><span class="number">3.</span> Securities laws</h2>
<p><span class="number">3.1</span> ING (NZ) acknowledges that the
Securities Commission might consider that some of ING (NZ)'s
alleged breaches of the Fair Trading Act the subject of the
Commerce Commission Settlement Deed, if prosecuted and proven, may
constitute breaches of the Securities Act 1978 or other securities
laws.</p>
<p><span class="number">3.2</span> ING (NZ) acknowledges the
Securities Commission's concerns about the Funds and wishes to
ensure ongoing compliance with the Securities Act 1978 and other
securities laws.</p>
<p><span class="number">3.3</span> Given the investigation
conducted by the Commerce Commission, the Securities Commission has
not separately investigated the conduct and disclosure matters the
subject of the Commerce Commission Settlement Deed. The Securities
Commission has considered the Commerce Commission Settlement Deed
and is of the view that it achieves an appropriate outcome for
investors in the Funds.</p>
<p><span class="number">3.4</span> ING (NZ) and ANZN have offered
the undertakings set out below. The Securities Commission has
agreed to accept these undertakings under section 69J of the
Securities Act 1978.</p>
<h2><span class="number">4.</span> Undertakings</h2>
<p><span class="number">4.1</span> ING (NZ) undertakes to engage an
external party reasonably acceptable to the Securities Commission
to complete, by 1 February 2011 (or a later date agreed between the
Parties), an audit and review of the following ING (NZ) procedures
and processes to the extent that they relate to ING (NZ)'s business
of developing and offering investment products to the public:</p>
<ol class="letter">
<li>processes and procedures for product development,</li>
<li>marketing procedures,</li>
<li>procedures for the preparation of disclosure and marketing
documentation, and</li>
<li>procedures for securities advertising and securities
offerings,</li>
</ol>
<p>and to subsequently implement the recommendations of that
review.</p>
<p><span class="number">4.2</span> ING (NZ) undertakes to, by 1
April 2011 (or a later date agreed between the Parties), provide to
the Securities Commission a confidential report on the findings and
recommendations of the audit and review referred to in paragraph
4.1 above.</p>
<p><span class="number">4.3</span> ANZN undertakes to facilitate
and assist the ING (NZ) audit, review and implementation as set out
in paragraph 4.1 above.</p>
</div>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/foodstuffs-(wellington)-co-operative-society-limited/Foodstuffs (Wellington) Co-Operative Society Limited2013-03-27T18:47:59+13:00Financial Markets Authority<div id="teaser-text">This undertaking is offered to the Securities Commission for acceptance under section 69J of the Securities Act 1978 by Foodstuffs (Wellington)</div><div id="body">
<p>7 April 2008</p>
<div class="legal-paras">
<h2><span class="number">1</span> Introduction</h2>
<p><span class="number">1.1</span> This undertaking is offered to
the Securities Commission for acceptance under section 69J of the
Securities Act 1978 by:</p>
<ol class="letter">
<li>Foodstuffs (Wellington) Co-operative Society Limited
(<em>Society</em>), an industrial and provident society
incorporated on 8 April 1957, whose registered office is at:<br />
The Foodstuffs Building<br />
Kiln Street<br />
Silverstream</li>
<li>And by the directors of the Society:
<ul>
<li>Peter James Anderson whose address is 3 Nikau Grove,
Woburn;</li>
<li>Bruce McDonald Beaton whose address is 19 Cambridge Terrace,
Taradale, Napier;</li>
<li>Brian John Drake whose address is Unit 2, 22 Oriental Terrace,
Wellington;</li>
<li>Brian Robert Galt whose address is 4/342 Oriental Parade,
Wellington;</li>
<li>David Rutherford Kershaw whose address is 108 Regent Street,
Martinborough;</li>
<li>Brian Dennis Lucas whose address is 168 Tamata Peak Road,
Havelock North;</li>
<li>Alan Patrick Melody whose address is The Reef, Apartment 9, 93
St Aubyn Street, New Plymouth;</li>
<li>Anthony Scott McNeil whose address is 15A Seaview Rd,
Paremata;</li>
<li>Kieran Thomas O'Sullivan whose address is 13 Dargle Way, Island
Bay, Wellington; and</li>
<li>David Frank Smith whose address is 5 Burbury Ridge, Havelock
North.</li>
</ul>
</li>
</ol>
<h2><span class="number">2</span> Background</h2>
<p><span class="number">2.1</span> The Society is a registered
industrial and provident society under the Industrial and Provident
Societies Act 1908.</p>
<p><span class="number">2.2</span> The Society has various classes
of shares, rebates and deposits on issue each of which constitute a
class of securities for the purposes of the Securities Act. The
Society only issues securities to its members. No prospectus has
been registered in relation to the issue of these securities.</p>
<p><span class="number">2.3</span> The Society has a close
relationship with its members. Up until recently the Society
considered that the offers were made to persons as described in
section 3(2) of the Securities Act meaning that the offers were
exempt from the Act as they were not offers to "the public".</p>
<p><span class="number">2.4</span> More recently the Society has
formed the view that it is not possible to say with certainty that
all members and prospective members have a relationship with the
Society akin to a close business associate (or any other exempt
relationship under section 3(2) of the Act) or are in a position
that they are objectively able to protect themselves and do not
need the protections of the Act.</p>
<p><span class="number">2.5</span> The matters were drawn to the
Commission's attention by the Society. The Commission is concerned
that some securities may have been allotted in contravention of the
Securities Act.</p>
<p><span class="number">2.6</span> The Society acknowledges the
Commission's concerns. At the time the offers were made the Society
considered that the Act did not apply.</p>
<h2><span class="number">3</span> Undertakings</h2>
<p><span class="number">3.1</span> The Society and its directors
will not offer securities to the public for subscription, other
than in an investment statement, registered prospectus, or
authorised advertisement that complies with the Securities Act and
the Regulations, or in accordance with any applicable exemption
granted by the Commission.</p>
<p><span class="number">3.2</span> The Society will, and its
Directors will arrange for the Society to:</p>
<ol class="letter">
<li>continue its application to the Commission to be added as a
named society in the Securities Act (Industrial and Provident
Societies) Exemption Notice 2002 (<em>Exemption Notice</em>);</li>
<li>within one month after the Society is added, register one or
more prospectuses (that comply with the Securities Act,
Regulations, Exemption Notice and any other applicable exemption
granted by the Commission) for the securities to which the
Exemption Notice applies;</li>
<li>no later than 30 April 2008 offer in writing to repay all other
securities to which the Exemption Notice does not apply (together
with, where applicable, accrued interest as required by the
investment contract);</li>
<li>in relation to (c) above, draw the addressee's attention to the
possibility that under the law they might be entitled to receive a
different amount of interest than the contracted rate, and advise
the addressee that if they would like to pursue the different
amount of interest, they should contact Foodstuffs;</li>
<li>if the other securities to which the Exemption Notice does not
apply have not been repaid by 30 June 2008, register one or more
prospectuses (that comply with the Securities Act, Regulations, and
any other applicable exemption granted by the Commission) for those
securities;</li>
<li>distribute one or more investment statements (or combined
prospectuses and investment statements) for its securities to which
the Exemption Notice applies that comply with the Securities Act
and Regulations, the Exemption Notice (as applicable) and any other
applicable exemption granted by the Commission to all relevant
security holders who have subscribed for relevant securities
currently on issue by the Society;</li>
<li>within three months after the Society is added as a named
society in the Exemption Notice, apply to the High Court for relief
(pursuant to the procedures set out in the applicable provisions of
sections 37AA to 37AL of the Securities Act 1978) in respect of the
application of section 37 to the allotment of those existing
securities to which the Exemption Notice applies and which were
allotted prior to the Society being added as a named society in the
Exemption Notice; and</li>
<li>within two months after any registration of a prospectus or
prospectuses for the securities to which the Exemption Notice does
not apply (as required by subparagraph (e) above), apply to the
High Court for relief (pursuant to the procedures set out in the
applicable provisions of sections 37AA to 37AL of the Securities
Act 1978) in respect of the application of section 37 to the
allotment of those securities.</li>
</ol>
<h2><span class="number">4</span> Acknowledgements</h2>
<p><span class="number">4.1</span> The Society and its Directors
acknowledge that the Commission:</p>
<ol class="letter">
<li>may issue a media release referring to the undertaking and to
the concerns of the Commission which led to the undertaking being
executed;</li>
<li>may from time to time publicly refer to the undertaking;
and</li>
<li>will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">4.2</span> The Society and its Directors
acknowledge that this undertaking does not derogate from the rights
and remedies available to the Commission or to any other person or
entity arising from the conduct described in this undertaking.</p>
<p><span class="number">4.3</span> The Society and its Directors
acknowledge that the Commission's acceptance of an enforceable
undertaking under section 69J of the Securities Act 1978 does not
affect the Commission's power to investigate future conduct of any
person, to take any action or to exercise any power under the
Securities Act 1978 or any other legislation, or to refer any
matter for criminal prosecution or seek any civil penalty.</p>
</div>
<p>Signed for and on behalf of Foodstuffs (Wellington) Co-operative
Society Limited by its duly authorised officer:</p>
<p>Anthony Scott McNeil<br />
Managing Director</p>
<p>Signed for and on behalf of the directors of Foodstuffs
(Wellington) Co-operative Society Limited by:</p>
<p>Brian John Drake<br />
Chairman</p>
<p>Accepted by the Securities Commission pursuant to section 69J of
the Securities Act 1978 by its authorised delegate:</p>
<p>Liam Mason<br />
General Counsel</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/interim-orders/Interim Orders2013-03-27T18:47:58+13:00Financial Markets Authority<div id="teaser-text">Whimp interlocutory order</div><div id="body">
<p>24 March 2011</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/enforceable-undertakings/finance-and-investments-partners/Finance and Investments Partners Enforceable Undertaking2013-03-27T18:47:58+13:00Financial Markets Authority<div id="teaser-text">The Securities Commission has accepted enforceable undertakings from the partners of Finance and Investments, Mr Andrew Harding and Mr Murray Scholfield</div><div id="body">
<p>16 July 2010</p>
<div class="legal-paras">
<h2><span class="number">1.</span> INTRODUCTION</h2>
<p><span class="number">1.1</span> This undertaking is offered to
the Securities Commission for acceptance under Section 69J of the
Securities Act 1978 by:</p>
<p>The partners of Finance and Investments ("the Partnership"), Mr
Andrew John Harding and Mr Murray Scholfield ("the Partners"), care
of their solicitor:</p>
<blockquote>
<p>Rout Milner Fitchett<br />
167 Hardy Street<br />
PO Box 580<br />
Nelson 7040</p>
<p>Attention: John Fitchett</p>
</blockquote>
<h2><span class="number">2.</span> BACKGROUND</h2>
<p><span class="number">2.1</span> The Partnership was established
in 1973.</p>
<p><span class="number">2.2</span> The Partnership operated as an
entity which provided motor vehicle, commercial, and property
finance to approved borrowers.</p>
<p><span class="number">2.3</span> The Partnership funded the
lending by way of deposits from the general public.</p>
<p><span class="number">2.4</span> The Partnership went into
receivership in 2007. The partnership is no longer in
receivership.</p>
<h2><span class="number">3.</span> CONTRAVENTION OF SECURITIES ACT
1978</h2>
<p><span class="number">3.1</span> The Partners accept that they
offered investors investments without a registered prospectus.
Securities have been offered to the public for subscription,
without a registered prospectus or investment statement, in
contravention of the requirements of the Securities Act 1978 ("the
Act").</p>
<p><span class="number">3.3</span> The Partners wish to remedy the
situation and to ensure that no further breaches occur. They have
offered the undertakings set out below.</p>
<h2><span class="number">4.</span> UNDERTAKINGS</h2>
<p><span class="number">4.1</span> Each of the Partners will not
be, at any time in the future, a director or promoter of, or in any
way (whether directly or indirectly) be concerned or take part in
the management of, an incorporated or unincorporated body (other
than an overseas company, or an incorporated or unincorporated body
that does not carry on business in New Zealand).</p>
<p><span class="number">4.2</span> The Partners undertake that they
will not, at any time in the future, offer or promote an offer of
securities to members of the public in New Zealand.</p>
<h2><span class="number">5.</span> ACKNOWLEDGEMENTS</h2>
<p><span class="number">5.1</span> The Partners acknowledge that
they are currently both directors of Cedar Holdings Limited and
Trafalgar Project Limited. However, both companies are in the
process of being wound up, and accordingly the Partners'
involvement as directors of these companies will shortly cease.</p>
<p><span class="number">5.2</span> The Partners acknowledge that
the Commission:</p>
<ol class="letter">
<li>may issue a media release referring to the undertaking and to
the concerns of the Commission which led to the undertaking being
executed;</li>
<li>may from time to time publicly refer to the undertaking;</li>
<li>will make this undertaking available for public
inspection.</li>
</ol>
<p><span class="number">5.3</span> The Partners acknowledge that
this undertaking does not derogate from the rights and remedies
available to the Commission or to any other person or entity
arising from the conduct described in this undertaking.</p>
<p><span class="number">5.4</span> The Partners acknowledge that
the Commission's acceptance of an enforceable undertaking under
section 69J of the Securities Act 1978 does not affect the
Commission's power to investigate future conduct of any person, to
take any action or to exercise any power under the Securities Act
1978 or any other legislation, or to refer any matter for criminal
prosecution or seek any civil penalty.</p>
</div>
<p>Signed by the Partners:</p>
<p>[Mr Andrew Harding] [Mr Murray Scholfield]</p>
<p>Accepted by the Securities Commission pursuant to section 69J of
the Securities Act 1978 by its authorised delegate:</p>
<p>[Mr Liam Mason]</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/wood-vs-financial-markets-authority/Wood vs Financial Markets Authority2013-03-27T18:47:57+13:00Financial Markets Authority<div id="teaser-text">Wood vs FMA</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/nuplex-settlement-agreement/Nuplex Settlement Agreement2013-03-27T18:47:57+13:00Financial Markets Authority<div id="teaser-text">In April 2010, the Securities Commission commenced civil proceedings against Nuplex Industries Limited and six of its present or past directors</div><div id="body">
<p>22 February 2011</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/oversight-review-of-nzx/Oversight Review of NZX2013-03-27T18:47:57+13:00Financial Markets Authority<div id="teaser-text">The Securities Commission has reviewed NZX’s performance of its regulatory functions as a registered exchange under the Securities Markets Act 1988.</div><div id="body">
<p>April 2011</p>
<p>The Securities Commission has reviewed NZX's performance of its
regulatory functions as a registered exchange under the Securities
Markets Act 1988. This review, the fifth oversight review of NZX to
be conducted by the Commission, focussed on NZX's arrangements for
discharging its obligations (as specified in paragraph 12) during
the period from 1 January 2009 to 30 June 2010 and developments,
relating to matters within the scope of the review, up to the date
of this report.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/orders-relating-to-whimp-partnerships/Orders Relating to Whimp Partnerships2013-03-27T18:47:56+13:00Financial Markets Authority<div id="teaser-text">The orders follow misleading offers made by the limited partnerships to buy shares in a number of listed companies.</div><div id="body">
<p>18 March 2011</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/whimp-decision/Whimp Decision2013-03-27T18:47:56+13:00Financial Markets Authority<div id="teaser-text">Decision on Financial Markets Authority v Carrington Securities LP and others</div><div id="body">
12 May 2011
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/warning-disclosure-order-under-section-49-of-the-financial-markets-authority-act-2011/Warning Disclosure Order under Section 49 of the Financial Markets Authority Act 20112013-03-27T18:47:55+13:00Financial Markets Authority<div id="teaser-text">Order to Mr Bernard Terence Whimp.</div><div id="body">
<p>6 May 2011</p>
<p>To: Mr Bernard Terence Whimp, Unit 1, 138 Park Terrace,
Christchurch (Mr Whimp)</p>
<p>And to: Carlyle Securities LP; Cargill Securities LP; Carrington
Securities LP; Chase Securities LP; Energy Securities LP; Fairfield
Securities LP; NZ Credit Securities LP; NZ Investment Securities
LP; Lineside Partners LP; Pearson Securities LP; and Powershares LP
(Whimp Partnerships)<br />
Unit 6, 6 Cone Street, Rangiora</p>
<p>And to: associated persons of Mr Whimp or of any one or more of
the Whimp Partnerships, including any associated person that may be
incorporated or formed after the date of this order (Whimp
Associates)</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/high-court-interim-decision-on-hotchin/High Court Interim Decision on Hotchin2013-03-27T18:47:55+13:00Financial Markets Authority<div id="teaser-text">High Court Interim Decision on Hotchin</div><div id="body">
<span lang="EN-US">10 May 2011</span>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/decision-of-the-securities-commission-in-respect-of-an-appeal-under-section-69-securities-act-1978-by-power-new-zealand-limited/Decision of the Securities Commission in respect of an Appeal under Section 69 Securities Act 1978 by Power New Zealand Limited2013-03-27T18:47:55+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<p>3 October 1994</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/deed-of-settlement-anz-and-ing/Deed of Settlement: ANZ and ING2013-03-27T18:47:54+13:00Financial Markets Authority<div id="teaser-text">Deed of Settlement: ANZ and ING</div><div id="body">
<p>22 June 2010</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/appeal-against-decision-of-registrar-of-companies-to-refuse-registration-of-corman-oil-limited-prospectus-decision-of-securities-commission/Appeal against Decision of Registrar of Companies to Refuse Registration of Corman Oil Limited Prospectus: Decision of Securities Commission2013-03-27T18:47:54+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<p>30 April 2010</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/bridgecorp-(steigrad)-judgment-–-appeal-against-sentence/Bridgecorp (Steigrad): Judgment – Appeal against Sentence2013-03-27T18:47:53+13:00Financial Markets Authority<div id="teaser-text">Bridgecorp (Steigrad): Judgment – Appeal against Sentence</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/reports-and-outcomes/review-of-corporate-governance-disclosures-by-selected-issuers/Review of Corporate Governance Disclosures by Selected Issuers (July 2010)2013-03-27T18:47:53+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<p>July 2010</p>
<h2>About This Report</h2>
<p>This report presents the findings of the Securities Commission's
latest review of corporate governance reporting. The purpose of
this report is to inform governing bodies of our findings so that
they can reflect critically on their governance practices and
disclosures. In so doing, we aim to promote high standards of
corporate governance by issuers and ultimately improve confidence
in New Zealand's capital markets.</p>
<p>This review is of corporate governance disclosures by selected
issuers, not of their actual behaviour. Corporate governance
disclosures are an important indicator of the emphasis placed on
corporate governance by a board, but investors and other
stakeholders should not take this as a guarantee of good governance
in practice. The review analysed annual report and website
disclosures of 68 selected issuers against the Commission's nine
Principles, which cover the core elements of good corporate
governance.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/perpetual-judgment-–-confidentiality-order/Perpetual: Judgment – Confidentiality Order2013-03-27T18:47:52+13:00Financial Markets Authority<div id="teaser-text">Perpetual: Judgment – Confidentiality Order </div><div id="body">
<a
href="/media/1026885/perpetual_-_judgment___confidentiality_order_.pdf">
Perpetual: Judgment - Confidentiality Order</a>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/ka-trustee-limited-(hanover)-judgement-appeal-asset-preservation-orders/KA Trustee Limited (Hanover): Judgment - Appeal asset preservation orders2013-03-27T18:47:52+13:00Financial Markets Authority<div id="teaser-text">KA Trustee Limited (Hanover): Judgment - Appeal asset preservation orders</div><div id="body">
<a
href="/media/1026888/ka_trustee_limited__hanover__-_judgement_-_appeal_asset_preservation_orders.pdf">
KA Trustee Limited (Hanover): Judgement - Appeal asset preservation
orders</a>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/perpetual-judgment–-confidentiality-order-appeal/Perpetual: Judgment– Confidentiality order appeal2013-03-27T18:47:51+13:00Financial Markets Authority<div id="teaser-text">Perpetual: Judgment– Confidentiality order appea</div><div id="body">
<a
href="/media/1026876/perpetual_-_judgment__confidentiality_order_appeal.pdf">
Perpetual: Judgment- Confidentiality order appeal</a>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/hanover-judgment-–-appeal-asset-preservation-orders/Hanover: Judgment – Appeal asset preservation orders2013-03-27T18:47:51+13:00Financial Markets Authority<div id="teaser-text">Hanover: Judgment – Appeal asset preservation orders</div><div id="body">
<a
href="/media/1026879/mark_hotchin__hanover__-_judgment___appeal__asset_preservation_orders.pdf">
Hanover: Judgment - Appeal asset preservation orders</a>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/nathans-finance-sentence-–-appeal/Nathans Finance Sentence – Appeal2013-03-27T18:47:51+13:00Financial Markets Authority<div id="teaser-text">Nathans Finance Sentence - Appeal</div><div id="body">
<a
href="/media/1026882/nathans_finance_sentence___appeal_.pdf">Nathans
Finance Sentence - Appeal</a>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/bernard-whimp-interlocutory-order-share-dealings/Bernard Whimp - Interlocutory Order - Share Dealings2013-03-27T18:47:50+13:00Financial Markets Authority<div id="teaser-text">Bernard Whimp - Interlocutory Order - Share Dealings </div><div id="body">
<a
href="/media/1026870/bernard_whimp_-_interlocutory_order____share_dealings_.pdf">
Bernard Whimp - Interlocutory Order - Share Dealings</a>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/sean-wood-judgment-appeal-of-application-for-registration-as-authorised-financial-advisor/Sean Wood: Judgment - Appeal of application for registration as authorised financial advisor2013-03-27T18:47:50+13:00Financial Markets Authority<div id="teaser-text">Sean Wood: Judgment - Appeal of application for registration as authorised financial advisor</div><div id="body">
<a
href="/media/1026873/sean_wood_-judgment___appeal__of_application_for_registration_as_authorised_financial_advisor.pdf">
Sean Wood: Judgment - Appeal of application for registration
as authorised financial advisor</a>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/nathans-finance-nz-ltd/Nathans Finance NZ Ltd2013-03-27T18:47:49+13:00Financial Markets Authority<div id="teaser-text">Nathans Finance NZ Ltd</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/lombard-finance-investments-limited/Lombard Finance & Investments Limited2013-03-27T18:47:49+13:00Financial Markets Authority<div id="teaser-text">Lombard Finance & Investments Limited</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/fma-court-decisions-of-interest/bridgecorp-limited/Bridgecorp Limited2013-03-27T18:47:49+13:00Financial Markets Authority<div id="teaser-text">Bridgecorp Limited</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/prosecutions-and-proceedings/Prosecutions and Proceedings2013-03-27T18:47:47+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<div class="sect1">
<h2>Finance company investigations</h2>
<p>Since 2006, 51 New Zealand finance companies have either gone
into liquidation or receivership, or frozen payments. Many New
Zealanders lost their money.</p>
<p>The scale and circumstances of the sector gave rise to concerns
of inappropriate behaviour and breaches of the Securities Act and a
programme of investigations into the failures was initiated.</p>
<p>Below are answers to questions about our work and information on
the status of investigations.</p>
<ul>
<li><a
title="Question and Answers about Our Finance Company Investigations"
href="/laws-we-enforce/enforcement/prosecutions-and-proceedings/question-and-answers-about-our-finance-company-investigations/">Question and Answers about Our Finance
Company Investigations</a></li>
<li><a title="Finance Company Cases before the Court"
href="/laws-we-enforce/enforcement/prosecutions-and-proceedings/finance-company-cases-before-the-court/">Finance Company Cases before the
Court</a></li>
</ul>
</div>
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/prosecutions-and-proceedings/question-and-answers-about-our-finance-company-investigations/Question and Answers about Our Finance Company Investigations2013-03-27T18:47:47+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<div class="qa">
<h2>How much information can we make public?</h2>
<div class="qa-answer">
<p>Like other regulators in New Zealand and around the world, we
generally do not comment on the progress of our investigations.
This is because of the risk of causing unjustified damage to the
reputation of the businesses and individuals we are investigating
before we are sure that the grounds for our concern were justified
by the evidence.</p>
<p>We must also take care that we don't prejudice the fair and
effective trial of a person who is eventually charged by releasing
too much information.</p>
<p>On the other hand, we want to keep the public - and particularly
investors - informed about our finance company work. From time to
time we release additional information when we believe it is in the
public interest to do so.</p>
</div>
<h2>What powers do we have?</h2>
<div class="qa-answer">
<p>Our powers under the Securities Act 1978 relate to the offer
documents (prospectus and investments statement) all issuers of
securities to the public - including finance companies - must
prepare, and to advertisements for those securities.</p>
<p>These must disclose a product's features and risks so investors
can weigh the risk they are willing to take against the offered
return.</p>
<p>It is one of the Financial Markets Authority's roles to take
action where offer documents do not accurately disclose everything
they should, or where offers to the public are not made in
accordance with the Securities Act and its regulations.</p>
<p>Our powers under the Act are separate from the powers we have
under other legislation, such as the power to recommend to the
Minister that a corporation at risk is placed in statutory
management under the Corporations (Investigation and Management)
Act 1989.</p>
<p>Statutory management can only be used as a last resort when
there is no other way of adequately protecting the interests of the
members, creditors, beneficiaries or the public interest. It has
not been available in the case of the finance companies because
other legal procedures, such as the appointment of receivers, were
available.</p>
<p>The <a href="http://www.sfo.govt.nz">Serious Fraud Office</a>
detects, investigates and prosecutes serious and complex fraud. FMA
works closely with the SFO to ensure law-breakers are brought to
justice.</p>
</div>
<h2>What is our approach to investigations?</h2>
<div class="qa-answer">
<p>Every investigation is different because each company and its
circumstances are different.</p>
<p>Each step in an investigation must comply with the rules that
apply to evidence that can be used in court, in case the
investigation results in a prosecution. It is important for both
the prosecution and the defence that procedural rules are followed
and are not short cut.</p>
</div>
<h2>What happens when an investigation is launched?</h2>
<div class="qa-answer">
<p>FMA staff assess the finance company's offer documents to see if
there appear to have been any untrue statements or material
omissions, or whether the finance company otherwise breached the
Securities Act. This might require finding out more about the
company and its business.</p>
<p>Sometimes the company, its receiver or liquidator will volunteer
the information. Sometimes we get it by using our statutory power
to summons or inspect information.</p>
<p>If it looks like the Act may have been breached, staff may
recommend that a formal investigation is opened and an inspector is
appointed.</p>
</div>
<h2>What does an inspector do?</h2>
<div class="qa-answer">
<p>Our inspector compares the information to hand with what the
company said in its offer documents. This allows them to assess if
any statements were untrue or left out information an investor
would have needed to make an informed investment decision.</p>
<p>If necessary, FMA's investigation team gets help from an
external forensic accountant or investigator.</p>
<p>Inspections are complex. They cover a very large part (sometimes
all) of a finance company's business. They can take a long time for
investigators and forensic accountants to complete.</p>
<h3>Months of work</h3>
<p>If all the electronic data managed by our inspector in a 2010
case had been printed and stacked, it would have stood as high as
the Auckland Sky Tower.</p>
<p>It took two experienced forensic accountants, a financial
analyst and a data/electronic discovery manager more than 900 hours
(or 21 weeks) complete their investigation.</p>
<p>As well as reviewing documents, transactions and electronic
data, our inspectors talk to potential witnesses.</p>
<p>An inspector's report comprises factual analysis and opinion. It
is often peer-reviewed by another professional to ensure its
conclusions are robust.</p>
</div>
<h2>What happens after an inspector reports?</h2>
<div class="qa-answer">
<p>Three outcomes are possible:</p>
<ul>
<li>if the inspector's report shows that the offer documents
contained no material untrue statements, we close the file and take
no further action</li>
<li>we might refer the matter to other agencies - such as the <a
href="http://www.sfo.govt.nz">Serious Fraud Office</a> or the
Police if we think there was fraud</li>
<li>if the report finds the offer documents did contain material
misstatements, we ask external prosecution lawyers for a case
assessment. This will tell us whether the law was broken and, if it
was, suggest the best course of action.</li>
</ul>
</div>
<h2>What happens after a case assessment?</h2>
<div class="qa-answer">
<p>If the inspector's report says there were material
misstatements, FMA looks at the circumstances of the case and
decides how to proceed. Actions might include:</p>
<ul>
<li>laying criminal charges</li>
<li>beginning civil proceedings</li>
<li>getting enforceable undertakings (such as the finance company's
directors promising that they will comply with the law in
future)</li>
<li>referring the case to another regulator or law enforcement
agency</li>
<li>publishing a report to guide other market participants</li>
<li>taking no further action.</li>
</ul>
</div>
<h2>What happens when FMA decides to take criminal and/or civil
proceedings?</h2>
<div class="qa-answer">
<p>Charges or proceedings are prepared, then laid or issued and
served on the defendants.</p>
<p>With a criminal proceeding, we make a public announcement about
it only after the first court appearance. This gives the defendant
time to get advice and seek name-suppression, as they have a right
to do.</p>
<p>Announcements must follow the Solicitor-General's <a
href="http://www.crownlaw.govt.nz/uploads/media_protocol.pdf">Media
Protocol [173 kB pdf]</a>.</p>
</div>
<h2>What happens when a case goes to Court?</h2>
<div class="qa-answer">
<h3>Criminal prosecutions</h3>
<p>Cases go to Court when we believe finance company directors have
committed a crime by misleading investors in offer documents. Most
criminal charges are laid on indictment under section 58 of the
Securities Act.</p>
<p>An indictable (or serious) offence means the prosecution must
file evidence establishing there is a case to answer before the
case can go ahead. Indictable charges are heard by a jury, unless
they qualify for a judge-alone hearing. Indictable offences carry a
maximum penalty of five years imprisonment or fines of up to
$300,000, plus $10,000 for every day the offence is continued.</p>
<p>Sometimes charges are laid summarily under sections 58 or 59 of
the Securities Act. Summary charges are heard by a judge alone and
carry a maximum penalty of three months imprisonment or fines of up
to $300,000, plus $10,000 for every day the offence is continued. A
person found guilty of an offence under section 58 is automatically
banned from being a director or promoter, or being concerned or
taking part in the management of a company or body corporate for 5
years.</p>
<h3>Civil proceedings</h3>
<p>We issue these under section 55c and other sections of the
Securities Act. Doing so allows investors to seek compensation from
the company's directors and others involved in a misleading offer,
without investors themselves having to prove that a breach of the
Act or regulations occurred.</p>
</div>
<h2>Which investigations are currently underway?</h2>
<div class="qa-answer">
<p>See <a
title="Status of Investigations into Failed Finance Companies (Non-Bank Deposit Takers)"
href="/laws-we-enforce/enforcement/status-of-fma-investigations-into-failed-finance-companies-(non-bank-deposit-takers)/">Status of investigations</a>.</p>
<p>We have completed our investigations of 26 failed finance
companies by:</p>
<ul>
<li>laying criminal charges/commencing civil proceedings</li>
<li>achieving a good result by other means e.g. getting enforceable
undertakings from those involved</li>
<li>referring the case to another, more appropriate, agency</li>
<li>deciding no further action is warranted because:
<ul>
<li>the information isn't enough to justify charges or
proceedings</li>
<li>we've uncovered no material breach of the law</li>
<li>we've uncovered a material breach but decided it's not in the
public interest to prosecute.</li>
</ul>
</li>
</ul>
<p>Any decision to take no further action is made on the basis of
information we currently have. Our decision can and will be
reviewed, and our investigation be reopened, if new information
comes to light.</p>
<p>Investigations into the other 25 failed finance companies
continue.</p>
</div>
<h2>Which cases are currently before the Court?</h2>
<div class="qa-answer">
<p>Civil and criminal charges laid against directors or officers of
11 companies are currently before the Court. These charges have
been laid either by us or by the National Enforcement Unit of the
Companies Office following referral by us. For details, see <a
title="Finance Company Cases before the Court"
href="/laws-we-enforce/enforcement/prosecutions-and-proceedings/finance-company-cases-before-the-court/">Cases before the Court</a>.</p>
</div>
<h2>Why don't we always take Court action?</h2>
<div class="qa-answer">
<p>We apply the public-interest test set out in the
Solicitor-General's <a
href="http://www.crownlaw.govt.nz/uploads/prosecution_guidelines.pdf">
Prosecution Guidelines [333 kB pdf]</a>. Reasons for not taking
court action may include:</p>
<ul>
<li>the unlikelihood of success</li>
<li>lack of enough evidence</li>
<li>lack of significant material benefit e.g. investors unlikely to
receive compensation even if civil charges are successful</li>
<li>little or no impact of any penalty on the accused e.g. the
accused is already bankrupt or banned from acting as a
director</li>
<li>investors will benefit more from finite FMA resources being
directed elsewhere</li>
<li>we can get an effective result in another way.</li>
</ul>
</div>
<h2>What other ways can FMA get an effective result?</h2>
<div class="qa-answer">
<h3>Enforceable undertakings</h3>
<p>Enforceable undertakings are legally binding promises made by
directors to do things, and are sometimes more publicly beneficial
than prosecution.</p>
<p>For example, Finance & Investments' partners offered
securities to the public without an investment statement or
registered prospectus. We accepted an enforceable undertaking that
the partners wouldn't in the future be involved with an offer of
securities to the public in New Zealand.</p>
<p>If the directors don't comply with the undertaking, FMA can
apply to the Court for compensation and other orders.</p>
<h3>Referral to other agencies</h3>
<p>Sometimes our investigations suggest a case would be better
pursued by another agency e.g. the <a
href="http://www.comcom.govt.nz">Commerce Commission</a>, the
Police or the <a href="http://www.sfo.govt.nz">Serious Fraud
Office</a>. Sometimes we pass on information to another agency for
them to consider while we continue our own investigations.</p>
<h3>No further action</h3>
<p>Sometimes we decide that a case warrants no further action
because:</p>
<ul>
<li>our investigations didn't reveal any material breaches</li>
<li>there wasn't enough evidence to prove a breach in Court</li>
<li>there was a material breach, but it wasn't in the public
interest to proceed to prosecution in accordance with the
public-interest test set out in the Solicitor-General's <a
href="http://www.crownlaw.govt.nz/uploads/prosecutionguidelines.pdf">
Prosecution Guidelines [333 kB pdf]</a>.</li>
</ul>
</div>
</div>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/response-to-submissions-draft-guidance-note-sale-and-distribution-of-kiwisaver/Response to submissions: Draft Guidance Note: Sale and Distribution of KiwiSaver2013-03-27T18:47:46+13:00Financial Markets Authority<div id="teaser-text">Response to submissions: Draft Guidance Note: Sale and Distribution of KiwiSaver</div><div id="body">
<a
href="/media/1241211/response_to_submissions_-_report_-_sale_and_distribution_of_kiwisaver_21aug12_.pdf">
Response to submissions: Draft Guidance Note: Sale and Distribution
of KiwiSaver</a><br />
<br />
Copies of the non-confidential submissions are attached
below.<br />
<br />
</div>http://www.fma.govt.nz/laws-we-enforce/enforcement/Enforcement2013-03-27T18:47:46+13:00Financial Markets Authority<div id="teaser-text">FMA enforces a range of financial markets conduct legislation, and has investigation and enforcement powers under several Acts.</div><div id="body">
<p>The Financial Markets Authority enforces a range of financial
markets conduct legislation, and has investigation and enforcement
powers under several Acts.<br />
<br />
To view FMA's <a
href="/laws-we-enforce/enforcement/fma-enforcement-policy/">Enforcement
Policy</a>.</p>
<p>To view a full list of the Acts we enforce <a
title="Legislation" href="/laws-we-enforce/legislation/">see the legislation
section</a>.</p>
<p>To view FMA's <a
href="http://www.fma.govt.nz/keep-updated/reports-and-papers/inquiries,-investigations-and-enforcement-report/">
<span>Inquiries, Investigations and Enforcement Report
2012</span></a>.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-request-for-further-feedback-on-5-class-exemption-notices/Consultation: Request for Further Feedback on 5 Class Exemption Notices2013-03-27T18:47:45+13:00Financial Markets Authority<div id="teaser-text">Consultation: Request for Further Feedback on 5 Class Exemption Notices</div><div id="body">
<h3>The final date for submissions is 27 July 2012.</h3>
<h2>About this consultation</h2>
<p><br />
The Financial Markets Authority (FMA) is currently undertaking a
review of 44 class exemption notices expiring this year. It
has completed an initial round of public consultation on the
expiring class exemption notices. The original consultation
paper can be found <a
title="Consultation: Request for Feedback - Class Exemption Review"
href="/laws-we-enforce/policy/closed-consultations/consultation-request-for-feedback-–-class-exemption-review/">here</a>.<br />
<br />
In this consultation paper, we undertake further consultation on
the following five class exemption notices as part of the
broader expiring class exemption review:</p>
<ul>
<li>Securities Act (Amalgamations) Exemption Notice 2002</li>
<li>Securities Act (Co-operative Companies) Exemption Notice
2011</li>
<li>Securities Act (Renewals and Variations) Exemption Notice
2002</li>
<li>Securities Act (Rights, Options and Convertible Securities)
Exemption Notice 2002</li>
<li>Securities Act (Takeovers) Exemption Notice 2011</li>
</ul>
<h2><br />
Submission process</h2>
<p><br />
We invite and encourage all stakeholders to make submissions on
the five notices which are the subject of this
consultation. Please list each notice on which you want to
make submissions, and then answer the relevant questions in
relation to those notices.<br />
<br />
Please <a href="mailto:exemptions@fma.govt.nz">email your
feedback</a>, providing it in both PDF and word documents.
The email subject line should identify that the email contains a
submission on the class exemption review, and who the submission is
from, e.g. "Submission on Class Exemption Review by [submitter's
name]".<br />
<br />
The final date for submissions is 27 July 2012.<br />
<br />
To complete our review of a particular notice it may be necessary
or useful for us to share and discuss a submission with another
regulator.<br />
<br />
More generally we note we will not treat any part of your
submission as confidential unless you specifically request we do
so. Submissions may be subject to the Official Information
Act 1982. We may make submissions available on our website,
may compile a summary of the submissions or draw attention to
individual submissions in internal or external reports.<br />
<br />
If you would like us to withhold any commercially sensitive,
confidential or proprietary information included in your
submission, please clearly state this in your submission and
identify the relevant extracts of information. We will
consider any request to have information withheld in accordance
with our obligations under the Official Information Act.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/project-update-100912-class-exemption-review/Project update: Class exemption review2013-03-27T18:47:45+13:00Financial Markets Authority<div id="teaser-text">Project update: Class exemption review </div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/guidance-note-sale-and-distribution-of-kiwisaver/Guidance Note: Sale and Distribution of KiwiSaver2013-03-27T18:47:45+13:00Financial Markets Authority<div id="teaser-text">Guidance Note: Sale and Distribution of KiwiSaver</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/guidance-note-disclosing-non-gaap-financial-information/Guidance Note: Disclosing non-GAAP financial information2013-03-27T18:47:44+13:00Financial Markets Authority<div id="teaser-text">Guidance Note: Disclosing non-GAAP financial information</div><div id="body">
<p>This guidance note is intended for issuers, their directors and
preparers of financial information. It sets out the Financial
Market Authority's (FMA) expectations on the use of financial
information in corporate documents, such as transaction documents
and market communications, where that financial information is not
presented in accordance with generally accepted accounting practice
(GAAP) or is presented as an alternative to the statutory profit.
We describe this as non-GAAP financial information.<br />
<br />
This guidance note does not replace GAAP or the law.
Disclosure of financial information that does not follow this
guidance note will not necessarily breach the law. However,
in our view, following this guidance note will increase the
likelihood of compliance with regulatory requirements. FMA
will assess non-GAAP financial information disclosures against this
guidance from 1 January 2013.<br />
<br />
The examples we use in this guidance note are for illustration
only. The examples are not exhaustive and do not impose or
imply particular rules or requirements.<br />
<br />
Every issuer must comply with all regulatory requirements for
financial reporting. We do not repeat all regulatory
requirements in this guidance note, although we refer to some where
this is appropriate.<br />
<br />
This guidance note does not constitute legal advice. We encourage
you to seek your own professional advice to find out how any
applicable laws apply to you, as it is your responsibility to
determine your obligations.<br />
<br />
This guidance note is based on regulatory requirements as at
September 2012.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/response-to-submissions-draft-guidance-note-disclosing-non-gaap-financial-information/Response to submissions: Draft guidance note - Disclosing non-GAAP Financial Information2013-03-27T18:47:44+13:00Financial Markets Authority<div id="teaser-text">Response to submissions: Draft guidance note - Disclosing non-GAAP Financial Information</div><div id="body">
<p>We were encouraged by the support from submitters on the
guidance, and by the quality of submissions received. <br />
<br />
We have carefully considered all feedback received and have
reviewed and revised the draft guidance note in light of the
additional issues raised by submitters.<br />
<br />
<a
href="/laws-we-enforce/policy/closed-consultations/guidance-note-disclosing-non-gaap-financial-information/">
View a copy of the final guidance note</a></p>
<p><a href="/media/1029837/response_to_submissions.pdf">View the
response to submissions report</a></p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-paper-disclosing-non-gaap-financial-information/Consultation Paper - Disclosing non-GAAP financial information2013-03-27T18:47:43+13:00Financial Markets Authority<div id="teaser-text">Consultation Paper - Disclosing non-GAAP financial information</div><div id="body">
<span> </span>
<h2 class="MsoNormal"><strong><span><span>Consultation: Request for
feedback - Guidance Note: Disclosing non-GAAP financial
information</span></span></strong></h2>
<p class="MsoNormal"><span><span>We are seeking feedback on our
proposed guidance on the use of financial information in corporate
documents, such as transaction documents and market announcements,
where that financial information is not presented in accordance
with generally accepted accounting practice (GAAP), described in
the guidance note as non-GAAP financial
information.<span> </span> The draft guidance note is
included with the consultation paper (Attachment A) which can be
downloaded below.<br />
<br />
<span lang="EN-US">In the guidance note, we set out FMA's views on
when non-GAAP financial information should or should not be used
and what additional disclosure should be made so that the
information is not misleading. The purpose of our proposed guidance
is to:</span></span></span></p>
<p><span lang="EN-US"><span><span> </span></span></span></p>
<ul>
<li><span lang="EN-US"><span><span>promote more meaningful
communication of financial information to investors and other users
of financial statements; and</span></span></span></li>
<li><span lang="EN-US"><span><span>increase the likelihood that
financial information is disclosed in a way that is not misleading;
and</span></span></span></li>
<li><span lang="EN-US"><span><span>provide greater certainty in the
market about FMA's views on disclosure of non-GAAP financial
information.</span></span></span></li>
</ul>
<p><span lang="EN-US"><span><span> </span></span></span></p>
<h2><strong><span><span>Submission
process</span></span></strong></h2>
<p class="MsoNormal"><span><span><span lang="EN-US">Please email
your feedback to consultation@fma.govt.nz, providing it in a Word
document format. The email subject line should identify that the
email contains a submission on disclosing non-GAAP financial
information, and who the submission is from, eg 'Submission on
Disclosing non-GAAP financial information by [submitter's
name]'.<span> </span></span> The consultation paper has
additional submission instructions and a submission template.<br />
<br />
The final date for submissions on this paper is Friday 29 June
2012.</span></span></p>
<p class="MsoNormal"><strong><span> </span></strong></p>
<h2 class="MsoNormal"><strong><span><span>Next
steps</span></span></strong></h2>
<p class="MsoNormal"><span><span>We propose to issue a final
version of the guidance note by 31 August 2012.<br />
<br />
We will not treat any part of your submission as confidential
unless you specifically request we do so. Submissions will be
subject to the Official Information Act 1982. We may make
submissions available on our website, may compile a summary of the
submissions or draw attention to individual submissions in internal
or external reports.<br />
<br />
If you would like us to withhold any commercially sensitive,
confidential or proprietary information included in your
submission, please clearly state this in your submission and
identify the relevant sections. We will consider any request to
have information withheld in accordance with our obligations under
the Official Information Act.</span></span></p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-request-for-feedback-–-guidance-note-sale-and-distribution-of-kiwisaver/Consultation: Request for feedback – Guidance Note: Sale and Distribution of KiwiSaver2013-03-27T18:47:43+13:00Financial Markets Authority<div id="teaser-text">We are consulting on proposed guidance on different service levels for the sale and distribution of KiwiSaver schemes.</div><div id="body">
<h3>The final date for submissions is Monday 16 July
2012. </h3>
<p> </p>
<p>We are consulting on proposed guidance on different service
levels for the sale and distribution of KiwiSaver schemes.
The draft guidance note can be downloaded below.</p>
<p>We propose to issue a guidance note because:</p>
<ul>
<li>KiwiSaver is important for New Zealand. Our functions
include promoting the confident and informed participation of
investors and consumers in the financial markets. This
guidance note helps to promote high standards in the sale of
KiwiSaver schemes and promote investor confidence to invest in
KiwiSaver and in the capital markets more generally.</li>
<li>We are aware of concern in the industry about the extent of
services that may be provided by different categories of advisers.
(<a
title="Examples of questions and complaints about KiwiSaver distribution"
href="/laws-we-enforce/policy/closed-consultations/consultation-request-for-feedback-–-guidance-note-sale-and-distribution-of-kiwisaver/examples-of-questions-and-complaints-about-kiwisaver-distribution/">See examples of the questions and
complaints we have received</a>) We want businesses to have a clear
understanding of their responsibilities. This guidance should
assist firms and advisers with meeting their obligations.</li>
<li>We are aware that there are inconsistent practices in the
market, with different standards being applied to similar service
levels. FMA's objectives include the promotion of fair
financial markets. We want to provide more guidance to
improve consistency.</li>
</ul>
<p><br />
We recognise that an important objective of KiwiSaver is to make
it easy for New Zealanders to save for their future. In
developing our guidance, we have considered the need for potential
investors to have access to information about KiwiSaver
schemes, and to advice which is provided with skill, care and
diligence.</p>
<h2>Overview</h2>
<p>The draft guidance note focuses on factors FMA will take into
account in considering whether advice is given on KiwiSaver and, if
so, whether the advice is a class or personalised service. It
describes our interpretation of existing law, and how we will apply
and enforce it.<br />
<br />
In summary, it explains that the type of service provided will be
judged within the context of the interaction with the client. Types
of service are:</p>
<ul>
<li><strong>'no advice'</strong>- (also sometimes referred to as
'information only'). For example opinions about a class of
products or the procedure for buying a product. FMA considers
that there are limited circumstances in which a person presenting a
particular KiwiSaver scheme to a client will not be considered to
have provided an advice service (either class or
personalised).</li>
<li><strong>class advice</strong> - advice that is generic to an
audience, for example, advice in a brochure or seminar.
The client's reasonable expectations of the service are a key
factor in determining whether advice is personalised. FMA
considers that advice provided on a one-to-one basis where a
small number of questions are answered by the client to ascertain a
risk profile allocating a customer to one of a small number of
pre-determined classes of person may be class advice. Beyond
this, applying the factors in the guidance note, FMA is likely to
conclude the advice service is personalised.</li>
<li><strong>personalised advice</strong> - advice that is tailored
to the client, taking into account the client's situation or goals.
For example, analysing a client's retirement goals and recommending
a particular investment portfolio to match these goals.
Personalised advice about KiwiSaver does not necessarily require
the same level of analysis of all of the client's circumstances as
an investment planning service. The analysis could focus on
information relevant only to the particular KiwiSaver scheme's
suitability for the client.</li>
</ul>
<p><br />
The guidance note explains FMA's views and gives practical
illustrations. It also explains:</p>
<ul>
<li>When determining its service approach, the distributor should
consider the needs and reasonable expectations of its target
clients.</li>
<li>Robust controls are required to ensure sales people operate
within a chosen service approach.</li>
</ul>
<h2><br />
Submission process</h2>
<p>Please <a href="mailto:consultation@fma.govt.nz">email</a> your
feedback and provide it in both PDF and word documents. The
e-mail subject line should identify that the email contains a
submission on the sale and distribution of KiwiSaver, and who the
submission is from, eg 'Submission on sale and distribution of
KiwiSaver by [submitter's name]'.<br />
<br />
We are particularly interested in comments on the practical
effects of our interpretation and the time which firms which have
taken different interpretations may need to adjust their processes
and procedures.<br />
<br />
The deadline for submissions is 5 pm Monday 16 July 2012.<br />
<br />
We will not treat any part of your submission as confidential
unless you specifically request we do so. Submissions will be
subject to the Official Information Act 1982. We may make
submissions available on our website, may compile a summary of the
submissions or draw attention to individual submissions in internal
or external reports.<br />
<br />
If you would like us to withhold any commercially sensitive,
confidential or proprietary information included in your
submission, please clearly state this in your submission and
identify the relevant sections. We will consider any request
to have information withheld in accordance with our obligations
under the Official Information Act.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-request-for-feedback-–-guidance-note-sale-and-distribution-of-kiwisaver/examples-of-questions-and-complaints-about-kiwisaver-distribution/Examples of questions and complaints about KiwiSaver distribution2013-03-27T18:47:43+13:00Financial Markets Authority<div id="teaser-text">Examples of questions and complaints about KiwiSaver distribution</div><div id="body">
The following are 'real-life' examples of questions and complaints
that FMA has received about the sale of KiwiSaver, together with
how they are addressed in the proposed guidance note on KiwiSaver
sales and distribution.<br />
<br />
<a
href="http://www.fma.govt.nz/media/887945/guidance_note_-_kiwisaver_sale_and_distribution_june_2012.pdf">
See the draft guidance note.</a><br />
<br />
Please note, all names have been removed and some questions have
been paraphrased<br />
<br />
<strong>Q: Can a registered financial adviser (RFA) advise on
KiwiSaver?</strong><br />
<br />
I'm writing to you as I believe that there is what may only be
described as a "disconnect" in the AFA advice structure and I am
hopeful that you will be able to assist me understanding the
current regime. I am an RFA that works with lower income earners
who are generally excluded from receiving competent financial
advice - our main area is life insurance and related products but
we have, up until the regulatory changes, been able to advise and
assist members with enrolling to Kiwisaver.<br />
<br />
There are few advisers who will drive out to South Auckland to
assist with a Kiwisaver application to earn, say, $40 and this
leaves the potential member getting no advice or completing the
enrolment without guidance or worse still, not at all.<br />
<br />
I was shocked to find out that I can no longer advise on KiwiSaver
until I complete my AFA status - not something that I will ever use
to assist my clients with budgeting or completing a KiwiSaver
application form.<br />
<br />
<strong>A:</strong> An RFA can provide a 'no advice' service,
including assistance with filling out application forms. An
RFA can provide clients with class advice (which is generic to a
type of customer). Only an AFA can provide personalised
advice (tailored to the individual's circumstances) on particular
KiwiSaver schemes.<br />
<br />
Class advice may be provided where a small number of questions are
answered by the client to ascertain a risk profile, which allocates
the client to one of a small number of pre-determined
classes. An RFA needs to be careful when persuading a
customer to join a KiwiSaver scheme not to go beyond class advice.
Beyond a small number of standard questions, FMA may conclude that
the advice service is personalised. Please see sections A and
B and C of the draft guidance note for the factors FMA will
take into account when considering whether advice is given and the
type of advice.<br />
<br />
<strong>Q:</strong> Can an RFA give class advice for
KiwiSaver?<br />
I need to know if FMA wants me to continue to help people join
KiwiSaver or not. <br />
<br />
Is the correct answer:<br />
a) Never, only an AFA can give advice on a cat 1
product<br />
b) Yes - clients have the option to limit the financial
advice they receive. RFAs can provide class advice so long as they
have the knowledge and competence to do so and apply an adequate
level of care, diligence and skill. The client needs to be aware
that the advice doesn't take into account their own personal
financial situation and they will need an AFA if they want that
level of advice.<br />
<p><strong>A:</strong> An RFA can provide class advice. Only
an AFA can provide personalised advice on particular KiwiSaver
schemes. The basis on which the advice is provided is one factor
that FMA will take into account, i.e. the representations
made by the adviser, but will not be determinative on its
own. Please see sections B and C of the draft
guidance note for other factors FMA will take into account when
considering the type of advice given.</p>
<p><br />
<strong>Q:</strong> Can RFAs advertise discussions about using
KiwiSaver for a first home deposit?<br />
I have a concern about RFAs (mortgage brokers) advertising the use
of KiwiSaver to get a first home deposit. Some brokers are running
seminars on this. Mortgage brokers have not become AFAs and my
concern is that first home buyers will be ignorant as to the
benefits of maintaining a savings habit, compounding returns and
dollar cost averaging over the long term. Can you let me know what
you think please.</p>
<p><strong>A:</strong> An RFA can provide class advice (which is
generic to a type of customer, including to an audience in a
seminar) about KiwiSaver. Only an AFA can provide
personalised advice (tailored to the individual's circumstances) on
particular KiwiSaver schemes.<br />
<br />
An RFA needs to be careful when advertising, to ensure that the
RFA is not holding themselves out as providing investment
advice. See our <a
href="http://www.fma.govt.nz/help-me-comply/financial-advisers/guidance-notes/q-a/">
comments on our website</a>. An RFA needs to be careful when
providing class advice not to also provide personalised advice.
Please see section C of the draft guidance note for the factors FMA
will take into account when considering whether personalised advice
is given.<br />
<br />
<strong>Q:</strong> Is using a risk calculator providing
advice?<br />
I have received a disclosure statement from an adviser stating
that 'I can provide you with factual information about
superannuation products including KiwiSaver.' My initial reading
was that the adviser was informing me that they were not giving me
advice however from further enquiry the adviser can assist me with
completing an online investment risk calculator which will direct
me to various KiwiSaver funds depending on how I answer the
questions. Isn't this just another way of providing me with
advice?<br />
<br />
<strong>A:</strong> An adviser may provide information and rely on
the customer's own completion of the calculator in an investment
statement. (The risk calculator in an investment statement
will be covered by the requirements governing investment
statements.) Alternatively, the adviser might provide class
advice by providing opinions on how to complete the risk calculator
or using their own risk calculator.<br />
<br />
In considering which service has been provided, FMA will take into
account any disclosure and the complexity of risk profiling
questionnaires, with a number of other factors. Please see
sections B and C of the draft guidance note for other
factors FMA will consider.<br />
<br />
<strong>Q:</strong> My client was inappropriately transferred to
another scheme<br />
I have a client with a KiwiSaver plan and me as her adviser. While
visiting the local bank recently she was advised to transfer her
KiwiSaver to them. When asked which KiwiSaver she was a member of,
the bank representative said that she had never heard of it. She
transferred to the Bank's plan and is now in the incorrect fund.
After advice from me she plans to transfer back. What is FMA's
stance on this?<br />
<br />
<strong>A:</strong> When considering whether advice has been
given, FMA will take into account whether the customer has an
existing KiwiSaver scheme and has been persuaded to change
scheme. Please see sections B and C of the draft
guidance note.<br />
<br />
Where advice has been given, it must be given with skill, care and
diligence. FMA can take action where this is not the
case.<br />
<br />
<a
href="http://www.fma.govt.nz/help-me-comply/financial-advisers/your-obligations/care,-diligence-and-skill-examples/">
See our comments about product replacement advice.<br />
</a><br />
<strong>Q:</strong> A seller is paying people to join KiwiSaver
without providing any information<br />
FMA received a call from a person who was making a complaint about
an un-registered salesperson approaching beneficiaries and offering
$10 for her kids to sign up to KiwiSaver. <br />
<br />
<strong>A:</strong> When considering whether advice has been
given, FMA will take into account a number of factors. Please
see sections A and B and C of the draft guidance note.
Where advice has been given, it must be given with skill, care and
diligence.<br />
<br />
If advice has not been given, FMA will consider whether the
conduct meets the requirements of the Securities Act and Securities
Markets Act. </p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/submissions-on-the-second-consultation-proposed-guidance-note-effective-disclosure/Submissions On The Second Consultation: Proposed Guidance Note: Effective Disclosure2013-03-27T18:47:42+13:00Financial Markets Authority<div id="teaser-text">Submissions On The Second Consultation: Proposed Guidance Note: Effective Disclosure</div><div id="body">
<p>In January 2012, FMA released a draft guidance note on Effective
Disclosure. Following a first round of submissions a second
version of the guidance note was released.<br />
<br />
We received 40 further written submissions, from a wide range of
market participants, professional advisers and consumer
groups. <br />
<br />
The further submissions were detailed and constructive. We
thank all submitters for their assistance which has helped us to
refine and finalise the guidance.</p>
<ul>
<li><a href="/media/802535/response_to_submissions_8_june.pdf">See
the response document summarising these submissions and our
changes</a></li>
<li><a
href="http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/submissions-on-the-proposed-guidance-note-effective-disclosure/">
See submissions on the first consultation round</a></li>
<li><a href="/media/802192/final_guidance_8_june.pdf">See the final
guidance note</a></li>
</ul>
<p>Copies of the non-confidential submissions are attached
below.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/project-update-class-exemption-review/Project Update: Class Exemption Review2013-03-27T18:47:42+13:00Financial Markets Authority<div id="teaser-text">Project Update: Class Exemption Review</div><div id="body">
<p>The Financial Markets Authority (FMA) is currently undertaking a
review of 44 class exemption notices expiring this year. It
has completed an initial round of public consultation on the
expiring class exemption notices. The original consultation paper
can be found <a
title="Consultation: Request for Feedback - Class Exemption Review"
href="/laws-we-enforce/policy/closed-consultations/consultation-request-for-feedback-–-class-exemption-review/">here</a>.<br />
<br />
We would like to update interested parties on decisions made, the
continuing work on notices, and the further feedback we are
seeking.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/second-consultation-licensing-of-auditors-and-registration-of-audit-firms/Second consultation: Licensing of auditors and registration of audit firms2013-03-27T18:47:41+13:00Financial Markets Authority<div id="teaser-text">Second consultation: Licensing of auditors and registration of audit firms</div><div id="body">
<p>FMA has previously consulted on proposed minimum standards and
conditions for licensed auditors and registered audit firms, and
has incorporated feedback from that consultation into this
consultation paper. A summary of the feedback can be downloaded
below. This consultation paper represents the second, and
final, round of consultation on these proposals which include:</p>
<p>(a) minimum standards for licensing a person must meet in order
to be issued with a licence to perform issuer audits;</p>
<p>(b) the kinds of conditions to which such licences must,
and may, be subject;</p>
<p>(c) requirements for ongoing competence that must be
complied with by New Zealand based licensed auditors;</p>
<p>(d) minimum standards an audit firm must meet in order to
be registered; and</p>
<p>(e) criteria which must be met in order for individuals and
firms to be eligible for the transitional arrangements of the
Act.</p>
<h2>Submission process.</h2>
<p>Please send your submission by using FMA's website <a
href="http://www.fma.govt.nz/about-us/contact-us/contact-form/">'Contact
Us</a>' form, selecting 'make a comment' and labelling the form
clearly as 'Submission on the Auditor Regulation Act Consultation
Paper #1'. </p>
<p>You can also send your written submission to the Compliance
Monitoring team at FMA's <a
href="http://www.fma.govt.nz/about-us/contact-us/office-contact-details/">
Wellington offices</a></p>
<p>The final date for submissions on this paper is Monday, 5 March
2012. </p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-request-for-feedback-–-class-exemption-review/Consultation: Request for Feedback – Class Exemption Review2013-03-27T18:47:41+13:00Financial Markets Authority<div id="teaser-text">Consultation: Request for Feedback – Class Exemption Review</div><div id="body">
<h3>The final date for submissions was Monday, 7 May
2012.</h3>
<p>44 class exemption notices will expire between June and November
2012. The bulk of these expire on 30 September 2012.<br />
<br />
FMA is keen to work with all stakeholders including market
participants, investors, and advisers and representatives to see
that these exemptions work together effectively with the
legislative regime to facilitate the development of New Zealand's
capital markets, while balancing the need to ensure investors are
fully informed. We therefore seek submissions on the expiring
exemptions from stakeholders to assist with this review
process.</p>
<h2>Submission process</h2>
<p>We would like your feedback on the notices under review.
We are particularly keen to receive feedback on the questions
outlined on pages four to six of the consultation document.</p>
<p>Please <a href="mailto:exemptions@fma.govt.nz">email</a> your
feedback, providing it in both PDF and word documents. The
e-mail subject line should identify that the email contains a
submission on the class exemption review, and who the submission is
from, eg 'Submission on Class Exemption Review by [submitter's
name]'.</p>
<h2>Next steps</h2>
<p>We are reviewing all of these class notices and propose to
complete the review of each before it expires. This will
provide a seamless ability for issuers to continue to rely on the
notices that are renewed without substantive amendment.</p>
<p>Where it is determined an exemption is no longer warranted, or
that substantive amendments are required, notice will be given or
transitional provisions provided, to give issuers an appropriate
opportunity to make any changes necessary to offer document
disclosure or conduct procedures.</p>
<p>Our process and timeline will vary depending on the significance
of issues under consideration. The general timetable we will
work to is summarised in the consultation document.</p>
<p>To complete our review of a particular notice it may be
necessary or useful for us to share and discuss a submission with
another regulator. In particular we note that all submissions
received in relation to notices affecting deposit takers are likely
to be shared with the Reserve Bank.</p>
<p>More generally we note we will not treat any part of your
submission as confidential unless you specifically request we do
so. Submissions will be subject to the Official Information
Act 1982. We may make submissions available on our website,
may compile a summary of the submissions or draw attention to
individual submissions in internal or external reports.</p>
<p>If you would like us to withhold any commercially sensitive,
confidential or proprietary information included in your
submission, please clearly state this in your submission and
identify the relevant extracts of information. We will
consider any request to have information withheld in accordance
with our obligations under the Official Information Act.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/submissions-on-the-proposed-guidance-note-kiwisaver-performance-fees/Submissions On The Proposed Guidance Note: KiwiSaver Performance Fees2013-03-27T18:47:41+13:00Financial Markets Authority<div id="teaser-text">Submissions On The Proposed Guidance Note: KiwiSaver Performance Fees</div><div id="body">
<p class="MsoNormal"><span><span>In November 2011, FMA released a
draft guidance note on KiwiSaver Performance
Fees.</span></span></p>
<p class="MsoNormal">See <a
href="/media/784910/guidance_note_kiwisaver_performance_fees.pdf">draft
guidance note</a>.</p>
<p class="MsoNormal"><span><span>13 submissions were received with
the majority supporting the overall objective and headline
principles.</span></span></p>
<p class="MsoNormal"><span><span>Issues raised included whether the
guidance note was too prescriptive, the requirement for
market-related benchmarks and whether it was outside the scope of
the 'not unreasonable' test in the KiwiSaver Act 2006 for FMA to be
considering any performance fees charged or paid to managers of
third party/underlying funds.</span></span></p>
<p class="MsoNormal"><span><span>The <a
href="http://www.fma.govt.nz/media/784989/kiwisaver_performance_fee_guidance_note_final_-_new_image.pdf">
final version of the guidance note</a></span> <a
href="http://www.fma.govt.nz/media/784989/kiwisaver_performance_fee_guidance_note_final_-_new_image.pdf">
</a><span>incorporated the changes described below. Copies of the
non-confidential submissions are also attached
below.</span></span></p>
<p class="MsoNormal"><span><strong><span>About this guidance
note</span></strong></span></p>
<p class="MsoNormal"><span><span>Emphasis was added that KiwiSaver
is a regulatory priority for FMA and that FMA will update its
guidance as market norms evolves.</span></span></p>
<p class="MsoNormal">
<span><strong><span>Introduction</span></strong></span></p>
<p class="MsoNormal"><span><span>A statement was added that FMA
expects trustees to monitor fees.</span></span></p>
<p class="MsoNormal"><span><strong><span>General principle
1</span></strong></span></p>
<p class="MsoNormal"><span><span>Emphasis was added that
performance fees are only appropriate in certain, limited
circumstances.</span></span></p>
<p class="MsoNormal"><span><strong><span>General principle
2</span></strong></span></p>
<p class="MsoNormal"><span><span>Reference to sharing the downside
(i.e. fulcrum fees) and to extended timeframes was
removed.</span></span></p>
<p class="MsoNormal"><span><span>A new bullet point was added about
giving investors sufficient information on the risks being taken to
drive performance fees.</span></span></p>
<p class="MsoNormal"><span><strong><span>Performance fee
elements</span></strong></span></p>
<p class="MsoNormal"><span><span>We have revised this section. In
particular:</span></span></p>
<ul>
<li>
<div class="MsoNormal"
style="margin: 0cm 0cm 10pt 24pt; text-indent: -18pt; mso-list: l2 level1 lfo1; tab-stops: list 36.0pt;">
<span><span>Hurdle Rate of Return: acknowledgement that 'absolute
return' funds can be treated differently in certain
circumstances.</span></span></div>
</li>
</ul>
<ul>
<li>
<div class="MsoNormal"
style="margin: 0cm 0cm 10pt 24pt; text-indent: -18pt; mso-list: l3 level1 lfo2; tab-stops: list 36.0pt;">
<span><span>Resets -wording has been clarified in the 'High Water
Mark' and 'No resets' sections.</span></span></div>
</li>
</ul>
<ul>
<li>
<div class="MsoNormal"
style="margin: 0cm 0cm 10pt 24pt; text-indent: -18pt; mso-list: l1 level1 lfo3; tab-stops: list 36.0pt;">
<span><span>Crystallisation periods - this section replaces section
on multi-year assessment .</span></span></div>
</li>
</ul>
<ul>
<li>
<div class="MsoNormal"
style="margin: 0cm 0cm 10pt 24pt; text-indent: -18pt; mso-list: l0 level1 lfo4; tab-stops: list 36.0pt;">
<span><span>Performance caps - section on caps has been expanded
and changed to provide more flexibility.</span></span></div>
</li>
</ul>
<p class="MsoNormal"><span><strong><span>Assessment of performance
fee arrangements</span></strong></span></p>
<p class="MsoNormal"><span><span>No substantive
changes.</span></span></p>
<p class="MsoNormal"><span><strong><span>Disclosure of performance
fees</span></strong></span></p>
<p class="MsoNormal"><span><span>This has been rewritten and now
references FMA's Effective Disclosure Guidance Note. An example
table has also been added.</span></span></p>
<p><span><span>Reference to performance fees charged at asset class
or sub-manager level has been removed.</span></span></p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-proposed-requirements-for-accredited-bodies-under-the-auditor-regulation-act-2011/Consultation: Proposed requirements for accredited bodies under the Auditor Regulation Act 20112013-03-27T18:47:40+13:00Financial Markets Authority<div id="teaser-text">Proposed requirements for accredited bodies under the Auditor Regulation Act 2011</div><div id="body">
The Financial Markets Authority (FMA) has responsibility under the
Auditor Regulation Act 2011 to oversee the regulation of auditors
and audit firms in respect of issuer audits. In this context,
FMA has responsibility to grant accreditation to persons as
accredited bodies, to prescribe the minimum standards for
accreditation and to set conditions of
accreditation.<br />
<br />
Under the Act, accredited bodies have responsibility for licensing
domestic auditors and authorising the Registrar to register
domestic audit firms. Accredited bodies also have
responsibility for imposing conditions on licensed auditors and
registered audit firms, for monitoring compliance with conditions,
for overseeing licensed domestic auditors and registered domestic
audit firms, for investigating auditors and audit firms,
and for taking disciplinary action where necessary.<br />
<br />
This consultation paper covers FMA's proposed:<br />
<ul>
<li>minimum standards for accreditation a person must meet in order
to be granted accreditation by FMA; and</li>
</ul>
<ul>
<li>conditions attaching to accreditation, including in respect of
bodies deemed by the Act to be accredited bodies.</li>
</ul>
<p>FMA would appreciate your comments on the proposals in this
paper. In particular, we are seeking responses to the
questions set out in the paper. <br />
<br />
FMA is interested to know whether you agree or disagree with the
proposals, and the reasons for your views. Where you disagree
with FMA's proposals, FMA would be interested to understand whether
you consider the proposal to be impracticable or
inappropriate. <br />
<br />
FMA would also welcome any suggestions you may have for alternative
proposals.<br />
<br />
</p>
<h2>Consultation period</h2>
The consultation period is four weeks.<br />
<br />
Please send your written submission by using FMA's website 'Contact
Us' form, selecting 'make a comment' and labelling your attached
submission document as 'Submission on the Auditor Regulation Act
Consultation Paper #2'.<br />
<br />
You can also send your written submission to the Compliance
Monitoring team at FMA's Wellington offices.<br />
<br />
The final date for submissions on this paper is Thursday, 22
December 2011.<br />
<br />
<h2>Next steps</h2>
FMA will consider all submissions received. If any
significant changes are anticipated to the proposals in the paper,
FMA will issue a further consultation document for a short period
of further consultation.<br />
<br />
Submissions will be subject to the Official Information Act
1982. FMA may make submissions available on its website or
draw attention to submissions in internal or external
reports. If you would like FMA to withhold any commercially
sensitive, confidential or proprietary information included in your
submission, please state this in your submission. Any request
to have information withheld will be considered in accordance with
the Official Information Act.<br />
<br />
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/second-consultation-proposed-requirements-for-accredited-bodies-under-the-auditor-regulation-act-2011/Second consultation: Proposed requirements for accredited bodies under the Auditor Regulation Act 20112013-03-27T18:47:40+13:00Financial Markets Authority<div id="teaser-text">Proposed requirements for accredited bodies under the Auditor Regulation Act 2011</div><div id="body">
<p>FMA has previously consulted on proposed requirements for
accredited bodies under the Auditor Regulation Act 2011, and has
incorporated feedback from that consultation into this consultation
paper. A summary of the feedback can be downloaded below. This
consultation paper represents the second, and final, round of
consultation on these proposals which include:</p>
<p>(a) minimum standards for accreditation a person must meet
in order to be granted accreditation by FMA; and</p>
<p>(b) conditions attaching to accreditation, including in
respect of bodies deemed by the Act to be accredited bodies.</p>
<h2>Submission process</h2>
<p>Please send your submission by using FMA's website <a
href="http://www.fma.govt.nz/about-us/contact-us/contact-form/">'Contact
Us'</a> form, selecting 'make a comment' and labelling the form
clearly as 'Submission on the Auditor Regulation Act Consultation
Paper #2'.</p>
<p>You can also send your written submission to the Compliance
Monitoring team at FMA's <a
href="http://www.fma.govt.nz/about-us/contact-us/office-contact-details/">
Wellington offices</a></p>
<p>The final date for submissions on this paper is Friday, 24
February 2012.</p>
<h2>Next steps</h2>
<p>FMA will consider all submissions received and make amendments
if appropriate. Following this, FMA will prescribe the minimum
standards, and finalise and publish its policy regarding
accreditation of accredited bodies.</p>
<p>Submissions will be subject to the Official Information Act
1982. FMA may make submissions available on its website or
draw attention to submissions in internal or external
reports. If you would like FMA to withhold any commercially
sensitive, confidential or proprietary information included in your
submission, please state this in your submission. Any request
to have information withheld will be considered in accordance with
the Official Information Act.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-request-for-feedback-–-guidance-note-effective-disclosure/Consultation: Request for feedback – Guidance Note: Effective Disclosure2013-03-27T18:47:40+13:00Financial Markets Authority<div id="teaser-text">Consultation: Request for feedback – Guidance Note: Effective Disclosure</div><div id="body">
<p>We are consulting on proposed guidance on how to prepare and
present prospectuses and investment statements. The draft
guidance note is included in the consultation paper (attachment A)
which can be downloaded below.<br />
<br />
We propose to issue a guidance note because:<br />
<br />
a. Our functions include promoting the confident and informed
participation of businesses, investors and consumers in the
financial markets. We believe this guidance note will assist
that function;<br />
<br />
b. Issuers have asked us for guidance on our powers, duties
and functions, particularly following the enactment of the
Financial Markets Authority Act;<br />
<br />
c. We want to provide more guidance for issuers and their
advisers as a means of assisting them to meet their obligations;
and<br />
<br />
d. We are streamlining some processes within FMA and wish to
share the changes with the financial markets.</p>
<h2>Submission process.</h2>
<p>Please send your submission by using FMA's website <a
href="http://www.fma.govt.nz/about-us/contact-us/contact-form/">'Contact
Us'</a> form, selecting 'make a comment' and labelling the form
clearly as 'Attn Manager Regulatory Policy - Submission on
Effective Disclosure'. The consultation paper has additional
submission instructions and a submission template.<br />
<br />
The final date for submissions on this paper is Friday 9 March
2012.<br />
<br />
</p>
<h2>Next steps</h2>
<p>We propose to issue a final version of the guidance note by
Monday 26 March 2012.<br />
<br />
We will not treat any part of your submission as confidential
unless you specifically request we do so. Submissions will be
subject to the Official Information Act 1982. We may make
submissions available on our website, may compile a summary of the
submissions or draw attention to individual submissions in internal
or external reports.<br />
<br />
If you would like us to withhold any commercially sensitive,
confidential or proprietary information included in your
submission, please clearly state this in your submission and
identify the relevant sections. We will consider any request
to have information withheld in accordance with our obligations
under the Official Information Act.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-–-kiwisaver-performance-fees-guidance-note/Consultation – KiwiSaver Performance Fees Guidance Note2013-03-27T18:47:39+13:00Financial Markets Authority<div id="teaser-text">Consultation – KiwiSaver Performance Fees Guidance Note</div><div id="body">
<p><span><span>The KiwiSaver Performance Fees Guidance Note builds
upon the three characteristics the Government Actuary identified in
his Guidance Note KSGN2 issued in March 2008. It will be the basis
upon which FMA will assess whether a performance fee is 'not
unreasonable'.<br />
<br />
Prior to finalising the document for publication, FMA wishes to
receive your comments on the contents of the Guidance
Note.</span></span></p>
<h2 class="MsoNormal"><strong><span><span>Consultation
period</span></span></strong></h2>
<p class="MsoNormal"><span><span>The consultation period is three
weeks.<br />
<br />
Please send your written submissions by using the</span> <span><a
href="http://www.fma.govt.nz/about-us/contact-us/contact-form/"><span>
Contact Form</span></a> </span></span> <span><span>on FMA's
website. Select 'make a comment' and clearly label your attached
submission document as 'Submission on KiwiSaver Performance Fees
Guidance Note'.<br />
<br />
You can also send your written submission to the Manager,
Superannuation Schemes at FMA's</span> <span><a
href="http://www.fma.govt.nz/about-us/contact-us/office-contact-details/">
<span>Wellington
offices</span></a></span></span><span><span>.<br />
<br />
The deadline for submissions is <strong>Friday 2 December
2011</strong>.</span></span></p>
<p><span> </span></p>
<h2 class="MsoNormal"><strong><span><span>Next
steps</span></span></strong></h2>
<p class="MsoNormal"><span><span>Once submissions have been
received and considered, FMA will issue a final version of the
Guidance Note.<br />
<br />
Submissions will be subject to the Official Information Act 1982.
FMA may also make submissions available on its website, or draw
attention to submissions in internal or external reports. If you
would like FMA to withhold any commercially sensitive, confidential
or proprietary information included in your submission please say
so in your submission. Any request to have information withheld
will be considered in accordance with the Official Information
Act.</span></span></p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-licensing-of-auditors-and-registration-of-audit-firms/Consultation: Licensing of Auditors and Registration of Audit Firms2013-03-27T18:47:39+13:00Financial Markets Authority<div id="teaser-text">Consultation Licensing of Auditors and Registration of Audit Firms</div><div id="body">
The Auditor Regulation Act 2011, which comes into force on 1 July
2012, provides for enhanced regulation of auditors who undertake
issuer audits. Under the Act, auditors who undertake issuer
audits will need to be licensed, and audit firms which undertake
issuer audits will need to be registered. FMA has
responsibility for prescribing the standards which must be met for
auditors to be licensed and for audit firms to be registered.
FMA also prescribes the kinds of conditions which can be attached
to auditor licences. <br />
<br />
This consultation paper covers FMA's proposed:<br />
<br />
<ul>
<li>minimum standards for licensing a person must meet in order to
be issued with a licence to perform issuer audits;</li>
</ul>
<ul>
<li>the kinds of conditions to which such licences must, and may,
be subject;</li>
</ul>
<ul>
<li>minimum standards an audit firm must meet in order to be
registered; and</li>
</ul>
<ul>
<li>criteria which must be met in order for individuals and firms
to be eligible for the transitional arrangements of the Act.</li>
</ul>
FMA would appreciate your comments on the proposals in this
paper. In particular, we are seeking responses to the
questions set out at the end of each section of the document.
<br />
<br />
FMA is interested to know whether you agree or disagree with the
proposals set out in this paper, and the reasons for your
views. Where you disagree, FMA would be particularly
interested to understand whether you consider the requirement is
impractical or inappropriate. <br />
<br />
FMA is also happy to receive, and will consider, any suggestions
of alternative or additional requirements you believe are
appropriate. <br />
<br />
<h2>Consultation period</h2>
The consultation period is four weeks.<br />
<br />
Please send your written submissions by using the <a
href="http://www.fma.govt.nz/about-us/contact-us/contact-form/">Contact
Form</a> on FMA's website. Select 'make a comment' and
clearly label your attached submission document as 'Submission on
the Auditor Regulation Act Consultation Paper #1'. <br />
<br />
You can also send your written submission to the Compliance
Monitoring team at FMA's <a
href="http://www.fma.govt.nz/about-us/contact-us/office-contact-details/">
Wellington offices</a>.<br />
<br />
The deadline for submissions is Friday 16 December 2011.<br />
<br />
<h2>Next steps</h2>
Following the consultation period FMA will consider all submissions
received and issue a further consultation document for a short
period. FMA intends to conduct this second round of
consultation, and finalise and gazette the prescribed standards and
conditions, by April 2012. While this target date is some
time before the 1 July 2012 commencement of the Act, FMA considers
it important both the audit profession and accredited bodies are
given reasonable time, after the publication of the final standards
and conditions, to prepare for the licensing and registration
processes. <br />
<br />
Submissions will be subject to the Official Information Act
1982. FMA may also make submissions available on its website,
or draw attention to submissions in internal or external
reports. If you would like FMA to withhold any commercially
sensitive, confidential or proprietary information included in your
submission, please say so in your submission. Any request to
have information withheld will be considered in accordance with the
Official Information Act. <br />
<br />
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-request-for-comment-on-proposed-afa-adviser-business-statement-guide-(version-2)/consultation-information/Consultation Information2013-03-27T18:47:38+13:00Financial Markets Authority<div id="teaser-text">The Securities Commission intends to publish a revised edition of its AFA Adviser Business Statement Guide (the Guide) released in June 2010</div><div id="body">
<p>18 April 2011</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-request-for-comment-on-proposed-afa-adviser-business-statement-guide-(version-2)/afa-adviser-business-statement-guide/AFA Adviser Business Statement Guide2013-03-27T18:47:38+13:00Financial Markets Authority<div id="teaser-text">The FAA 2008 introduces minimum standards of professionalism for financial advisers and gives the Securities Commission power to regulate people</div><div id="body">
<p>18 April 2011</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-–-request-for-comment-on-proposed-securities-trustees-and-statutory-supervisors-licensing-guidance-note/Consultation – Request for comment on proposed Securities Trustees and Statutory Supervisors Licensing Guidance Note2013-03-27T18:47:38+13:00Financial Markets Authority<div id="teaser-text">The Guidance sets out who needs to be licensed and when applications need to be received. </div><div id="body">
The Securities Trustees and Statutory Supervisors Act 2011 (Act)
comes into effect on 1 October 2011. The Act introduces a licensing
regime to ensure all trustees and statutory supervisors have the
appropriate capabilities to perform their obligations as trustees
and statutory supervisors. Once a licence is issued FMA will
monitor that the performance of licensees remains at the requisite
level. <br />
<br />
The Act and Securities Trustees and Statutory Supervisors
Regulations 2011 (Regulations) set out the licensing criteria that
FMA is obliged to assess prior to it making a decision whether to
grant a licence or not. <br />
<h2>Guidance Note</h2>
FMA intends to publish a <a
href="/help-me-comply/trustees/guidance/guidance-note-securities-trustees-and-statutory-supervisor-licensing/">
</a><a href="/help-me-comply/trustees/guidance/">Securities
Trustees and Statutory Supervisors Licensing Guidance Note</a> to
assist licence applicants in compiling and submitting their licence
applications.<br />
<br />
Prior to finalising the document for publication, FMA wishes to
receive comments on the contents of the Guidance Note. <br />
<br />
The Guidance Note sets out who needs to be licensed and when
applications need to be received. It then sets out the licensing
criteria, by stating the Act requirement, the corresponding
requirement of the Regulation (if there is one) and providing the
detail of the documentation applicants will be required to provide
with their licence application. <br />
<h2>Consultation period</h2>
The consultation period is two weeks.<br />
<br />
Please send your written submission to:<br />
<br />
Compliance Monitoring<br />
Financial Markets Authority<br />
Level 8, 56 The Terrace<br />
PO Box 1179<br />
Wellington 6140<br />
<br />
Your can also send your written submission by using FMA's website
<a href="/about-us/contact-us/contact-form/">Contact Us form,</a>
selecting 'make a comment' and clearly labeling your attached
submission document as 'Securities Trustees and Statutory
Supervisors Guidance note feedback'.<br />
<br />
The deadline for submissions is Thursday 6 October 2011.<br />
<br />
<h2>Next steps</h2>
Once submissions have been received and considered, FMA will issue
a final version of the Guidance Note. FMA will alert all affected
trustees and statutory supervisors as soon as the Guidance Note and
accompanying application forms, are available.<br />
<br />
Submissions will be subject to the Official Information Act 1982.
FMA may also make submissions available on its website, or draw
attention to submissions in internal or external reports. If you
would like FMA to withhold any commercially sensitive, confidential
or proprietary information included in your submission please say
so in your submission. Any request to have information withheld
will be considered in accordance with the Official Information
Act.<br />
<br />
<br />
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-request-for-comment-on-proposed-afa-adviser-business-statement-guide-(version-2)/Consultation: Request for Comment on Proposed AFA Adviser Business Statement Guide (Version 2)2013-03-27T18:47:37+13:00Financial Markets Authority<div id="teaser-text">The Securities Commission intends to publish a revised edition of its AFA Adviser Business Statement Guide (the Guide) released in June 2010 (Draft Code Edition).</div><div id="body">
<p>The Securities Commission intends to publish a revised edition
of its AFA Adviser Business Statement Guide (the Guide) released in
June 2010 (Draft Code Edition).</p>
<p>This consultation on the revised edition of the Guide is
relevant for all existing AFAs, businesses or QFEs that employ AFAs
and those advisers applying or looking to apply for authorisation
by the Commission.</p>
<ul>
<li><a
title="Consultation - Request for Comment on Proposed AFA Adviser Business Statement Guide (Version 2)"
href="/laws-we-enforce/policy/closed-consultations/consultation-request-for-comment-on-proposed-afa-adviser-business-statement-guide-(version-2)/consultation-information/">See here for the consultation
information</a>.</li>
<li><a title="AFA Adviser Business Statement Guide"
href="/laws-we-enforce/policy/closed-consultations/consultation-request-for-comment-on-proposed-afa-adviser-business-statement-guide-(version-2)/afa-adviser-business-statement-guide/">See here for the AFA ABS guide for
consultation</a>.</li>
</ul>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-standard-conditions-for-qualifying-financial-entities-(qfes)-disclosure-and-related-matters/Consultation: Standard Conditions for Qualifying Financial Entities (Qfes) - Disclosure and Related Matters2013-03-27T18:47:36+13:00Financial Markets Authority<div id="teaser-text">The FAA 2008 provides that a grant of QFE status may be subject to terms and conditions and may also incorporate standard conditions</div><div id="body">
<p>21 October 2010</p>
<p>The Financial Advisers Act 2008 (the Act) provides that a grant
of QFE status may be subject to terms and conditions and may also
incorporate standard conditions. The proposed standard conditions
in this paper relate to a QFE's disclosure obligations under the
Act.</p>
<p>This paper supplements the <a
title="Standard Conditions for Qualifying Financial Entities"
href="/laws-we-enforce/policy/closed-consultations/standard-conditions-for-qualifying-financial-entities/">consultation paper on standard conditions
for QFEs</a> that was published by the Securities Commission (the
Commission) on 28 September. Together, the two papers present the
proposed standard conditions for a QFE. The Commission intends use
standard conditions for all QFEs, unless there are particular
circumstances requiring modifications.</p>
<p>The Act requires that standard conditions must be consulted on
before they are approved. This consultation paper is relevant for
all QFE applicants and is likely to be of interest to consumer
bodies.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/staff-paper-on-regulating-and-supervising-financial-advisers/Staff Paper on Regulating and Supervising Financial Advisers2013-03-27T18:47:34+13:00Financial Markets Authority<div id="teaser-text">Paper representing the preliminary thinking of Commission staff on how the Commission might regulate & supervise financial advisers under the Financial Advisers Act 2008.</div><div id="body">
<p>18 June 2009</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/staff-paper-on-authorised-financial-adviser-competence/Staff Paper On Authorised Financial Adviser Competence2013-03-27T18:47:33+13:00Financial Markets Authority<div id="teaser-text">This paper outlines current developments & possible approaches in relation to standards of competence for AFAs under the Financial Advisers Act 2008.</div><div id="body">
<p>20 April 2009</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/exemptions-for-listed-share-purchase-plans-and-rights-offers/Exemptions for listed share purchase plans and rights offers.2013-03-27T18:47:32+13:00Financial Markets Authority<div id="teaser-text">The Securities Commission seeks comment on options for exemptions to assist listed issuers to raise capital through limited offers to existing shareholders. </div><div id="body">
<p>23 December 2008</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/request-for-approval-of-austraclear-nzs-proposed-electronic-registry-interface/Request for Approval of Austraclear NZ's Proposed Electronic Registry Interface Under Section 7 of the Securities Transfer Act2013-03-27T18:47:31+13:00Financial Markets Authority<div id="teaser-text">Consultation on request for approval of Austraclear NZ’s proposed electronic registry interface under section 7 of the Securities Transfer Act.</div><div id="body">
<p>1 September 2008</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/deposit-guarantee-scheme-–-disclosure-proposals/Deposit Guarantee Scheme – Disclosure Proposals2013-03-27T18:47:30+13:00Financial Markets Authority<div id="teaser-text">The Commission proposes to grant exemptions to facilitate disclosure by financial institutions that are party to a Crown guarantee.</div><div id="body">
<p>16 October 2008</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/deposit-guarantee-scheme-further-exemption-proposals/Deposit Guarantee Scheme - Further Exemption Proposals2013-03-27T18:47:29+13:00Financial Markets Authority<div id="teaser-text">The Commission proposes to grant further exemptions in relation to the Crown’s deposit guarantee scheme to facilitate disclosure by collective investment schemes...</div><div id="body">
<p>14 November 2008</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/the-designation-and-oversight-of-designated-settlement-systems/The Designation and Oversight of Designated Settlement Systems2013-03-27T18:47:27+13:00Financial Markets Authority<div id="teaser-text">Draft Policy: The designation and oversight of designated settlement systems.</div><div id="body">
<p>Designated settlement systems are approved systems or
arrangements for payment and settlement of transactions.</p>
<p><a
href="http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#reserve-bank-of-new-zealand-act-1989">
See more about designated settlement systems.</a></p>
<p>30 November 2009</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/request-for-comment-on-proposed-standard-conditions-for-authorised-financial-advisers/Request for comment on proposed standard conditions for authorised financial advisers2013-03-27T18:47:26+13:00Financial Markets Authority<div id="teaser-text">The Financial Advisers Act 2008 allows the Commission to authorise financial advisers for a range of specified financial adviser services for a specified period.</div><div id="body">
<p>9 September 2010</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/standard-conditions-for-qualifying-financial-entities/Consultation: Standard conditions for Qualifying Financial Entities (QFEs)2013-03-27T18:47:24+13:00Financial Markets Authority<div id="teaser-text">The Financial Advisers Act 2008 allows the Securities Commission to grant QFE status to an entity for a specified period.</div><div id="body">
<p>28 September 2010</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/submissions-on-the-proposed-guidance-note-effective-disclosure/Submissions on the proposed Guidance Note Effective Disclosure2013-03-27T18:47:22+13:00Financial Markets Authority<div id="teaser-text">FMA issued its draft guidance note and a consultation paper on 26 January 2012.</div><div id="body">
<p>FMA issued its draft guidance note and a consultation paper on
26 January 2012.</p>
<p>We met with over 35 groups of stakeholders (including industry
groups and associations, consumer groups, issuers, law firms,
accountancy firms, fund managers, investment banks, registered
banks) during February and early March 2012.</p>
<p>We received 62 formal submissions from groups including industry
groups and associations, consumer groups, issuers, law firms,
accountancy firms, fund managers, investment banks, registered
banks and some individuals.</p>
<p>We are grateful to all submitters who took the time to prepare
and provide a submission, and to those who discussed specific
issues with us during the consultation meetings.</p>
<p>Copies of the non-confidential submissions can be downloaded
below. A summary of the submissions is available in the document
'Response document and invitation to provide' feedback on our
consultations page.</p>
<ul>
<li><a
title="Second Consultation: Request for Feedback - Guidance Note: Effective Disclosure"
href="/laws-we-enforce/policy/closed-consultations/second-consultation-request-for-feedback-–-guidance-note-effective-disclosure/">Second consultation: Revised draft
guidance note: Effective disclosure</a></li>
<li><a
href="http://www.fma.govt.nz/media/689061/seccomdocs-_210287-v1-response_document__effective_disclosure.pdf">
Response document and invitation to provide
feedback </a></li>
</ul>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/second-consultation-request-for-feedback-–-guidance-note-effective-disclosure/Second Consultation: Request for Feedback – Guidance Note: Effective Disclosure2013-03-27T18:47:21+13:00Financial Markets Authority<div id="teaser-text">FMA has previously consulted on proposed guidance on how to prepare and present prospectuses and investment statements</div><div id="body">
<h3>The final date for submissions is 5pm Thursday 10 May
2012.<br />
<br />
</h3>
<p>FMA has previously consulted on proposed guidance on how to
prepare and present prospectuses and investment statements. We have
incorporated feedback from that consultation into this revised
draft <a
href="http://www.fma.govt.nz/media/689064/seccomdocs-_210684-v1-draft_guidance_effective_disclosure_april_2012.pdf">
guidance note</a>. We are now seeking feedback on this final
draft.</p>
<h2>Submission process.</h2>
<p>This is an opportunity to provide high level feedback on
our overall approach and output. The 'Response document and
invitation to provide feedback' can be downloaded <a
href="http://www.fma.govt.nz/media/689061/seccomdocs-_210287-v1-response_document__effective_disclosure.pdf">
here</a>.<br />
<br />
Please <a href="mailto:consultation@fma.govt.nz">email</a> your
feedback, providing it in both PDF and word documents.<br />
<br />
</p>
<h2>Previous submissions</h2>
<p>A summary of feedback from the first consultation can be
downloaded below in the document 'Response document and invitation
to provide feedback'. <br />
<br />
Copies of non-confidential <a
href="http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/submissions-on-the-proposed-guidance-note-effective-disclosure/">
submissions</a> are also available.<br />
<br />
</p>
<h2>Next steps</h2>
<p>We propose to issue a final version of the guidance note before
the end of May 2012.</p>
<p>We will not treat any part of your submission as confidential
unless you specifically request we do so. Submissions will be
subject to the Official Information Act 1982. We may make
submissions available on our website, may compile a summary of the
submissions or draw attention to individual submissions in internal
or external reports.</p>
<p>If you would like us to withhold any commercially sensitive,
confidential or proprietary information included in your
submission, please clearly state this in your submission and
identify the relevant sections. We will consider any request
to have information withheld in accordance with our obligations
under the Official Information Act.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/project-update-class-exemption-review/Project Update: Class exemption review2013-03-27T18:47:17+13:00Financial Markets Authority<div id="teaser-text">Project Update: Class exemption review</div>http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/consultation-paper-financial-advisers-australian-licensee-notice/Consultation Paper: Financial Advisers Australian Licensee notice2013-03-27T18:47:12+13:00Financial Markets Authority<div id="teaser-text">Consultation paper Financial Advisers Australian Licensee notice</div>http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/consultation-paper-class-exemption-review/Consultation Paper: Class exemption review2013-03-27T18:47:09+13:00Financial Markets Authority<div id="teaser-text">consultation paper: class exemption review</div><div id="body">
FMA has published a consultation paper on 17 Securities Act and
Financial Reporting Act class exemption notices currently under
review. 14 of these notices are notices on which we have
already received and considered submissions. FMA is now in a
position to publish advanced proposals for comment. These
notices were extended until 31 March 2013 to enable this further
consultation. 3 additional notices have been added to our
review because they are due to expire in 2013. FMA has
undertaken an initial review and based on this provides proposals
for consultation on these additional notices.<br />
<br />
<strong>Notices subject to the consultation on which submissions
are sought</strong><br />
<br />
In this consultation we seek comments on proposals in relation to
the following notices. Where indicated we have also provided
a draft notice with our proposals incorporated for your
comment.<br />
<br />
Appendix 1: Notices relating to Australian issuers<br />
<br />
(i) Securities Act (Australian Issuers)<br />
(ii) Securities Act (Australian Registered Managed
Investment Schemes)<br />
<br />
Appendix 2: Notices relating to other overseas issuers<br />
<br />
(i) Securities Act (Overseas Companies). Draft notice
provided for comment at appendix 2A.<br />
(ii) Securities Act (Overseas Employee Share Purchase
Schemes). Draft notice provided for comment at appendix 2B.<br />
(iii) Securities Act (Overseas Listed Issuers. Draft notice
provided for comment at appendix 2C.<br />
(iv) Financial Reporting Act (Overseas Companies)<br />
(v) Financial Reporting Act (Overseas Issuers)<br />
<br />
Appendix 3: Notices relating to deposit takers<br />
<br />
(i) Securities Act (Building Societies). Draft notice
provided for comment at appendix 3A.<br />
(ii) Securities Act (Friendly Societies). Draft notice
provided for comment at appendix 3B.<br />
(iii) Securities Act (Financial Institutions). Draft notice
provided for comment at appendix 3C.<br />
(iv) Securities Act (Industrial and Provident
Societies). Draft notice provided for comment at appendix 3D.<br />
<br />
Appendix 4: Notices relating to reconstruction of issuers or
securities<br />
<br />
(i) Securities Act (Renewals and Variations). Draft
notice provided for comment at appendix 4A.<br />
(ii) Securities Act (Takeovers)<br />
(iii) Securities Act (Rights, Options, and Convertible
Securities). Draft notice provided for comment at appendix
4B.<br />
(iv) Securities Act (Co-operative Companies). Draft
notice provided for comment at appendix 4C.<br />
<br />
Appendix 5: Notices relating to externally managed schemes<br />
<br />
(i) Securities Act (Externally Managed Group
Investment Funds)<br />
(ii) Securities Act (Externally Managed KiwiSaver
Schemes and Superannuation Schemes)<br />
<br />
<strong>Submission process</strong><br />
<br />
We seek submissions on the proposals in the paper to assist with
this review process. Please email your feedback, providing it
in both PDF and word documents. The email subject line should
identify that the email contains a submission on the class
exemption review, and who the submission is from, eg 'Submission on
Class Exemption Review by [submitter's name]'.Submissions should be
sent by email to exemptions@fma.govt.nz. The deadline for
submissions is 14 January 2013.<br />
<br />
You can contact Natalie Muir, Manager Exemptions, with any
questions.
</div>http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/project-update-and-consultation-class-exemption-review/Project update and consultation: Class exemption review2013-03-27T18:47:08+13:00Financial Markets Authority<div id="teaser-text">Project update and consultation: Class exemption review Real Property Proportionate Ownership Schemes</div>http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/consultation-paper-issuer-exemptions-from-licensed-auditor-requirement/Consultation Paper: Issuer exemptions from licensed auditor requirement2013-03-27T18:47:07+13:00Financial Markets Authority<div id="teaser-text">Consultation Paper: Issuer exemptions from licensed auditor requirement</div>http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/project-update-class-exemption-review-real-property-proportionate-ownership-schemes/Project update: Class exemption review - Real Property Proportionate Ownership Schemes2013-03-27T18:47:06+13:00Financial Markets Authority<div id="teaser-text">Project update: class exemption review - real property proportionate ownership schemes</div><div id="body">
<p>On 31 August 2012 we released a further consultation paper
seeking submissions on our proposals for the review of the regime
relating to real property proportionate ownership schemes.<br />
<br />
Submissions were due by 24 September 2012.<br />
<br />
We received submissions from 6 different submitters. As noted in
our consultation paper, the submissions are subject to the Official
Information Act 1982 and we may make submissions available on our
website. We are now publishing the submissions, which can be viewed
<a
href="/media/1245497/project_update_-_class_exemption_review_-_real_property_proportionate_ownership_scheme_submissions.pdf">
here</a>.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/project-update-260912-class-exemption-review/Project update: Class exemption review2013-03-27T18:47:05+13:00Financial Markets Authority<div id="teaser-text">Project update: Class exemption review</div><div id="body">
<p><strong>26 September 2012<br />
<br />
</strong> <strong>About this project update<br />
<br />
</strong> FMA has made decisions on all of the 44 class exemption
notices under review that were scheduled to expire in 2012. We have
now finalised the drafting of exemption notices to put into effect
our decisions.<br />
<br />
<strong>Why are we issuing this project update?<br />
<br />
</strong> This report will assist you to find the notice that
either replaces, or provides amendments to, the 44 class exemption
notices.<br />
<br />
<strong>Financial Markets Authority<br />
</strong> Level
2
Level 5, Ernst &Young Building 1 Grey
Street
2 Takutai Square<br />
WELLINGTON
Britomart<br />
AUCKLAND</p>
<p>Website: <a
href="http://www.fma.govt.nz">www.fma.govt.nz</a><br />
<br />
<strong>Introduction<br />
<br />
</strong> On 10 September 2012 we reported that FMA had made
decisions on all of the 44 class exemption notices under review
that were scheduled to expire in 2012. We have now finalised
the drafting of exemption notices to put into effect our
decisions.<br />
<br />
For more information on the background relating to the decisions
made please see our September 2012 project update at
<span>www.fma.govt.nz</span> under 'Laws We Enforce', 'Policy',
'Closed Consultations'.<br />
<br />
<strong>Notice amending or replacing existing class exemption
notice<br />
<br />
</strong> In total 12 exemption notices give effect to FMA's
decisions on the 44 class exemption notices reviewed:</p>
<ul>
<li><br />
The Securities Act (Extension of Term, Amendment, and
Transitional<br />
Provision) Exemption Notice 2012 gives effect to minor changes
determined appropriate to many Securities Act exemption
notices.</li>
</ul>
<ul>
<li><br />
The Financial Reporting Act (Extension of Term) Exemption Notice
2012 gives effect to minor changes determined appropriate to two
Financial Reporting Act exemption notices.</li>
</ul>
<ul>
<li><br />
Nine notices give effect to changes determined appropriate to nine
Securities Act exemption notices. The extent of the changes
required meant that in the case of these notices it was preferable
to either make the changes by an individual amendment notice, or to
put in place a replacement notice.</li>
</ul>
<ul>
<li><br />
The Securities Act (Registered Banks Futures Contracts) Exemption
Amendment Notice 2012 gives effect to the extension of the
Securities Act (Registered Banks Futures Contracts) Exemption
Notice 2007. This amendment notice was notified in the Gazette
on 26 July 2012, and came into force on 27 July 2012, prior to the
expiry of the principal notice on 31 July 2012.</li>
</ul>
<p>The table in the <strong>Appendix</strong> below specifies the
amendment notice or replacement notice, corresponding to each of
the expiring exemption notices.<br />
<br />
<strong>When will the replacement notices or amendment notices
come into force?<br />
<br />
</strong> The notices will be notified in the New Zealand Gazette
on 27 September 2012 and the amendment notices come into force on
28 September 2012. The replacement notices come into force on
1 October 2012.<br />
<br />
<strong>Copies of notices<br />
<br />
</strong> The amendment and replacement notices that give effect to
these decisions will be published on the New Zealand legislation
website <span>www.legislation.govt.nz</span> once the notices have
been notified in the Gazette. A link to the notice on the New
Zealand legislation website will then be provided on FMA's website
at 'Laws We Enforce', 'Legislation', 'Exemption Notices'. In
the meantime if you require a copy of a particular notice please
contact FMA.<br />
<br />
The New Zealand legislation website also aims to consolidate the
amendments to principal notices within 15 working days.<br />
<br />
<strong>Further reviews<br />
<br />
</strong> <strong>Notices extended to 30 September 2017<br />
</strong> Our review of notices extended until 30 September 2017,
has been finalised and the corresponding amendments, or replacement
notices, are effective until these dates. Similarly no further
current changes are envisaged to the Registered Banks Futures
Contracts notice, which was extended (on 27 July 2012) until 31 May
2017. With that in mind FMA is able to review a notice at any time,
and will do so if issues come to our attention, that suggest review
is appropriate to either protect investors' interests or to
facilitate and promote fair, efficient and transparent financial
markets. Market participants, advisers, and investors, are
encouraged to contact us at any time with issues. Additionally, FMA
recognises that review will again be required prior to legislative
change envisaged in the Financial Markets Conduct Bill.<br />
<br />
<strong>15 notices extended to 31 March 2013<br />
</strong> In the case of the 15 notices recorded below, FMA
acknowledges that further amendments may be desirable to enhance
the effectiveness of these notices in facilitating the efficient
and transparent offer and allotment of the securities to which they
relate. In such circumstances these notices have been extended
without significant amendment for six months to allow time for
consultation on further amendments.</p>
<ul>
<li><br />
Financial Reporting Act (Overseas Companies) Exemption Notice
2007</li>
<li><br />
Financial Reporting Act (Overseas Issuers) Exemption Notice
2009</li>
<li><br />
Securities Act (Australian Issuers) Exemption Notice 2002</li>
<li><br />
Securities Act (Building Societies) Exemption Notice 2002</li>
<li><br />
Securities Act (Co-operative Companies) Exemption Notice 2011</li>
<li><br />
Securities Act (Financial Institutions) Exemption Notice 2011</li>
<li><br />
Securities Act (Friendly Societies) Exemption Notice 2011</li>
<li><br />
Securities Act (Industrial and Provident Societies) Exemption
Notice 2011</li>
<li><br />
Securities Act (Overseas Companies) Exemption Notice 2002</li>
<li><br />
Securities Act (Overseas Employee Share Purchase Schemes)
Exemption Notice 2002</li>
<li><br />
Securities Act (Overseas Listed Issuers) Exemption Notice
2002</li>
<li><br />
Securities Act (Real Property Developments) Exemption Notice
2007</li>
<li><br />
Securities Act (Renewals and Variations) Exemption Notice
2002</li>
<li><br />
Securities Act (Rights, Options and Convertible Securities)
Exemption Notice 2002</li>
<li><br />
Securities Act (Takeovers) Exemption Notice 2011.</li>
</ul>
<p>FMA will contact you if you have indicated interest in these
notices, and made a submission on the relevant notice or asked to
be added to the list of persons interested in the relevant notice.
If you have an interest in any of these notices and have not
already asked to be put on the list, please contact us.<br />
<br />
<strong>Charitable and Religious Purposes Notice<br />
</strong> The Securities Act (Charitable and Religious Purposes)
Exemption Notice 2003 has been extended without significant
amendment until 30 November 2013. The purpose of this is to allow
time for the completion of a joint review with the Reserve Bank of
New Zealand on the application of securities law and prudential
requirements for charitable and religious organisations that also
rely on the Deposit Takers (Charitable and Religious Organisations)
Exemption Notice 2010.<br />
<br />
<strong>Contributory Mortgage Regulations - Solicitors
Notice<br />
</strong> The Securities Act (Contributory Mortgage) Regulations
(Solicitors) Exemption Notice 1996 has been extended without
significant amendment until 30 June 2013. The purpose of this is to
allow time for the completion of a detailed review by FMA of the
regulation of contributory mortgages offered by solicitors,
including in light of the proposals in the Financial Markets
Conduct Bill for these products.<br />
<br />
Again, do contact us if you wish to be consulted on FMA's
proposals in relation to any of these notices.<br />
<br />
<strong>Further information<br />
<br />
</strong> For background information on the key effects and policy
reasons for the notices, and on submissions received, and on FMA's
decisions on the notices please see our 10 September 2012 project
update available at <span>www.fma.govt.nz</span> under 'Laws We
Enforce', 'Policy', 'Closed consultations'.<br />
<br />
If you have questions about the decisions made, or the notices
giving effect to the decisions you can contact <strong>Natalie
Muir, Manager Exemptions</strong> on 04 471 4616 or by email: <a
href="mailto:exemptions@fma.govt.nz">exemptions@fma.govt.nz</a>.</p>
<p><strong>APPENDIX</strong></p>
<table class="text">
<tbody>
<tr>
<th> </th>
<th><strong><span>Expiring class exemption
notice</span></strong></th>
<th scope="row"><strong><span>Amendment notice, or replacement
notice, giving effect to FMA decision</span></strong></th>
</tr>
<tr>
<td><span>1.</span></td>
<td><span>Financial Reporting Act (Overseas Companies) Exemption
Notice 2007</span></td>
<td><span>Financial Reporting Act(Extension of Term)Exemption
Notice 2012</span></td>
</tr>
<tr>
<td>2.</td>
<td><span>Financial Reporting Act (Overseas Issuers) Exemption
Notice 2009</span></td>
<td><span>Financial Reporting Act(Extension of Term)Exemption
Notice 2012</span></td>
</tr>
<tr>
<td>3.</td>
<td><span>Securities Act (Advertisements Containing Investment
Advice) Exemption Notice 2002</span></td>
<td><span>Securities Act (Advertisements Containing Financial
Advice) Exemption Notice 2012</span></td>
</tr>
<tr>
<td>4.</td>
<td><span>Securities Act (Amalgamations) Exemption Notice
2002</span></td>
<td><span>Exemption expiring - no new notice</span></td>
</tr>
<tr>
<td>5.</td>
<td><span>Securities Act (Audiovisual Advertisements) Exemption
Notice 2002</span></td>
<td><span>Securities Act (Audiovisual Advertisements) Exemption
Notice 2012</span></td>
</tr>
<tr>
<td>6.</td>
<td><span>Securities Act (Australian Issuers) Exemption Notice
2002</span></td>
<td><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></td>
</tr>
<tr>
<td>7.</td>
<td><span>Securities Act (Authorised Futures Contracts) Exemption
Notice 2002</span></td>
<td><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></td>
</tr>
<tr>
<td>8.</td>
<td><span>Securities Act (Banks) Exemption Notice 2002</span></td>
<td><span>Securities Act (Banks) Exemption Notice 2012</span></td>
</tr>
<tr>
<td>9.</td>
<td><span>Securities Act (Bloodstock) Exemption Notice
2002</span></td>
<td><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></td>
</tr>
<tr>
<td>10.</td>
<td><span>Securities Act (Building Societies) Exemption Notice
2002</span></td>
<td><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></td>
</tr>
<tr>
<td>11.</td>
<td><span>Securities Act (Certificates for Securities Transferred
Electronically) Exemption Notice<br />
2003</span></td>
<td><span>Exemption expiring - no new notice</span></td>
</tr>
<tr>
<td>12.</td>
<td><span>Securities Act (Charitable and Religious Purposes)
Exemption Notice 2003</span></td>
<td><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></td>
</tr>
<tr>
<td>13.</td>
<td><span>Securities Act (Commercial Bill Dealers) Exemption Notice
2002</span></td>
<td><span>Securities Act (Commercial Bill Dealers) Exemption Notice
2012</span></td>
</tr>
<tr>
<td>14.</td>
<td><span><span>Securities<br />
Act (Continuous Debt Issues) Exemption Notice
2002</span></span></td>
<td><span><span>Securities Act (Continuous Debt Issues) Exemption
Notice 2012</span></span></td>
</tr>
<tr>
<td>15.</td>
<td><span><span>Securities<br />
Act (Contributory Mortgage Brokers) Exemption Notice
1983</span></span></td>
<td><span><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></span></td>
</tr>
<tr>
<td>16.</td>
<td><span><span>Securities Act (Contributory Mortgage)
Regulations(Solicitors) Exemption Notice 1996</span></span></td>
<td><span><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></span></td>
</tr>
<tr>
<td>17.</td>
<td><span><span>Securities Act (Co-operative Companies) Exemption
Notice 2011</span></span></td>
<td><span><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></span></td>
</tr>
<tr>
<td>18.</td>
<td><span><span>Securities Act (Employee Share Purchase Schemes -
Listed Companies) Exemption Notice 2011</span></span></td>
<td><span><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></span></td>
</tr>
<tr>
<td>19.</td>
<td><span><span>Securities Act (Employee Share Purchase Schemes
-Unlisted Companies) Exemption Notice 2011</span></span></td>
<td><span><span>Securities Act (Extension of Term, Amendment, and
Transitional Provision) Exemption Notice 2012</span></span></td>
</tr>
<tr>
<td>20.</td>
<td><span><span>Securities Act (Equity Warrant Issuers) Exemption
Notice 2002</span></span></td>
<td><span><span>Securities Act (Equity Warrant Issuers) Exemption
Notice 2012</span></span></td>
</tr>
<tr>
<td>21.</td>
<td><span><span>Securities Act (Estates and Interests in Australian
Land) Exemption Notice 2002</span></span></td>
<td><span><span>Securities Act (Estates and Interests in Australian
Land) Exemption Amendment Notice 2012</span></span></td>
</tr>
<tr>
<td>22.</td>
<td><span><span><span>Securities Act (Financial Institutions)
Exemption Notice 2011</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>23.</td>
<td><span><span><span>Securities Act (French Issuers Employee Share
Purchase Schemes) Exemption Notice 2010</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>24.</td>
<td><span><span><span>Securities Act (Friendly Societies) Exemption
Notice 2011</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice<br />
2012</span></span></span></td>
</tr>
<tr>
<td>25.</td>
<td><span><span><span>Securities Act (Group Investment Index Funds)
Exemption Notice 2002</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>26.</td>
<td><span><span><span>Securities Act (Industrial and Provident
Societies) Exemption Notice 2011</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>27.</td>
<td><span><span><span>Securities Act (Life Insurance Companies)
Exemption Notice 2002</span></span></span></td>
<td><span><span><span>Exemption expiring - no new
notice</span></span></span></td>
</tr>
<tr>
<td>28.</td>
<td><span><span><span>Securities Act (NZX Issuers) Exemption Notice
2007</span></span></span></td>
<td><span><span><span>Exemption expiring - no new
notice</span></span></span></td>
</tr>
<tr>
<td>29.</td>
<td><span><span><span>Securities Act (Overseas Companies) Exemption
Notice 2002</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>30.</td>
<td><span><span><span>Securities Act (Overseas Employee Share
Purchase Schemes) Exemption Notice 2002</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>31.</td>
<td><span><span><span>Securities Act (Overseas Listed Issuers)
Exemption Notice 2002</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>32.</td>
<td><span><span><span>Securities Act (Overseas Takeovers by New
Zealand Companies) Exemption Notice 2002</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>33.</td>
<td><span><span><span>Securities Act (Real Property Developments)
Exemption Notice 2007</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>34.</td>
<td><span><span><span>Securities Act (Real Property Proportionate
Ownership Schemes) Exemption Notice 2002</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>35.</td>
<td><span><span><span>Securities Act (Registered Banks Futures
Contracts) Exemption Notice 2007</span></span></span></td>
<td><span><span>Securities Act (Registered Banks Futures Contracts)
Exemption Amendment Notice 2012. Note: the 2007 notice was due to
expire on 31 July 2012 so the amendment notice extending its expiry
was notified in the Gazette on 26 July 2012, and came into force on
27 July 2012.</span></span></td>
</tr>
<tr>
<td>36.</td>
<td><span><span><span>Securities Act (Renewals and Variations)
Exemption Notice 2002</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>37.</td>
<td><span><span><span>Securities Act (Rights, Options, and
Convertible Securities) Exemption Notice
2002</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>38.</td>
<td><span><span><span>Securities Act (Sharebrokers) Exemption
Notice 1984</span></span></span></td>
<td><span><span><span>Securities Act (Brokers) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>39.</td>
<td><span><span><span>Securities Act (Short Form Prospectus)
Exemption Notice 2009</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>40.</td>
<td><span><span><span>Securities Act (Stock and Station Agents)
Exemption Notice 2010</span></span></span></td>
<td><span><span><span>Exemption expiring - no new
notice</span></span></span></td>
</tr>
<tr>
<td>41.</td>
<td><span><span><span>Securities Act (Superannuation Schemes -
Summary of Financial Statements) Exemption Notice
2006</span></span></span></td>
<td><span><span><span>Exemption expiring - no new
notice</span></span></span></td>
</tr>
<tr>
<td>42.</td>
<td><span><span><span>Securities Act (Takeovers) Exemption Notice
2011</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
<tr>
<td>43.</td>
<td><span><span><span>Securities Act (Unit Trust Certificates)
Exemption Notice 2002</span></span></span></td>
<td><span><span><span>Securities Act (Unit Trust Certificates)
Exemption Notice 2012</span></span></span></td>
</tr>
<tr>
<td>44.</td>
<td><span><span><span>Securities Act (Venture Capital Schemes)
Exemption Notice 2008</span></span></span></td>
<td><span><span><span>Securities Act (Extension of Term, Amendment,
and Transitional Provision) Exemption Notice
2012</span></span></span></td>
</tr>
</tbody>
</table>
</div>http://www.fma.govt.nz/laws-we-enforce/policy/Policy2013-03-27T18:47:04+13:00Financial Markets Authority<div id="teaser-text">As part of the process of preparing policy advice on developing legislation, FMA often consults with market participant and publishes consultation documents.</div><div id="body">
<p>The Financial Markets Authority provides advice to government on
the desired scope and content of legislation governing conduct in
financial markets. As part of the process of preparing this policy
advice, we often consult with market participant and publish
consultation documents.</p>
<ul>
<li><a title="Current Consultations"
href="/laws-we-enforce/policy/current-consultations/">Current consultations</a></li>
<li><a title="Closed Consultations"
href="/laws-we-enforce/policy/closed-consultations/">Closed consultations</a></li>
</ul>
<p> </p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-advisers-act-2008-exemptions/financial-advisers-(australian-qualified-advisers)-exemption-notice-2012/Financial Advisers Act 2008 (Australian Qualified Advisers)2013-03-27T18:47:02+13:00Financial Markets Authority<div id="teaser-text">Financial Advisers (Australian Qualified Advisers) Exemption Notice 2012</div><div id="body">
<a
href="http://www.fma.govt.nz/help-me-comply/financial-advisers/who-needs-to-comply/australian-advisers/australian-qualified-advisers-exemption-2012/">
Fact sheet: Australian Qualified Advisers Exemption 2012</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-advisers-act-2008-exemptions/financial-advisers-act-2008-(broker-trust-accounts)-2011-revocation/Financial Advisers Act 2008 (Broker Trust Accounts)2013-03-27T18:47:01+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Broker Trust Accounts</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-advisers-act-2008-exemptions/financial-advisers-act-(australian-licensees)/Financial Advisers Act 2008 (Australian Licensees)2013-03-27T18:47:01+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for Australian Licensees</div><div id="body">
<p><a
href="http://www.legislation.govt.nz/regulation/public/2011/0238/latest/DLM3848033.html">
Exemption Notice</a></p>
<p><a
href="http://www.fma.govt.nz/help-me-comply/financial-advisers/who-needs-to-comply/australian-advisers/">
Fact Sheet</a></p>
<p><a title="Australian Licensees Exemption Notice"
href="/help-me-comply/financial-advisers/guidance-notes/australian-licensees-exemption-notice/">Note for Australian Licensees on
Financial Advisers (Australian Licensees) Exemption Notice</a></p>
<p><a
href="/media/1509521/consultation_paper_financial_advisers_australian_licensee_notice.pdf">
Consultation Paper: Financial Advisers Australian Licensee
notice</a></p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(overseas-issuers)-exemption-amendment-notice-2012/Financial Reporting Act 1993 (Overseas Issuers)2013-03-27T18:47:00+13:00Financial Markets Authority<div id="teaser-text">Financial Reporting Act (Overseas Issuers) Exemption Amendment Notice 2012 </div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2012/0362/latest/DLM4933901.html?search=ta_regulation_F_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=2">
Financial Reporting Act (Overseas Issuers) Exemption Amendment
Notice 2012</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(extension-of-term)-exemption-notice-2012/Financial Reporting Act 1993 (Extension of Term)2013-03-27T18:46:59+13:00Financial Markets Authority<div id="teaser-text">Financial Reporting Act (Extension of Term) Exemption Notice 2012 </div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0296/latest/DLM4763801.html">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(fisher-paykel-finance-limited-group)-exemption-notice-2012/Financial Reporting Act 1993 (Fisher & Paykel Finance Limited Group)2013-03-27T18:46:58+13:00Financial Markets Authority<div id="teaser-text">Financial Reporting Act (Fisher & Paykel Finance Limited Group) Exemption Notice 2012 </div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2012/0184/latest/DLM4581101.html">
Exemption Notice</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(ubs-ag)-exemption-notice-2012/Financial Reporting Act 1993 (UBS AG)2013-03-27T18:46:57+13:00Financial Markets Authority<div id="teaser-text">Financial Reporting Act (UBS AG) Exemption Notice 2012</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(henderson-far-east-income-limited)-exemption-notice-2012/Financial Reporting Act 1993 (Henderson Far East Income Limited)2013-03-27T18:46:56+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Henderson Far East Income Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(goodman-fielder-treasury-pty-limited)-exemption-notice-2011/Financial Reporting Act 1993 (Goodman Fielder Treasury Pty Limited)2013-03-27T18:46:55+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Goodman Fielder Treasury Pty Limited</div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2011/0312/latest/DLM3984915.html">
Exemption Notice</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(australian-parent-entity-financial-statements)-exemption-notice-2011/Financial Reporting Act 1993 (Australian Parent Entity Financial Statements)2013-03-27T18:46:55+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Australian Parent Entity Financial Statements</div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2011/0318/latest/DLM3998693.html">
Exemption Notice<br />
<br />
</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(tower-financial-services-group-limited)/Financial Reporting Act 1993 (Tower Financial Services Group Limited)2013-03-27T18:46:54+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for Tower Financial Services Group Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(li-fung-limited)/Financial Reporting Act 1993 (Li & Fung Limited)2013-03-27T18:46:54+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for Li & Fung Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-(oceanagold-corporation)/Financial Reporting Act 1993 (OceanaGold Corporation)2013-03-27T18:46:54+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for OceanaGold Corporation</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(schneider-electric-sa)/Financial Reporting Act 1993 (Schneider Electric S.A.)2013-03-27T18:46:53+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Schneider Electric S.A.</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(the-hongkong-shanghai-banking-corporation-ltd)/Financial Reporting Act 1993 (The HongKong & Shanghai Banking Corporation Ltd)2013-03-27T18:46:53+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for The HongKong & Shanghai Banking Corporation Ltd</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(world-bank)/Financial Reporting Act 1993 (World Bank)2013-03-27T18:46:53+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for World Bank</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(kiwi-capital-mangement-limited)/Financial Reporting Act 1993 (Kiwi Capital Management Limited)2013-03-27T18:46:53+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for Kiwi Capital Management Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(international-finance-corporation-)/Financial Reporting Act 1993 (International Finance Corporation)2013-03-27T18:46:51+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for International Finance Corporation</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(general-electric-capital-corporation-group)/Financial Reporting Act 1993 (General Electric Capital Corporation Group)2013-03-27T18:46:50+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for General Electric Capital Corporation Group</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(henderson-group-plc)/Financial Reporting Act 1993 (Henderson Group plc)2013-03-27T18:46:50+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Henderson Group plc</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(independent-news-media-plc)/Financial Reporting Act 1993 (Independent News & Media PLC)2013-03-27T18:46:50+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Independent News & Media PLC</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(asian-development-bank)/Financial Reporting Act 1993 (Asian Development Bank)2013-03-27T18:46:49+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Asian Development Bank</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(deutsche-bank-aktiengesellschaft-)/Financial Reporting Act 1993 (Deutsche Bank Aktiengesellschaft)2013-03-27T18:46:49+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Deutsche Bank Aktiengesellschaft</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(abb-limited)/Financial Reporting Act 1993 (ABB Limited)2013-03-27T18:46:48+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for ABB Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/financial-reporting-act-1993-exemptions/financial-reporting-act-1993-(american-international-assurance-company-(bermuda)-limited)-2010/Financial Reporting Act 1993 (American International Assurance Company (Bermuda) Limited)2013-03-27T18:46:48+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for American International Assurance Company (Bermuda) Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/futures-contracts-(the-bank-of-new-york-mellon)-exemption-notice-2011/Futures Contracts (The Bank of New York Mellon)2013-03-27T18:46:47+13:00Financial Markets Authority<div id="teaser-text">Futures Contracts (The Bank of New York Mellon) Exemption Notice 2011</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/securities-markets-act-(nzcdc-settlement-system)-exemption-notice-2010/Securities Markets Act (NZCDC Settlement System)2013-03-27T18:46:47+13:00Financial Markets Authority<div id="teaser-text">Securities Markets Act (NZCDC Settlement System) Exemption Notice 2010</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/future-contracts-(financial-transmission-rights)-exemption-notice-2013/Futures Contracts (Financial Transmission Rights)2013-03-27T18:46:47+13:00Financial Markets Authority<div id="teaser-text">Future Contracts (Financial Transmission Rights) Exemption Notice 2013</div><div id="body">
<p><a
href="/media/1516838/futures_contracts__financial_transmission_rights__exemption_notice_2013.pdf">
Futures Contracts (Financial Transmission Rights) Exemption Notice
2013</a></p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/securities-markets-act-(contact-energy-ltd-small-holding-plan)-exemption-notice-2013/Securities Markets Act (Contact Energy Limited Small Holding Plan)2013-03-27T18:46:47+13:00Financial Markets Authority<div id="teaser-text">Securities Markets Act (Contact Energy Ltd Small Holding Plan) Exemption Notice 2013</div><div id="body">
<a
href="/media/1522096/securities_markets_act__contact_energy_limited_small_holding_plan__exemption_notice_2013.pdf">
Securities Markets Act (Contact Energy Limited Small Holding Plan)
Exemption Notice 2013</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/futures-contracts-(figure-eight-global-investors-limited)-exemption-notice-2009/Futures Contracts (Figure Eight Global Investors Limited)2013-03-27T18:46:46+13:00Financial Markets Authority<div id="teaser-text">Futures Contracts (Figure Eight Global Investors Limited) Exemption Notice 2009</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/futures-contracts-(commonwealth-securities-limited)-exemption-notice-2009/Futures Contracts (Commonwealth Securities Limited)2013-03-27T18:46:46+13:00Financial Markets Authority<div id="teaser-text">Futures Contracts (Commonwealth Securities Limited) Exemption Notice 2009</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/futures-contracts-(nzcdc-settlement-system-and-nzx-derivatives-market)-exemption-notice-2010/Futures Contracts (NZCDC Settlement System and NZX Derivatives Market)2013-03-27T18:46:46+13:00Financial Markets Authority<div id="teaser-text">Futures Contracts (NZCDC Settlement System and NZX Derivatives Market) Exemption Notice 2010</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/futures-contracts-(jp-morgan-securities-australia-limited)-exemption-notice-2010/Futures Contracts (J.P. Morgan Securities Australia Limited)2013-03-27T18:46:46+13:00Financial Markets Authority<div id="teaser-text">Futures Contracts (J.P. Morgan Securities Australia Limited) Exemption Notice 2010</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/securities-markets-act-(masthead-joint-venture)-exemption-notice-2012/Securities Markets Act (Masthead Joint Venture)2013-03-27T18:46:45+13:00Financial Markets Authority<div id="teaser-text">Securities Markets Act (Masthead Joint Venture) Exemption Notice 2012</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/futures-contracts-(millennium-capital-management-(new-zealand))-exemption-notice-2012/Futures Contracts (Millennium Capital Management (New Zealand))2013-03-27T18:46:45+13:00Financial Markets Authority<div id="teaser-text">Futures Contracts (Millennium Capital Management (New Zealand)) Exemption Notice 2012</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/futures-contracts-(om-financial-limited)-exemption-notice-2012/Futures Contracts (OM Financial Limited)2013-03-27T18:46:45+13:00Financial Markets Authority<div id="teaser-text">Futures Contracts (OM Limited) Exemption Notice 2012</div><div id="body">
<span><a
href="/media/1239929/futures_contracts__om_financial_limited__exemption_notice_2012.pdf">
Futures Contracts (OM Financial Limited) Exemption Notice
2012</a></span>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/futures-contracts-(ipredict-limited)-declaration-and-exemption-notice-2008/Futures Contracts (iPredict Limited)2013-03-27T18:46:45+13:00Financial Markets Authority<div id="teaser-text">Futures Contracts (iPredict Limited) Declaration and Exemption Notice 2008</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/futures-contracts-(asia-pacific-risk-management-limited)-exemption-notice-2012/Futures Contracts (Asia-Pacific Risk Management Limited)2013-03-27T18:46:44+13:00Financial Markets Authority<div id="teaser-text">Futures Contracts (Asia-Pacific Risk Management Limited) Exemption Notice 2012</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/securities-markets-act-(citigroup)/Securities Markets Act (Citigroup)2013-03-27T18:46:43+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Citigroup</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/securities-markets-act-(citigroup)-2008/Securities Markets Act (Citigroup)2013-03-27T18:46:43+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Citigroup</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/securities-markets-act-(disclosure-of-relevant-interests-by-directors-and-officers)/Securities Markets Act (Disclosure of Relevant Interests by Directors and Officers))2013-03-27T18:46:43+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Disclosure of Relevant Interests by Directors and Officers</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-markets-act-exemptions/securities-markets-act-(disclosure-of-relevant-interests-by-directors-and-officers)-2009/Securities Markets Act (Disclosure of Relevant Interests by Directors and Officers)2013-03-27T18:46:43+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Disclosure of Relevant Interests by Directors and Officers</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(fulton-hogan-limited)-exemption-notice-2013/Securities Act (Fulton Hogan Limited)2013-03-27T18:46:37+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Fulton Hogan Limited) Exemption Notice 2013</div><div id="body">
<a
href="/media/1509433/securities_act__fulton_hogan_ltd__exemption_notice_2013.pdf">
Securities Act (Fulton Hogan Limited) Exemption Notice 2013</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(goodman-property-services-(nz)-limited)-exemption-notice-2013/Securities Act (Goodman Property Services (NZ) Limited)2013-03-27T18:46:37+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Goodman Property Services (NZ) Limited) Exemption Notice 2013</div><div id="body">
<a
href="/media/1513250/securities_act__goodman_property_services_nz_ltd__exemption_notice_2013.pdf">
Securities Act (Goodman Property Services (NZ) Limited) Exemption
Notice 2013</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(dental-corporation-holdings-limited-and-bupa-dental-corporation-limited)-exemption-notice-2013/Securities Act (Dental Corporation Holdings Limited and Bupa Dental Corporation Limited)2013-03-27T18:46:37+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Dental Corporation Holdings Limited and Bupa Dental Corporation Limited) Exemption Notice 2013</div><div id="body">
<a
href="/media/1516835/securities_act__dental_corporation_holdings_limited_and_bupa_dental_corporation_limited__exemption_notice_2013.pdf">
Securities Act (Dental Corporation Holdings Limited and Bupa Dental
Corporation Limited) Exemption Notice 2013</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(overseas-employee-share-purchase-schemes)-exemption-amendment-notice-(no-3)-2012/Securities Act (Overseas Employee Share Purchase Schemes)2013-03-27T18:46:36+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Overseas Employee Share Purchase Schemes) Exemption Amendment Notice (No 3) 2012 </div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2012/0361/latest/DLM4933501.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=5">
Securities Act (Overseas Employee Share Purchase Schemes) Exemption
Amendment Notice (No 3) 2012</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(betashares-capital-limited)-exemption-notice-2012/Securities Act (BetaShares Capital Limited)2013-03-27T18:46:36+13:00Financial Markets Authority<div id="teaser-text">Securities Act (BetaShares Capital Limited) Exemption Notice 2012</div><div id="body">
<a
href="/media/1340546/securities_act_betashares_capital_limited_exemption_notice_2012.pdf">
Securities Act (BetaShares Capital Limited) Exemption Notice
2012</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(synlait-ltd-and-synlait-farms-ltd)-exemption-notice-2013/Securities Act (Synlait Ltd and Synlait Farms Ltd)2013-03-27T18:46:36+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Synlait Ltd and Synlait Farms Ltd) Exemption Notice 2013</div><div id="body">
<a
href="/media/1434426/final_signed_securities_act__synlait_ltd_and_synlait_farms_ltd__exemption_notice_2013.pdf">
Securities Act (Synlait Ltd and Synlait Farms Ltd) Exemption Notice
2013</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(kingdom-resources-trust)-exemption-notice-2012/Securities Act (Kingdom Resources Trust)2013-03-27T18:46:35+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Kingdom Resources Trust) Exemption Notice 2012</div><div id="body">
<p><a
href="/media/1332673/securities_act__kingdom_resources_trust__exemption_notice_2012.pdf">
Securities Act (Kingdom Resources Trust) Exemption Notice
2012</a></p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(union-medical-benefits-society-limited)-exemption-notice-2012/Securities Act (Union Medical Benefits Society Limited)2013-03-27T18:46:35+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Union Medical Benefits Society Limited) Exemption Notice 2012</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(pa-consulting-group-limited)-exemption-notice-2012/Securities Act (PA Consulting Group Limited)2013-03-27T18:46:35+13:00Financial Markets Authority<div id="teaser-text">Securities Act (PA Consulting Group Limited) Exemption Notice 2012</div><div id="body">
<span><a
href="/media/1336523/securities_act__pa_consulting_group_limited__exemption_notice_2012.pdf">
Securities Act (PA Consulting Group Limited) Exemption Notice
2012</a></span>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(pa-consulting-group-limited-restructure)-exemption-notice-2012/Securities Act (PA Consulting Group Limited Restructure)2013-03-27T18:46:35+13:00Financial Markets Authority<div id="teaser-text">Securities Act (PA Consulting Group Limited Restructure) Exemption Notice 2012</div><div id="body">
<span><a
href="/media/1336526/securities_act__pa_consulting_group_limited_restructure__exemption_notice_2012.pdf">
Securities Act (PA Consulting Group Limited Restructure) Exemption
Notice 2012</a></span>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(unit-trust-certificates)-exemption-notice-2012/Securities Act (Unit Trust Certificates)2013-03-27T18:46:34+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Unit Trust Certificates) Exemption Notice 2012</div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0295/latest/DLM4762116.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=7">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(tairua-marina)/Securities Act (Tairua Marine Limited)2013-03-27T18:46:34+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Tairua Marina) Exemption Notice 2012</div><div id="body">
<p><strong><span>Clauses 5 to 9 of this notice expire on the close
of 5 October 2014. <span>The rest of this notice expires on the
close of 5 October 2017.</span></span><br />
<br />
<a
href="/media/1239845/securities_act__tairua_marina__exemption_notice_2012.pdf">
Securities Act (Tairua Marina) Exemption Notice 2012</a><br />
<br />
</strong></p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(fonterra-co-operative-group-limited)-exemption-notice-(no-4)-2012/Securities Act (Fonterra Co-operative Group Limited)2013-03-27T18:46:34+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Fonterra Co-operative Group Limited) Exemption Notice (No 4) 2012</div><div id="body">
<span><a
href="/media/1240506/securities_act__fonterra_co-operative_group_limited__exemption_notice__no_4__2012.pdf">
Fonterra Co-operative Group Limited Exemption Notice (No 4)
2012</a></span>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(overseas-employee-share-purchase-schemes)-exemption-amendment-notice-(no-2)-2012/Securities Act (Overseas Employee Share Purchase Schemes)2013-03-27T18:46:34+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Overseas Employee Share Purchase Schemes) Exemption Amendment Notice (No 2) 2012 </div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2012/0314/latest/DLM4810212.html">
Overseas Employee Share Purchase Schemes Exemption Amendment Notice
(No 2) 2012</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(equity-warrant-issuers)-exemption-notice-2012/Securities Act (Equity Warrant Issuers)2013-03-27T18:46:33+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Equity Warrant Issuers) Exemption Notice 2012 </div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0292/latest/DLM4763301.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=3">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(extension-of-term,-amendment,-and-transitional-provision)-exemption-notice-2012/Securities Act (Extension of Term, Amendment, and Transitional Provision)2013-03-27T18:46:33+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Extension of Term, Amendment, and Transitional Provision) Exemption Notice 2012</div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0294/latest/DLM4766201.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=4">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(estates-and-interests-in-australian-land)-exemption-amendment-notice-2012/Securities Act (Estates and Interests in Australian Land)2013-03-27T18:46:32+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Estates and Interests in Australian Land) Exemption Amendment Notice 2012 </div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0293/latest/DLM4765419.html">
Exemption Amendment Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(banks)-exemption-notice-2012/Securities Act (Banks)2013-03-27T18:46:31+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Banks) Exemption Notice 2012 </div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0288/latest/DLM4766401.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=2">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(brokers)-exemption-notice-2012/Securities Act (Brokers)2013-03-27T18:46:31+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Brokers) Exemption Notice 2012 </div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0289/latest/DLM4764201.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=2">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(commercial-bill-dealers)-exemption-notice-2012/Securities Act (Commercial Bill Dealers)2013-03-27T18:46:31+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Commercial Bill Dealers) Exemption Notice 2012 </div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0290/latest/DLM4763433.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=3">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(continuous-debt-issues)-exemption-notice-2012/Securities Act (Continuous Debt Issues)2013-03-27T18:46:31+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Continuous Debt Issues) Exemption Notice 2012 </div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0291/latest/DLM4764401.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=3">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(registered-banks-futures-contracts)-exemption-amendment-notice-2012/Securities Act (Registered Banks Futures Contracts)2013-03-27T18:46:30+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Registered Banks Futures Contracts) Exemption Amendment Notice 2012 </div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2012/0195/latest/DLM4605907.html">
Exemption Amendment</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(fonterra-co-operative-group-limited)-exemption-notice-(no-3)-2012/Securities Act (Fonterra Co-operative Group Limited)2013-03-27T18:46:30+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Fonterra Co-operative Group Limited) Exemption Notice (No 3) 2012</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(audiovisual-advertisements)-exemption-notice-2012/Securities Act (Audiovisual Advertisements)2013-03-27T18:46:30+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Audiovisual Advertisements) Exemption Notice 2012 </div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0287/latest/DLM4765701.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=2">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(advertisements-containing-financial-advice)-exemption-notice-2012/Securities Act (Advertisements Containing Financial Advice)2013-03-27T18:46:30+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Advertisements Containing Financial Advice) Exemption Notice 2012 </div><div id="body">
<strong><span><a
href="http://www.legislation.govt.nz/regulation/public/2012/0286/latest/versions.aspx?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=1">
Exemption Notice</a></span></strong>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(venture-capital-schemes)-exemption-amendment-notice-2012/Securities Act (Venture Capital Schemes)2013-03-27T18:46:29+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Venture Capital Schemes) Exemption Amendment Notice 2012 </div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2012/0146/latest/DLM4524012.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=7">
Exemption Amendment</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(procare-health-limited)-exemption-notice-2012/Securities Act (ProCare Health Limited)2013-03-27T18:46:29+13:00Financial Markets Authority<div id="teaser-text">Securities Act (ProCare Health Limited) Exemption Notice 2012</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(overseas-employee-share-purchase-schemes)-exemption-amendment-notice-2012/Securities Act (Overseas Employee Share Purchase Schemes)2013-03-27T18:46:29+13:00Financial Markets Authority<div id="teaser-text">Securities Act (Overseas Employee Share Purchase Schemes) Exemption Amendment Notice 2012</div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2012/0149/latest/DLM4536901.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=6">
Exemption Amendment</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(kiwisaver-employer-participants)-exemption-notice-2012/Securities Act (KiwiSaver Employer Participants)2013-03-27T18:46:29+13:00Financial Markets Authority<div id="teaser-text">Securities Act (KiwiSaver Employer Participants) Exemption Notice 2012</div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2012/0172/latest/DLM4589034.html?search=ta_regulation_S_rc%40rinf%40rnif_an%40bn%40rn_25_a&p=5">
Exemption Notice</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(aurecon-australia-group-limited-and-aurecon-37-limited)-exemption-notice-2012/Securities Act (Aurecon Australia Group Limited and Aurecon 37 Limited)2013-03-27T18:46:28+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Aurecon Australia Group Limited and Aurecon 37 Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(fonterra-co-operative-group-limited)-exemption-notice-(no-2)-2012/Securities Act (Fonterra Co-operative Group Limited)2013-03-27T18:46:28+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Fonterra Co-operative Group Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(ing-management-limited,-ingenia-communities-holdings-ltd-and-ingenia-communities-re-ltd)-exemption-notice-2012/Securities Act (ING Management Limited, Ingenia Communities Holdings Ltd and Ingenia Communities RE Ltd)2013-03-27T18:46:28+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for ING Management Limited, Ingenia Communities Holdings Ltd and Ingenia Communities RE Ltd</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(mixed-ownership-model-companies,-crown-pre-offer)-exemption-notice-2012/Securities Act (Mixed Ownership Model Companies, Crown Pre-Offer)2013-03-27T18:46:28+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Mixed Ownership Model Companies, Crown Pre-Offer</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(argosy-property-limited)-exemption-notice-2011/Securities Act (Argosy Property Limited)2013-03-27T18:46:27+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Argosy Property Limited</div><div id="body">
Clauses 5 to 10 expire on the close of 31 March 2012. The rest of
this notice expires on the close of 30 September 2015.<br />
<br />
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(the-np-equity-group-limited)-exemption-notice-2011/Securities Act (The NP Equity Group Limited)2013-03-27T18:46:27+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for The NP Equity Group Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(fonterra-co-operative-group-limited)-exemption-notice-2012/Securities Act (Fonterra Co-operative Group Limited)2013-03-27T18:46:27+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Fonterra Co-operative Group Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(fundzi-limited-pre-paid-debit-cards)-exemption-notice-2012/Securities Act (Fundzi Limited Pre-paid Debit Cards)2013-03-27T18:46:27+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Fundzi Limited Pre-paid Debit Cards</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(translated-advertisements)-exemption-notice-2011/Securities Act (Translated Advertisements)2013-03-27T18:46:26+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Translated Advertisements</div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2011/0428/latest/DLM4217413.html">
Exemption Notice</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(multiple-participants-superannuation-schemes)-exemption-notice-2011/Securities Act (Multiple Participants Superannuation Schemes)2013-03-27T18:46:26+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Multiple Participants Superannuation Schemes</div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2011/0429/latest/DLM4218668.html">
Exemption Notice</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(directors-certificates-collective-investment-schemes)-exemption-notice-2011/Securities Act (Directors’ Certificates—Collective Investment Schemes)2013-03-27T18:46:26+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Directors’ Certificates—Collective Investment Schemes</div><div id="body">
<p>Clauses 6 and 7 expire on the close of 30 September 2012. The
rest of this notice expires on the close of 31 December 2013.</p>
<p><a
href="http://www.legislation.govt.nz/regulation/public/2011/0430/latest/DLM4217527.html">
Exemption Notice</a></p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(westpac-banking-corporation-–-australian-bank-accounts)-exemption-notice-2011/Securities Act (Westpac Banking Corporation – Australian Bank Accounts)2013-03-27T18:46:26+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Westpac Banking Corporation – Australian Bank Accounts</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-genesis-power-limited-exemption-notice-2011/Securities Act (Genesis Power Limited)2013-03-27T18:46:25+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for Genesis Power Limited</div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2011/0087/latest/DLM3632132.html?search=ts_all%40act%40bill%40regulation_Securities+Act+Genesis+Power+Limited+Exemption+Notice+2011_resel&p=1&sr=1">
Exemption Notice</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(auckland-transport)-exemption-notice-2011/Securities Act (Auckland Transport )2013-03-27T18:46:25+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Auckland Transport </div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(group-investment-funds)-exemption-notice-2011/Securities Act (Group Investment Funds)2013-03-27T18:46:25+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Group Investment Funds</div><div id="body">
<p><a
href="http://www.legislation.govt.nz/regulation/public/2011/0423/latest/DLM4184807.html">
Exemption notice</a></p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(meridian-energy-limited)-exemption-notice-2011/Securities Act (Meridian Energy Limited)2013-03-27T18:46:25+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Meridian Energy Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(forest-enterprises-limited)-exemption-notice-2011/Securities Act (Forest Enterprises Limited )2013-03-27T18:46:24+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Forest Enterprises Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(fairview-country-club)-exemption-notice-2011/Securities Act (Fairview Country Club )2013-03-27T18:46:24+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Fairview Country Club </div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(trade-me-limited-pre-paid-accounts)-exemption-notice-2011/Securities Act (Trade Me Limited)2013-03-27T18:46:24+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Trade Me Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(cavotec-sa-and-cavotec-moormaster-limited)-exemption-notice-2011/Securities Act (Cavotec SA and Cavotec MoorMaster Limited)2013-03-27T18:46:23+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Cavotec SA and Cavotec MoorMaster Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(psis-limited)-exemption-notice-2011/Securities Act (PSIS Limited)2013-03-27T18:46:23+13:00Financial Markets Authority<div id="teaser-text">Exemption note for PSIS Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(nzx-nzax-market)-2011/Securities Act (NZX- NZAX Market)2013-03-27T18:46:23+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for NZX- NZAX Market</div><div id="body">
<a
href="http://www.legislation.govt.nz/regulation/public/2011/0338/latest/DLM4048580.html">
Exemption Notice</a>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(kiwi-capital-management-limited)/Securities Act (Kiwi Capital Management Limited)2013-03-27T18:46:22+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Kiwi Capital Management Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(works-superannuation-scheme)-2004/Securities Act (Works Superannuation Scheme)2013-03-27T18:46:21+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Works Superannuation Scheme</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(works-superannuation-scheme)-2009/Securities Act (Works Superannuation Scheme)2013-03-27T18:46:21+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Works Superannuation Scheme</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(waipamu-station-limited-)/Securities Act (Waipamu Station Limited)2013-03-27T18:46:20+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Waipamu Station Limited </div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(works-superannuation-scheme)/Securities Act (Works Superannuation Scheme)2013-03-27T18:46:20+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Works Superannuation Scheme</div><div id="body">
<p>Gazetted on 25 November 1999</p>
<p>The trustees of the Works Superannuation Scheme and others are
exempted, subject to conditions, from sections 37, 37A, and 38A of
the Act and the Regulations (except regulations 8 and 17) in
respect of offers of interests in the Works Superannuation Scheme
to "eligible employees".</p>
<p>Eligible employees are those who, as at 31 March 1997, were
employed by Works Civil Construction Limited or Opus International
Consultants Limited and who were already members of a particular
superannuation scheme.</p>
<p>The notice expires on 31 October 2004.</p>
<h2>Conditions</h2>
<p>The exemption is subject to the conditions that:</p>
<ul>
<li>before subscription the eligible employee receives
<ul>
<li>the information set out in the Members' booklet (as required by
section 16 (1) (a) of the Superannuation Schemes Act 1989) and the
most recent annual report of the trustees of the scheme, and</li>
<li>a statement that the eligible employee is entitled to obtain,
on request and free of charge from the trustees copies of the most
recent audited financial statements of the scheme and of the trust
deed.</li>
</ul>
</li>
<li>no advertisement relating to interests in the scheme is
distributed except the information above.</li>
</ul>
<h2>Effects of the exemption</h2>
<p>The notice exempts, subject to conditions, the trustees of the
Works Superannuation Scheme and participating employers (Works
Civil Construction Limited and Opus International Consultants
Limited) from the registered prospectus, investment statement, and
certain other requirements of the Securities Act 1978 and
Securities Regulations 1983 in respect of offers of interests in
that scheme to certain employees.</p>
<h2>Reasons</h2>
<p>The principal considerations we took into account were:</p>
<ol>
<li>The first offer to each of the eligible employees was made
prior to the coming into force of the new law on 1 October
1997.</li>
<li>It was part of an eligible employee's employment contract that
the offer remained open for acceptance in the future.</li>
<li>All employees eligible to subscribe would receive offer
documents in accordance with the law applying to the scheme at the
time of the first offer, along with up-to-date financial
information of the scheme.</li>
<li>The number of eligible employees was not large. More
importantly, it had been demonstrated that the number of employees
likely to take up the offer to join the scheme was very small.</li>
<li>It was a condition of exemption that the trustees and employers
did not advertise or promote the scheme to eligible employees.</li>
<li>The costs of producing an investment statement and registered
prospectus were large compared with the small number of employees
likely to request information in the prescribed form.</li>
</ol>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(tcnz-finance-limited)/Securities Act (TCNZ Finance Limited)2013-03-27T18:46:19+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for TCNZ Finance Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(the-hongkong-and-shanghai-banking-corporation-limited)/Securities Act (The Hongkong and Shanghai Banking Corporation Limited)2013-03-27T18:46:19+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for The Hongkong and Shanghai Banking Corporation Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(transition-to-securities-regulations-2009)/Securities Act (Transition to Securities Regulations 2009)2013-03-27T18:46:19+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for Transition to Securities Regulations 2009</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(takeovers)-2011/Securities Act (Takeovers)2013-03-27T18:46:18+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Takeovers</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(southland-building-society)/Securities Act (Southland Building Society)2013-03-27T18:46:16+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Southland Building Society</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(royal-dutch-shell-plc)/Securities Act (Royal Dutch Shell plc)2013-03-27T18:46:14+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Royal Dutch Shell plc</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(pyne-gould-corporation-limited-and-building-society-holdings-limited)/Securities Act (Pyne Gould Corporation Limited and Building Society Holdings Limited)2013-03-27T18:46:11+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for Pyne Gould Corporation Limited and Building Society Holdings Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(psis-limited)/Securities Act (PSIS Limited)2013-03-27T18:46:10+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for PSIS Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(new-zealand-racing-board)/Securities Act (New Zealand Racing Board)2013-03-27T18:46:02+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for New Zealand Racing Board</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(nzx-share-and-unit-purchase-plans)/Securities Act (NZX - Share and Unit Purchase Plans)2013-03-27T18:46:02+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for NZX - Share and Unit Purchase Plans</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(new-zealand-greyhound-racing-association-incorporated)/Securities Act (New Zealand Greyhound Racing Association Incorporated)2013-03-27T18:46:01+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for New Zealand Greyhound Racing Association Incorporated</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(meridian-energy-limited)-2009/Securities Act (Meridian Energy Limited)2013-03-27T18:45:58+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Meridian Energy Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(macquarie-investment-services-limited-gilt-edge-access-acount)/Securities Act (Macquarie Investment Services Limited Gilt Edge Access Acount)2013-03-27T18:45:57+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Macquarie Investment Services Limited Gilt Edge Access Acount</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(macquarie-investment-services-limited)/Securities Act (Macquarie Investment Services Limited)2013-03-27T18:45:57+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Macquarie Investment Services Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(meridian-energy-limited)/Securities Act (Meridian Energy Limited)2013-03-27T18:45:57+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Meridian Energy Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(livestock-improvement-corporation-limited)/Securities Act (Livestock Improvement Corporation Limited)2013-03-27T18:45:56+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Livestock Improvement Corporation Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(kiwi-income-property-trust)-(no-2)-2009/Securities Act (Kiwi Income Property Trust)2013-03-27T18:45:55+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Kiwi Income Property Trust</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(international-finance-corporation)/Securities Act (International Finance Corporation)2013-03-27T18:45:54+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for International Finance Corporation</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(jacks-point-development)/Securities Act (Jacks Point Development)2013-03-27T18:45:54+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Jacks Point Development</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(jacks-point-development)-2010/Securities Act (Jacks Point Development)2013-03-27T18:45:54+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Jacks Point Development</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(hsbc-overseas-banks)/Securities Act (HSBC Overseas Banks)2013-03-27T18:45:53+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for HSBC Overseas Banks</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(independent-news-media-plc)/Securities Act (Independent News & Media PLC)2013-03-27T18:45:53+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Independent News & Media PLC</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(gulf-harbour-marina)/Securities Act (Gulf Harbour Marina)2013-03-27T18:45:52+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Gulf Harbour Marina</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(hawthorn-water-limited)/Securities Act (Hawthorn Water Limited)2013-03-27T18:45:52+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Hawthorn Water Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(general-electric-company)/Securities Act (General Electric Company)2013-03-27T18:45:49+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for General Electric Company</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(global-investment-services-limited-and-global-guardian-management-limited)/Securities Act (Global Investment Services Limited and Global Guardian Management Limited)2013-03-27T18:45:49+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Global Investment Services Limited and Global Guardian Management Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(flight-centre-(nz)-limited)/Securities Act (Flight Centre (NZ) Limited)2013-03-27T18:45:48+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Flight Centre (NZ) Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(fletcher-building-limited-and-fletcher-building-industries-limited)/Securities Act (Fletcher Building Limited and Fletcher Building Industries Limited)2013-03-27T18:45:47+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Fletcher Building Limited and Fletcher Building Industries Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(extension-of-term,-amendment,-and-revocation-of-certain-exemptions)/Securities Act (Extension of Term, Amendment, and Revocation of Certain Exemptions)2013-03-27T18:45:46+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Extension of Term, Amendment, and Revocation of Certain Exemptions</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(endace-limited)/Securities Act (Endace Limited)2013-03-27T18:45:45+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Endace Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(employer-superannuation-schemes)-2004/Securities Act (Employer Superannuation Schemes)2013-03-27T18:45:44+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Employer Superannuation Schemes</div><div id="body">
<h2>Effects of the exemption</h2>
<p>The exemption amends the Securities Act (Employer Superannuation
Schemes) Notice 2004 ("principal notice"). Under the principal
notice, employer superannuation schemes are exempted from the need
to register a prospectus.</p>
<p>This notice extends the principal notice to include a new group
of employees, namely those employed by companies owning and
operating businesses which were recently owned by the main promoter
or one of its associated companies. This means that, if a business
is sold, interests in a superannuation scheme that was promoted by
the previous owner or parent company using the principal notice can
continue to be offered to employees of that business for a
transitional period of 12 months after the sale.</p>
<p>This notice does not change the provisions for small employer
superannuation schemes.</p>
<h2>Interpretation</h2>
<p>The definition of employer superannuation scheme in the
principal notice is extended to include a successor in business of
the employer promoting the scheme. A definition of successor in
business is provided in the notice.</p>
<h2>The exemption</h2>
<p>Employer superannuation schemes, including those offered to
employees of a business that has been sold, are exempted from
section 37(1) of the Securities Act 1978.</p>
<h2>Conditions</h2>
<p>This amendment is subject to the same conditions as the
principal notice.</p>
<p>This amendment is also subject to the condition that the offer
is made within 12 months of the business being sold by the original
promoter of the employer superannuation scheme.</p>
<h2>Reasons</h2>
<p>A policy intention of the statutory exemption in section 5A of
the Securities Act 1978 is to encourage employer-sponsored
superannuation schemes. It is consistent with this policy also to
encourage continuity of superannuation arrangements for employees.
This amendment notice achieves those objectives by allowing a
business that is disposed of by an employer who is a participant in
an employer superannuation scheme to continue to use the exemption
in the principal notice for a transitional period while the
business sets up its own superannuation scheme.</p>
<p>By limiting the extension to employers that operate businesses
that were formerly operated by the employer disposing of the
business or an associated person of the disposing employer, the
exemptions in the principal notice will not apply to superannuation
schemes offered by financial institutions under which any number of
unrelated employers may provide superannuation benefits for their
employees.</p>
<p>Limiting the application of the extension to a transitional
period of 12 months will allow for continuity of membership in
employer superannuation schemes while encouraging new employers to
develop and offer their own schemes rather than seeking to rely on
continued provision of a scheme promoted by a previous
employer.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(employer-superannuation-schemes)-2006/Securities Act (Employer Superannuation Schemes)2013-03-27T18:45:44+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Employer Superannuation Schemes</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(employer-superannuation-schemes)-2009/Securities Act (Employer Superannuation Schemes)2013-03-27T18:45:44+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Employer Superannuation Schemes</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(employer-superannuation-schemes)/Securities Act (Employer Superannuation Schemes)2013-03-27T18:45:43+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Employer Superannuation Schemes</div><div id="body">
<h2>Effects of the exemption</h2>
<p>This notice exempts two types of employer superannuation schemes
from the need to register a prospectus:</p>
<ul>
<li>Employer superannuation schemes which are offered to employees
or employees of associated persons (or to relatives, spouses, de
facto partners or dependants of those employees), that would have
come within the exemption for employer superannuation schemes in
section 5A of the Securities Act 1978 except for any or all of the
following reasons:
<ul>
<li>the offer is only open to employees, etc, but under the
scheme's trust deed membership of the scheme is not strictly
conditional on being an employee, etc;</li>
<li>it is a term of the offer, but not of the trust deed (and so is
not a legal requirement for the scheme), that the employer will
incur costs to cover any shortfall in the administrative costs of
the scheme;</li>
<li>those employer costs are incurred by an associated person of
the employer, rather than the employer itself;</li>
<li>those employer costs are incurred in respect of the year in
which there is a shortfall, but not in that year itself;</li>
<li>the employer (or associated person) does not incur costs equal
to the full administrative costs of the scheme, but the surplus of
the scheme is applied to meet contribution liabilities, expense
payments (including administrative costs), or both, and the
employer incurs costs at least equal to the difference between that
applied surplus and the administration costs.</li>
</ul>
</li>
<li>Small employer superannuation schemes. The key differences from
the other employer superannuation schemes are that these schemes
may have more than 1 unassociated participating employer, but must
have total assets of less than $5 million and have been in
existence on 1 October 1997. This exemption is similar to that
previously contained in regulation 2C of the Securities Regulations
1983 before they were amended by the Securities Amendment Act 2004.
These schemes would have come within the exemption in section 5A of
the Securities Act 1978 except for the reasons (set out above)
applying to the other employer superannuation schemes or because
they have more than 1 unassociated participating employer.</li>
</ul>
<p>Both exemptions are subject to conditions similar to those
applying to employer superannuation schemes exempted under section
5A of the Securities Act 1978. The main differences (other than
those relating to the employer costs requirement, which are covered
above) are that -</p>
<ul>
<li>the annual report must state whether the employer was required
to incur costs to fund any shortfall; and</li>
<li>the employer costs requirement (in clause 7 of the notice), the
requirement as to the annual report (in clause 8), and the
requirement to respond to requests for the investment objectives
and policy of the scheme (in clause 9) must be included, as terms
of the offer, in the investment statement (except there is a
transitional period of 3 months during which this condition does
not apply to small employer superannuation schemes, to allow them
to continue using their existing investment statements); and</li>
<li>for a transitional period of 3 months, small employer
superannuation schemes may continue to use the statement warning of
restricted disclosure in the form previously required by the
Securities Regulations 1983.</li>
</ul>
<p>These exemptions do not apply to employer superannuation schemes
that are already exempt under section 5A of the Securities Act
1978.</p>
<p>However, there is an additional transitional exemption for small
employer superannuation schemes (as previously defined in
regulation 2C of the Securities Regulations 1983) that were
previously exempt under section 5(2E) of the Securities Act 1978
but are exempt now under section 5A of the Act. As with small
employer superannuation schemes relying on this notice, for 3
months these schemes may continue to use the statement warning of
restricted disclosure in the form previously required by the
Regulations.</p>
<h2>Background</h2>
<p>Employer superannuation schemes are exempted from the
requirement for a registered prospectus under section 5A of the
Securities Act 1978, as a result of amendments made with effect
from 15 April 2004 by the Securities Amendment Act 2004. It was
intended that this exemption would be available to all
single-employer superannuation schemes (that is, not master trusts)
where the employer meets the costs of administering the scheme.</p>
<p>Until the amendments were made, the Act used to provide an
exemption from the registered prospectus requirement for "small
employer superannuation schemes" (as previously defined in the
Securities Regulations 1983). However, some small employer schemes
that were covered by the previous exemption, were unintentionally
excluded from the definition of "employer superannuation scheme" in
the amended legislation.</p>
<p>In addition, some schemes (other than small employer
superannuation schemes) which meet the policy of the amended
legislation were not included in the definition of "employer
superannuation scheme" in the amended legislation.</p>
<h2>The exemption</h2>
<p>Every superannuation trustee of an employer superannuation
scheme, and every person acting on the trustee's behalf, is
exempted from section 37(1) of the Securities Act 1978 in respect
of any interests in that scheme that are offered only to -</p>
<ul>
<li>employees of a person promoting the scheme; or</li>
<li>employees of any associated person of a promoting person;
or</li>
<li>relatives, spouses, de facto partners, or dependants of those
employees.</li>
</ul>
<p>Every superannuation trustee of a small employer superannuation
scheme, and every person acting on the trustee's behalf, is
exempted from section 37(1) of the Securities Act 1978 in respect
of any interests in that scheme that are offered only to -</p>
<ul>
<li>employees of a person or persons promoting the scheme; or</li>
<li>employees of any associated person of a promoting person;
or</li>
<li>relatives, spouses, de facto partners, or dependants of those
employees.</li>
</ul>
<h2>Transitional exemption</h2>
<p>This exemption, which expires on 23 October 2004, applies to
small employer superannuation schemes as previously defined in
regulation 2C of the Securities Regulations 1983 until the
Securities Amendment Act 2004 came into force on 15 April 2004, and
that are now exempt under section 5A of the Securities Act 1978.
Every superannuation trustee of a small employer superannuation
scheme, and every person acting on the trustee's behalf, is
exempted from clause 1(2) of Schedule 3D of the Regulations.</p>
<h2>Conditions</h2>
<p>The exemptions (other than the transitional exemption) are
subject to the condition that the offer includes the following
terms:</p>
<ul>
<li>if there is a shortfall for a financial year, the promoter of
the scheme and/or associated persons, will incur costs in respect
of that year that are at least equal to the amount of the
shortfall.
<ul>
<li>to determine whether there is a shortfall for a financial year,
-
<ul>
<li>determine the administrative costs for the scheme (this
excludes costs that are directly attributable to the management of
the investments of the scheme);</li>
<li>then determine how much (if any) of the surplus (that is, the
excess in the value of the scheme's assets over the value of the
members' accrued benefits) has been applied to meet contribution
liabilities, expense payments (which may include administrative
costs), or both, for that year;</li>
<li>then deduct the applied surplus amount from the administrative
costs. The remaining amount of administrative costs, if any, is the
shortfall.</li>
</ul>
</li>
</ul>
</li>
<li>each annual report prepared under section 14 of the
Superannuation Schemes Act 1989 for a financial year during which
the scheme's trustees relied on the exemptions must include the
following statements and information:
<ul>
<li>if any superannuation trustee, promoter, or manager of the
scheme, or any director of that superannuation trustee, promoter,
or manager, has, during the 5 years preceding the specified date,
been adjudged bankrupt or insolvent, convicted of any crime
involving dishonesty (within the meaning of section 2(1) of the
Crimes Act 1961), prohibited from acting as a director of a
company, or placed in statutory management or receivership, a
statement to that effect including the name and any alternative or
former name or names of the person concerned;</li>
<li>if more than 10% of the value of the scheme's assets
(calculated in accordance with generally accepted accounting
practice) was, at any time during the year preceding the specified
date, represented directly or indirectly by any securities that
were issued by a superannuation trustee, manager, or custodian of
the scheme (or any associated person of any of them), a description
of those securities;</li>
<li>a brief description of any legal proceedings or arbitrations
that are pending at the specified date and that may have a material
adverse effect on the scheme;</li>
<li>a statement by the superannuation trustees of the scheme (or,
if a superannuation trustee is a body corporate or unincorporated,
by the directors of that body) as to whether, in their opinion,
after due enquiry by them, either or both of the following have
materially and adversely changed since the specified date:
<ul>
<li>the value of the scheme's assets relative to its liabilities
(including contingent liabilities);</li>
<li>the ability of the scheme to pay its debts as they become due
in the normal course of business;</li>
</ul>
</li>
<li>a statement as to the amount, if any, of a shortfall that was
met by the scheme's promoter or associated person.</li>
</ul>
</li>
<li>any member of the superannuation scheme must receive a
description of the investment objectives and policy for the scheme,
or of the means for making changes to these, within 5 working days
of requesting this information.</li>
</ul>
<p>The exemption for employer superannuation schemes is subject to
the further condition that the above terms of the offer are
included in the investment statement. Small employer superannuation
schemes have a transition period until 23 October 2004 before they
are required to include these offer terms in the investment
statement.</p>
<p>The exemption for employer superannuation schemes is also
subject to the condition that the investment statement includes a
warning statement about restricted disclosure, in the form set out
in the notice.</p>
<p>The exemption for small employer superannuation schemes is also
subject to the condition that the investment statement includes a
warning statement about restricted disclosure. This statement
should be in the form set out in the notice, except for a
transitional period which ends on 23 October 2004. During this
period, small employer superannuation schemes may provide the
warning statement in the form previously set out in clause 1(2) of
Schedule 3D of the Regulations.</p>
<p>The transitional exemption for small employer superannuation
schemes as previously defined in regulation 2C of the Regulations
is subject to the condition that the investment statement includes
a warning statement in the form previously set out in clause 1(2)
of Schedule 3D of the Regulations.</p>
<h2>Reasons</h2>
<p>The Commission considers that the purpose of section 5A of the
Securities Act 1978 is to grant an exemption from the requirement
to have a registered prospectus to employer superannuation schemes
where the costs of the scheme are met by the employer. Some schemes
meet this policy purpose, but are unable to comply with the terms
of the statutory exemption for various technical reasons. The
Commission considers that it is consistent with the purpose of the
Act to grant an exemption to extend the effect of the exemption in
section 5A of the Act to these schemes, and to schemes that
previously enjoyed the benefit of the section 5(2E) exemption for
small employer superannuation schemes before the Securities
Amendment Act 2004 came into force.</p>
<p>The Commission is of the view that it is appropriate to have a
transitional period in which issuers of schemes that previously
enjoyed the benefit of the exemption in the Securities Regulations
1983 for small employer superannuation schemes can rely on the
exemption from the requirement to have a registered prospectus
while using their existing investment statements. The content of
those existing investment statements is sufficiently similar to the
content required under the new exemptions that the benefit of
immediately preparing new investment statements is outweighed by
the cost of doing so.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(eligible-service-superannuation-schemes)/Securities Act (Eligible Service Superannuation Schemes)2013-03-27T18:45:42+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Eligible Service Superannuation Schemes</div><div id="body">
<h2>Effects of the exemption</h2>
<p>The following superannuation schemes do not need a registered
prospectus for offers of membership made to ministers, clergy and
certain other specified persons:</p>
<ul>
<li>The Beneficiary Fund of the Presbyterian Church of Aotearoa New
Zealand</li>
<li>The New Zealand Anglican Church Pension Fund</li>
<li>The Supernumerary Fund of the Methodist Church of New
Zealand</li>
</ul>
<h2>Background</h2>
<p>At law, ministers and clergy are not employees of their
churches. This means that superannuation schemes offered by
churches for these people do not qualify for the exemptions for
employer superannuation schemes in section 5A of the Securities Act
1978 or in the Securities Act (Employer Superannuation Schemes)
Exemption Notice 2004.</p>
<h2>The exemption</h2>
<p>The three named superannuation schemes are exempt, subject to
conditions, from section 37(1) of the Securities Act 1978 in
respect of offers of new membership to specified persons, who
include ministers in their church, candidates accepted for the
ministry in the church, and persons accepted for training as
ministers. The conditions are set out below.</p>
<h2>Conditions</h2>
<p>The exemption is subject to the condition that the offer
includes the following terms:</p>
<ul>
<li>if there is a shortfall for a financial year, the promoter of
the scheme, or an associated person, will incur, or procure payment
of, costs in respect of that year that are at least equal to the
amount of the shortfall.
<ul>
<li>to determine whether there is a shortfall for a financial year,
-
<ul>
<li>determine the administrative costs for the scheme (excluding
the costs that are directly attributable to the management of the
investments of the scheme);</li>
<li>then determine how much (if any) of the surplus (that is, the
excess in the value of the scheme's assets over the value of the
members' accrued benefits) has been applied to meet contribution
liabilities, expense payments (which may include administrative
costs), or both, for that year;</li>
<li>then deduct the applied surplus amount from the administrative
costs. The remaining amount of administrative costs, if any, is the
shortfall.</li>
</ul>
</li>
</ul>
</li>
<li>each annual report prepared under section 14 of the
Superannuation Schemes Act 1989 for a financial year during which
the scheme's trustees relied on the exemption must include the
following statements and information:
<ul>
<li>if any superannuation trustee, promoter, or manager of the
scheme, or any director of that superannuation trustee, promoter,
or manager, has, during the 5 years preceding the specified date,
been adjudged bankrupt or insolvent, convicted of any crime
involving dishonesty (within the meaning of section 2(1) of the
Crimes Act 1961), prohibited from acting as a director of a
company, or placed in statutory management or receivership, a
statement to that effect including the name and any alternative or
former name or names of the person concerned;</li>
<li>if more than 10% of the value of the scheme's assets
(calculated in accordance with generally accepted accounting
practice) was, at any time during the year preceding the specified
date, represented directly or indirectly by any securities that
were issued by a superannuation trustee, manager, or custodian of
the scheme (or any associated person of any of them), a description
of those securities;</li>
<li>a brief description of any legal proceedings or arbitrations
that are pending at the specified date and that may have a material
adverse effect on the scheme;</li>
<li>a statement by the superannuation trustees of the scheme (or,
if a superannuation trustee is a body corporate or unincorporate,
by the directors of that body) as to whether, in their opinion,
after due enquiry by them, either or both of the following have
materially and adversely changed since the specified date:
<ul>
<li>the value of the scheme's assets relative to its liabilities
(including contingent liabilities);</li>
<li>the ability of the scheme to pay its debts as they become due
in the normal course of business;</li>
</ul>
</li>
<li>a statement as to whether the promoter or an associated person
was required to incur, or procure payment of, costs for that
financial year and, if so, a statement that those costs have been
incurred or that those costs have been paid.</li>
</ul>
</li>
<li>the trustees of the superannuation scheme must send, or cause
to be sent, to any member who so requests, a description of the
investment objectives and policy for the scheme, or of the means
for making changes to these, free of charge and within 5 working
days of the trustees receiving the member's request for this
information.</li>
</ul>
<p>The exemption is also subject to the condition that the
investment statement states the above terms of the offer, and
includes a warning statement about restricted disclosure, in the
form set out in the notice.</p>
<h2>Reasons</h2>
<p>The Commission has considered an application from the Anglican
Church in Aotearoa New Zealand and Polynesia, the Methodist Church
of New Zealand, and the Presbyterian Church of Aotearoa New Zealand
seeking an exemption from the requirement for a registered
prospectus when offering membership of particular superannuation
schemes (the "schemes") to individuals who include some or all of
the following: ministers in their church, candidates accepted for
the ministry in their church, and persons accepted for training as
ministers. At law these individuals are not employees of the
churches, and accordingly the schemes are not employer
superannuation schemes within the meaning either of the Securities
Act 1978 or the Securities Act (Employer Superannuation Schemes)
Exemption Notice 2004.</p>
<p>The exemptions in sections 5A to 5C of the Act and in the 2004
notice apply to schemes offered within an employer/employee
relationship. The Commission considers that the position of an
individual who qualifies for membership of a scheme to which this
notice applies is sufficiently similar to that of an employee for
an exemption to be consistent with the policy of sections 5A to 5C
of the Act.</p>
<h2>Exemption may be extended to other registered superannuation
schemes</h2>
<p>The Commission may add further registered superannuation schemes
to the Schedule of this notice and will assess schemes for possible
inclusion on a case by case basis. The Commission intends that a
scheme may be eligible if -</p>
<ul>
<li>it is promoted by 1 person only or by 1 person and 1 or more
associated persons; and</li>
<li>it is offered to persons who, in the Commission's assessment,
are in a situation similar to that of the classes of persons
identified in column B of the Schedule to this notice.</li>
</ul>
<p>However, it is not the Commission's intention that this notice
be made available to schemes offered to contractors generally.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(eligible-service-superannuation-schemes)-2010/Securities Act (Eligible Service Superannuation Schemes)2013-03-27T18:45:42+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Eligible Service Superannuation Schemes</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(dividend-reinvestment)-2010/Securities Act (Dividend Reinvestment)2013-03-27T18:45:41+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Dividend Reinvestment</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(eden-park-trust-board)/Securities Act (Eden Park Trust Board)2013-03-27T18:45:41+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Eden Park Trust Board</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(crown-wholesale-debt-securities)-2009/Securities Act (Crown Wholesale Debt Securities)2013-03-27T18:45:40+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Crown Wholesale Debt Securities</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(deutsche-bank-aktiengesellschaft)/Securities Act (Deutsche Bank Aktiengesellschaft)2013-03-27T18:45:40+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Deutsche Bank Aktiengesellschaft</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(dividend-reinvestment)/Securities Act (Dividend Reinvestment)2013-03-27T18:45:40+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Dividend Reinvestment</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(dividend-reinvestment)-2000/Securities Act (Dividend Reinvestment)2013-03-27T18:45:40+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Dividend Reinvestment</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(dividend-reinvestment)-2005/Securities Act (Dividend Reinvestment)2013-03-27T18:45:40+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Dividend Reinvestment</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(credit-unions)/Securities Act (Credit Unions)2013-03-27T18:45:39+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Credit Unions</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(crown-retail-deposit-guarantee-schemes)/Securities Act (Crown Retail Deposit Guarantee Schemes)2013-03-27T18:45:39+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Crown Retail Deposit Guarantee Schemes</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(crown-wholesale-debt-securities)/Securities Act (Crown Wholesale Debt Securities)2013-03-27T18:45:39+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Crown Wholesale Debt Securities</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(credit-agricole-sa)/Securities Act (Credit Agricole S.A)2013-03-27T18:45:38+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Credit Agricole S.A</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(contact-energy-limited)-2008/Securities Act (Contact Energy Limited)2013-03-27T18:45:37+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Contact Energy Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(commonwealth-bank-of-australia-australian-bank-accounts)/Securities Act (Commonwealth Bank of Australia - Australian Bank Accounts)2013-03-27T18:45:36+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Commonwealth Bank of Australia - Australian Bank Accounts</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(commonwealth-bank-of-australia)/Securities Act (Commonwealth Bank of Australia)2013-03-27T18:45:36+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Commonwealth Bank of Australia</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(contact-energy-limited)/Securities Act (Contact Energy Limited)2013-03-27T18:45:36+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Contact Energy Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(cmp-canterbury-limited)/Securities Act (CMP Canterbury Limited)2013-03-27T18:45:35+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for CMP Canterbury Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(calibre-asset-services-limited)/Securities Act (Calibre Asset Services Limited)2013-03-27T18:45:33+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Calibre Asset Services Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(cash-and-term-portfolio-investment-entities)/Securities Act (Cash and Term Portfolio Investment Entities)2013-03-27T18:45:33+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Cash and Term Portfolio Investment Entities</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(bloodstock)/Securities Act (Bloodstock)2013-03-27T18:45:31+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Bloodstock</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(australian-registered-managed-investment-schemes)/Securities Act (Australian Registered Managed Investment Schemes)2013-03-27T18:45:30+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Australian Registered Managed Investment Schemes</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(australia-and-new-zealand-banking-group-limited-australian-bank-accounts)/Securities Act (Australia and New Zealand Banking Group Limited - Australian Bank Accounts)2013-03-27T18:45:28+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Australia and New Zealand Banking Group Limited - Australian Bank Accounts</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(apn-media-(nz)-limited)/Securities Act (APN Media (NZ) Limited)2013-03-27T18:45:27+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for APN Media (NZ) Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(asian-development-bank)/Securities Act (Asian Development Bank)2013-03-27T18:45:27+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for Asian Development Bank</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(american-international-assurance-company-(bermuda)-limited)/Securities Act (American International Assurance Company (Bermuda) Limited)2013-03-27T18:45:26+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for American International Assurance Company (Bermuda) Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(apata-limited)/Securities Act (Apata Limited)2013-03-27T18:45:26+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for Apata Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(amendments-to-exemption-notices-affecting-investment-adviser-information)/Securities Act (Amendments to Exemption Notices Affecting Investment Adviser Information)2013-03-27T18:45:25+13:00Financial Markets Authority<div id="teaser-text">Amendments to Exemption Notices Affecting Investment Adviser Information</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(american-international-assurance-company-(bermuda)-limited-2010/Securities Act (American International Assurance Company (Bermuda) Limited)2013-03-27T18:45:25+13:00Financial Markets Authority<div id="teaser-text">Exemption notice for American International Assurance Company (Bermuda) Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-(aia-group-limited)/Securities Act (AIA Group Limited)2013-03-27T18:45:24+13:00Financial Markets Authority<div id="teaser-text">Exemption Notice for AIA Group Limited</div>http://www.fma.govt.nz/laws-we-enforce/legislation/notices/nzsxnzdx-listing-rules/Securities Markets Act (NZSX NZDX Listing Rules) Approval of Market Rules Notice 20122013-03-27T18:45:22+13:00Financial Markets Authority<div id="teaser-text">Securities Markets Act (NZSX NZDX Listing Rules) Approval of Market Rules Notice 2012</div>http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/Exemption Notices2013-03-27T18:45:22+13:00Financial Markets Authority<div id="teaser-text">asd</div><div id="body">
<p>FMA has a range of exemption powers that aim to remove
rigidities in the law and ensure standards set for market
participants are reasonable and cost-effective.</p>
<ul>
<li><a
href="/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/">
Current Exemption Notices</a></li>
<li><a
href="/laws-we-enforce/legislation/exemption-notices/trustee-and-nominee-exemptions/">
Trustee and Nominee Exemptions</a></li>
</ul>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/notices/electronic-securities-transfer-systems/Electronic Securities Transfer Systems2013-03-27T18:45:21+13:00Financial Markets Authority<div id="teaser-text">These systems for the electronic transfer of securities have been approved by Order in Council under section 7 of the Securities Transfer Act 1991.</div><div id="body">
<p>These systems for the electronic transfer of securities have
been approved by Order in Council under section 7 of the Securities
Transfer Act 1991.</p>
<h2>Austraclear New Zealand Electronic Registries Interface</h2>
<p>Securities Transfer (Approval of Austraclear New Zealand
Electronic Registries Interface) Order 2010 (SR 2010/4) (in force
from 4 March 2010)</p>
<h2>FASTER</h2>
<p>Fully Automated Screen Trading and Electronic Registration</p>
<p>Securities Transfer (Approval of FASTER System) Order 2001 (SR
2001/238)</p>
<h2>CHESS</h2>
<p>Clearing House Electronic Sub Register System</p>
<p>Securities Transfer (Approval of System for Electronic Transfer
of Securities on Australian Stock Exchange) Order 1997 (SR
1997/102)</p>
<p>Securities Transfer (Approval of System for Electronic Transfer
of Securities on Australian Stock Exchange) Amendment Order 1998
(SR 1998/20)</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/notices/designated-settlement-systems/Designated Settlement Systems2013-03-27T18:45:21+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<table class="dss">
<colgroup>
<col class="head" />
<col class="text" /></colgroup>
<caption>NZCDC Settlement System</caption>
<tbody>
<tr>
<th>Name:</th>
<td>Simon Smith</td>
</tr>
<tr>
<th>Title:</th>
<td>Chief Operating Officer and Head of Risk,<br />
New Zealand Clearing and Depository Corporation Limited</td>
</tr>
<tr>
<th>Contact Details:</th>
<td>
<p>Level 2, NZX Centre<br />
11 Cable Street<br />
PO Box 2959<br />
Wellington</p>
<p>Direct: +64 4 496 2859</p>
<p>Fax: +64 4 473 3181</p>
<p><a href="mailto:simon.smith@nzx.com">simon.smith@nzx.com</a></p>
</td>
</tr>
</tbody>
</table>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/notices/trustees-and-statutory-supervisors/trustees-andor-statutory-supervisors-approved-under-section-48-securities-act-1978/Trustees and/or Statutory Supervisors Approved under Section 48 Securities Act 19782013-03-27T18:45:20+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<h2>A. Companies</h2>
<ul class="unbulleted">
<li>
<div class="name">Anchorage Trustee Services Limited</div>
<div class="details">approved as a statutory supervisor, subject to
conditions, for a term expiring on 30 April 2007 in respect of
securities offered to the public for subscription by Hilda Ross
Retirement Village Limited, Grace Joel Retirement Village Limited,
L D & B B Holdings Limited (trading as Geraldine Retirement
Complex), Maryville Courts Trust Board (trading as Maryville Courts
Retirement Villas), Ryman Napier Limited (trading as Princess
Alexandra Retirement Village), Shona McFarlane Retirement Village
Limited, Rowena Jackson Retirement Village Limited, Jane Winston
Retirement Village Limited, Malvina Major Retirement Village
Limited, Geraldine Retirement Estate Limited, Anthony Wilding
Retirement Estate Limited, Edmund Hillary Retirement Village
Limited and Julia Wallace Retirement Village Limited (notified in
the Gazette on 18 January 2007).</div>
</li>
<li>
<div class="name">BDO Spicers Auckland Trustee Company
Limited</div>
<div class="details">approved as a statutory supervisor and
trustee, subject to conditions, for a term expiring on 6 August
2009 in respect of participatory and debt securities to be offered
to the public for subscription (dated 29 July 2004, notified in the
Gazette on 5 August 2004).</div>
</li>
<li>
<div class="name">Covenant Trustee Company Limited</div>
<div class="details">approved as a statutory supervisor and
trustee, subject to conditions, for a term expiring on 6 August
2009 in respect of participatory and debt securities to be offered
to the public for subscription (dated 29 July 2004, notified in the
Gazette on 5 August 2004).</div>
</li>
<li>
<div class="name">National Mutual Life Nominees Limited</div>
<div class="details">although not currently approved to act as a
trustee, National Mutual Life Nominees Limited retains its
appointment as trustee in respect of debt securities that were
issued in 1986 by New Zealand Equities Limited.</div>
</li>
<li>
<div class="name">Prince & Partners Trustee Company
Limited</div>
<div class="details">approved as a statutory supervisor and
trustee, subject to conditions, for a term expiring on 6 August
2009 in respect of participatory and debt securities to be offered
to the public for subscription (dated 29 July 2004, notified in the
Gazette on 5 August 2004).</div>
</li>
<li>
<div class="name">Spicer & Oppenheim Trustee Company
Limited</div>
<div class="details">approved as a statutory supervisor and
trustee, subject to conditions, for a term expiring on 6 August
2009 in respect of participatory and debt securities to be offered
to the public for subscription (dated 29 July 2004, notified in the
Gazette on 5 August 2004).</div>
</li>
</ul>
<h2>B. Individuals</h2>
<ul class="unbulleted">
<li>
<div class="name">John Huntsbry Midgley</div>
<div class="details">approved as a statutory supervisor, subject to
conditions, for a term expiring on 6 August 2009 in respect of
securities to be offered to the public for subscription by Anglican
Methodist South Canterbury Trust, Social Service Council of the
Diocese of Christchurch, and Windsor House Cottage Trust (dated 29
July 2004, notified in the Gazette on 5 August 2004); and for a
term expiring on 31 August 2009 in respect of securities to be
offered to the public for subscription by Karadean Court Retirement
Village Limited (dated 25 August 2004, notified in the Gazette on
31 August 2004).</div>
</li>
</ul>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/notices/trustees-and-statutory-supervisors/securities-act-1978-trustee-corporations/Securities Act 1978 Trustee Corporations2013-03-27T18:45:20+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<p>The following are trustee corporations for the purposes of the
Securities Act 1978, and so do not require authorisation from the
Securities Commission in order to act as trustees or statutory
supervisors:</p>
<ul>
<li>Māori Trustee</li>
<li>New Zealand Permanent Trustees Limited</li>
<li>Perpetual Trust Limited</li>
<li>Public Trust</li>
<li>The New Zealand Guardian Trust Company Limited</li>
<li>Trustees Executors Limited</li>
</ul>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/auditor-regulation-act-2011/Auditor Regulation Act 20112013-03-27T18:45:19+13:00Financial Markets Authority<div id="teaser-text">Auditor Regulations Act 2012</div><div id="body">
<p class="MsoNormal"><span><span>The <a
href="http://www.legislation.govt.nz/act/public/2011/0021/latest/DLM3230571.html">
Auditor Regulation Act 2011</a> establishes a framework for the
regulation of auditors of issuers. The Act comes fully into force
on 1 July 2012. Find out more about the regulation of auditors of
issuers <a
href="http://www.fma.govt.nz/help-me-comply/auditors/">here</a>.</span></span></p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/notices/trustees-and-statutory-supervisors/Trustees and Statutory Supervisors2013-03-27T18:45:19+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<ul>
<li><a
title="Trustees and/or Statutory Supervisors Approved under Section 48 Securities Act 1978"
href="/laws-we-enforce/legislation/notices/trustees-and-statutory-supervisors/trustees-andor-statutory-supervisors-approved-under-section-48-securities-act-1978/">Trustees and/or Statutory Supervisors
Approved under Section 48 Securities Act 1978</a></li>
<li><a title="Securities Act 1978 Trustee Corporations"
href="/laws-we-enforce/legislation/notices/trustees-and-statutory-supervisors/securities-act-1978-trustee-corporations/">Securities Act 1978 Trustee
Corporations</a></li>
</ul>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/code-of-professional-conduct-for-afasCode of Professional Conduct for Authorised Financial Advisers2013-03-27T18:45:18+13:00Financial Markets Authorityhttp://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/superannuation-schemes-act-1989/Superannuation Schemes Act 19892013-03-27T18:45:17+13:00Financial Markets Authority<div id="teaser-text">FMA oversees the registration and administration of superannuation schemes.</div><div id="body">
<p>FMA oversees the registration and administration of
superannuation schemes. We also monitor managers and trustees of
superannuation schemes, and have powers to ensure they comply with
their statutory obligations. See <a
href="http://www.fma.govt.nz/help-me-comply/superannuation/">here</a>
for more about how to comply.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/unit-trusts-act-1960/Unit Trusts Act 19602013-03-27T18:45:17+13:00Financial Markets Authority<div id="teaser-text">The Unit Trusts Act requires each unit trust is to have a trustee and a manager, and includes obligations and restrictions on trustees and managers.</div><div id="body">
<p>The Unit Trusts Act requires each unit trust is to have a
trustee and a manager, and includes obligations and restrictions on
trustees and managers. FMA and the Registrar of Companies have a
role in supervising unit trusts, including in relation to their
managers and trustees.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/Governance, Reporting and Supervision Legislation2013-03-27T18:45:17+13:00Financial Markets Authority<div id="teaser-text">FMA monitors, investigates and enforces other financial markets legislation to ensure participants comply with their governance, reporting and supervision obligations.</div><div id="body">
<p>The Financial Markets Authority monitors, investigates and
enforces other financial markets legislation to ensure financial
market participants comply with their governance, reporting and
supervision obligations under that legislation. The legislation FMA
works with in this regard is the:</p>
<ul>
<li><a href="#companies-act-1993">Companies Act 1993</a></li>
<li><a href="#financial-reporting-act-1993">Financial Reporting Act
1993</a></li>
<li><a
href="#corporations-investigation-and-management-act-1989">Corporations
(Investigation and Management) Act 1989</a></li>
<li><a
href="#anti-money-laundering-and-countering-financing-of-terrorism-act-2009">
Anti-Money Laundering and Countering Financing of Terrorism Act
2009</a></li>
<li><a href="#building-societies-act-1965">Building Societies Act
1965</a></li>
<li><a href="#co-operative-companies-act-1996">Co-operative
Companies Act 1996</a></li>
<li><a href="#crimes-act-1961">Crimes Act (Sections 220, 228, 229,
240, 242, and 256 to 260)</a></li>
<li><a
href="#friendly-societies-and-credit-unions-act-1982">Friendly
Societies and Credit Unions Act 1982</a></li>
<li><a
href="#industrial-and-provident-societies-act-1908">Industrial and
Provident Societies Act 1908</a></li>
<li><a href="#limited-partnerships-act-2008">Limited Partnerships
Act 2008</a></li>
<li><a href="#reserve-bank-of-new-zealand-act-1989">Reserve Bank of
New Zealand Act 1989 (Part 5C)</a></li>
<li><a href="#trustee-companies-act-1967">Trustee Companies Act
1967</a></li>
<li><a
href="#securities-trustees-and-statutory-supervisors-act-2009">Securities
Trustees and Statutory Supervisors Act 2011</a></li>
</ul>
<h2 id="companies-act-1993">Companies Act 1993</h2>
<p>The Companies Act governs the incorporation, management, and
operation of companies in New Zealand. The Registrar of Companies
is the primary person who oversees the administration of companies
in New Zealand. FMA also has an important investigative and
enforcement role under the Act, and has the power (along with the
Registrar of Companies) to place companies in liquidation, and to
ban certain people from being directors of, or managing,
companies.</p>
<h2 id="financial-reporting-act-1993">Financial Reporting Act
1993</h2>
<p>The Financial Reporting Act sets out the financial reporting
requirements for entities that have distributed securities to the
public, and certain other companies - such as companies that exceed
certain asset or turnover thresholds. For some entities, their
financial statements must also be audited and publicly filed.</p>
<p>FMA can grant exemptions from specific reporting requirements of
the Act to certain overseas companies (or types of companies) that
have distributed securities to the public.</p>
<p>FMA will likely grant these exemptions where it is satisfied the
overseas financial reporting requirements are such that it is not
necessary for New Zealand investors to also receive information
prepared in line with New Zealand financial reporting laws.</p>
<h2 id="corporations-investigation-and-management-act-1989">
Corporations (Investigation and Management) Act 1989</h2>
<p>The Corporations (Investigation and Management) Act allows the
government, through the Registrar of Companies and FMA, to
intervene in cases of corporate collapse, where conventional
procedures for dealing with the affairs of the corporation are
inadequate.</p>
<p>Under the Act empowering FMA (or the Registrar of Companies,
with the consent of FMA) can take action in relation to 'at risk'
corporations. FMA can also recommend that a corporation be placed
in statutory management.</p>
<h2
id="anti-money-laundering-and-countering-financing-of-terrorism-act-2009">
Anti-Money Laundering and Countering Financing of Terrorism Act
2009</h2>
<p>The Anti-Money Laundering and Countering Financing of Terrorism
Act seeks to impose a risk-based approach to tracking possible
money laundering and terrorism financing activity, and to bring New
Zealand into line with internationally recognised standards for
anti-money laundering legislation. <a
title="Anti-Money Laundering and Countering Financing of Terrorism"
href="/about-us/what-we-do/anti-money-laundering-and-countering-financing-of-terrorism/">Read more about the Act</a>.</p>
<h2 id="building-societies-act-1965">Building Societies Act
1965</h2>
<p>The Building Societies Act provides for the establishment and
administration of building societies. FMA and the Registrar of
Building Societies each have supervisory and enforcement powers
under the Act, to ensure the effective management and operation of
building societies.</p>
<h2 id="co-operative-companies-act-1996">Co-operative Companies Act
1996</h2>
<p>The Co-operative Companies Act provides for the registration of
co-operative companies and regulates the relationship between
co-operative companies and their shareholders.</p>
<h2 id="crimes-act-1961">Crimes Act 1961 (Sections 220, 228, 229,
240, 242, and 256 to 260)</h2>
<p>These sections come within Part 10 of the Crimes Act, which
deals with crimes against rights of property. FMA has a role in
monitoring compliance with, and investigating conduct and gathering
information in relation to, these sections of the Crimes Act
1961.</p>
<h2 id="friendly-societies-and-credit-unions-act-1982">Friendly
Societies and Credit Unions Act 1982</h2>
<p>The Friendly Societies and Credit Unions Act governs the
registration and operation of friendly and other societies and
credit unions.</p>
<h2 id="industrial-and-provident-societies-act-1908">Industrial and
Provident Societies Act 1908</h2>
<p>The Industrial and Provident Societies Act governs the
establishment and operation of industrial and provident societies.
The Act is overseen by both FMA and the Registrar of Industrial and
Provident Societies.</p>
<h2 id="limited-partnerships-act-2008">Limited Partnerships Act
2008</h2>
<p>The Limited Partnerships Act provides for a limited partnership
regime in New Zealand, and includes provisions dealing with
overseas limited partnerships.</p>
<h2 id="reserve-bank-of-new-zealand-act-1989">Reserve Bank of New
Zealand Act 1989 (Part 5C)</h2>
<p>Under Part 5C of the Reserve Bank of New Zealand Act, FMA and
the Reserve Bank are joint regulators of designated settlement
systems. Designated settlement systems are approved systems or
arrangements for payment and settlement of transactions.</p>
<p><a
href="/media/968197/the_designation_and_oversight_of_designated_settlement_systems.pdf">
See the Designation and Oversight of Designated Settlement Systems
Document</a>.</p>
<p><a
href="http://www.rbnz.govt.nz/finstab/payment/3816027.html">See
more about designated settlement systems</a>.</p>
<p><a title="Designated Settlement Systems"
href="/laws-we-enforce/legislation/notices/designated-settlement-systems/">See designated settlement systems
operating in New Zealand</a>.</p>
<h2 id="trustee-companies-act-1967">Trustee Companies Act 1967</h2>
<p>The Trustee Companies Act 1967 provides for the appointment of a
trustee company to a range of offices and positions, and regulates
the operation of trustee companies.</p>
<h2 id="securities-trustees-and-statutory-supervisors-act-2009">
Securities Trustees and Statutory Supervisors Act 2011</h2>
<p>The Securities Trustees and Statutory Supervisors Act
established a compulsory licensing regime for trustees of debt
securities and unit trusts, and statutory supervisors of certain
collective investment schemes and retirement villages.</p>
<p>FMA will oversee the licensing regime, which comes into force in
October 2011, and will also have an ongoing supervisory and
enforcement role in relation to the performance of licensed
trustees and statutory supervisors.</p>
<p>See compliance information for trustees and statutory <a
title="Trustees" href="/help-me-comply/trustees/">supervisors</a>.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/kiwisaver-act-2006-(parts-4-and-5-and-schedules-1-and-2)/KiwiSaver Act 2006 (Parts 4 and 5 and Schedules 1 and 2)2013-03-27T18:45:16+13:00Financial Markets Authority<div id="teaser-text">FMA has an important supervisory and enforcement role in relation to KiwiSaver Schemes.</div><div id="body">
<p>The Financial Markets Authority has an important supervisory and
enforcement role in relation to KiwiSaver schemes.</p>
<p>Parts 4 and 5 of the KiwiSaver Act govern the establishment,
registration and administration of KiwiSaver schemes, and set out
the responsibilities of managers and trustees of those schemes.
Part 4 sets out protective provisions and other details which are
deemed to be included into KiwiSaver schemes' trust deeds, and
prescribes member reporting requirements.</p>
<p>Schedule 1 sets out governance and withdrawal rules for
KiwiSaver schemes, and Schedule 2 covers applications to register a
scheme as a KiwiSaver scheme.</p>
<p>Under the Act, FMA oversees the registration and administration
of KiwiSaver schemes, and is responsible for maintaining the
KiwiSaver schemes register. We also monitor managers and trustees
of KiwiSaver schemes, and have powers to ensure they comply with
their statutory obligations.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/securities-transfer-act-1991/Securities Transfer Act 19912013-03-27T18:45:16+13:00Financial Markets Authority<div id="teaser-text">The Securities Transfer Act specifies an approved manner in which listed and unlisted securities may be transferred in New Zealand, including electronically.</div><div id="body">
<p>The Securities Transfer Act specifies an approved manner in
which listed and unlisted securities may be transferred in New
Zealand, including electronically.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/securities-markets-act-1988-and-associated-regulations/Securities Markets Act 1988 and Associated Regulations2013-03-27T18:45:15+13:00Financial Markets Authority<div id="teaser-text">The Securities Markets Act and its regulations regulate trading in listed and unlisted securities.</div><div id="body">
<p>The Securities Markets Act and its regulations regulate trading
in listed and unlisted securities.</p>
<p>The Financial Markets Authority has supervisory and enforcement
powers under the Act, which allow us to monitor whether those
involved with the trading of securities comply with the Act's
various disclosure and conduct requirements and to undertake
investigations and enforcement action.</p>
<p>FMA also supervises registered securities exchanges and the
market rules of those exchanges. We have the power to veto or
request new market rules, or give a registered exchange a binding
enforcement order. Currently, the only registered exchange in New
Zealand is NZX.</p>
<p>The Act and associated regulations:</p>
<ul>
<li>regulate 'insider trading' and market manipulation involving
securities listed on an exchange</li>
<li>prohibit misleading or deceptive conduct involving dealings in
listed and unlisted securities</li>
<li>specify what information listed issuers must provide to allow
investors to make informed decisions</li>
<li>require those with control over substantial holdings of voting
securities of listed entities to disclose that control, or any
change in that control</li>
<li>require certain persons with relevant interests in listed
securities to disclose those interests</li>
<li>encourage good corporate governance of public issuers</li>
<li>specify how unsolicited offers to buy securities can be made
and how information is to be disclosed, and give FMA the power to
restrict dealings in securities in relation to unsolicited offers
made in breach of the law.</li>
<li>provide for the <a
href="http://www.fma.govt.nz/help-me-comply/futures-dealers/">authorisation
of dealers in futures contracts</a>.</li>
</ul>
<p>The regulations made under the Securities Markets Act
are the:</p>
<ul>
<li>Securities Act (NZX-NZAX Market) Exemption Notice 2011</li>
<li>Securities Markets Act (Citigroup) Exemption Notice 2003</li>
</ul>
<ul>
<li>Securities Markets (Disclosure of Relevant Interests by
Directors and Officers) Regulations 2003, which specify the way in
which directors and officers of an issuer must disclose any
relevant interests they hold in securities of that issuer</li>
<li>Securities Markets Act (NZCDC Settlement System) Exemption
Notice 2010</li>
<li>Securities Markets Act (Telecom Corporation of New Zealand
Limited) Exemption Notice 2008</li>
<li>Securities Markets (Fees) Regulations 2003, which prescribe the
fees payable under the Securities Market Act</li>
<li>Securities Markets Act (Insider Trading Exemption-Fonterra
Co-operative Group Limited) Regulations 2012</li>
<li>Securities Markets (Insider Trading Exemption-Futures
Contracts) Reulations 2010</li>
<li>Securities Markets (Substantial Security Holders) Regulations
2007, which specify when and how those with control over
substantial holdings of voting securities of an issuer must
disclose their holding</li>
<li>Securities Markets (Market Manipulation) Regulations 2007,
which specify a process for stabilising the market for securities
under an initial public offer, and provide a limited exemption from
the market manipulation prohibition</li>
<li>Securities Markets (NZAX Conduct Rules Approval) Order
2003</li>
<li>Future Industry (Client Funds) Regulations 1990, which regulate
the way client funds are handled by futures dealers and members of
authorised futures exchanges</li>
<li>Securities Markets (Unsolicited Offers) Regulations 2012.</li>
</ul>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/financial-advisers-act-2008/Financial Advisers Act 20082013-03-27T18:45:15+13:00Financial Markets Authority<div id="teaser-text">The Financial Advisers Act regulates the provision of financial adviser and broking services to clients in New Zealand.</div><div id="body">
<p>The <a title="Financial Advisers Act"
href="http://www.legislation.govt.nz/act/public/2008/0091/latest/DLM1584202.html">
Financial Advisers Act</a> regulates the provision of financial
adviser and broking services to clients in New Zealand.<br />
<br />
Find out more about the regulation of <a
href="http://www.fma.govt.nz/help-me-comply/financial-advisers/">financial
adviser services</a> and <a
href="http://www.fma.govt.nz/help-me-comply/brokers/">broking
services</a>. Investors can find out more about getting financial
advice <a
href="http://www.fma.govt.nz/help-me-invest/getting-financial-advice/">
here</a>.</p>
<p>Under the Financial Advisers Act, any person who provides such
services in the course of their business is required to:</p>
<ul>
<li>take an appropriate degree of care</li>
<li>refrain from certain conduct (such as conduct that is
misleading or deceptive)</li>
<li>be registered on the <a
href="http://www.business.govt.nz/fsp/">Financial Service Providers
Register</a></li>
<li>be a member of a dispute resolution scheme, if the services are
provided to retail clients.</li>
</ul>
<p>Depending on the nature of the services provided, the financial
adviser or broker may also need to:</p>
<ul>
<li>provide information to clients about themselves, the service
they provide, fees, and other matters the client needs to consider
before deciding whether to use that service</li>
<li>be an Authorised Financial Adviser, and comply with additional
conduct obligations in the <a
title="Code of Professional Conduct for AFAs"
href="/help-me-comply/financial-advisers/your-obligations/authorised-financial-advisers-obligations/code-of-professional-conduct-for-afas/">Code of Professional Conduct for
Authorised Financial Advisers</a>.</li>
</ul>
<p>The Act allows an entity to become a 'Qualifying Financial
Entity' if it meets certain criteria. Employees or representatives
of a Qualifying Financial Entity can provide more complex financial
adviser services for financial products provided by that
entity.</p>
<p>FMA licenses, supervises and disciplines Authorised Financial
Advisers and Qualifying Financial Entities. We can also grant
exemptions from the Act, where the cost of compliance would be
unreasonable, or where an overseas jurisdiction applies.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/financial-service-providers-(registration-and-dispute-resolution)-act-2008/Financial Service Providers (Registration and Dispute Resolution) Act 20082013-03-27T18:45:15+13:00Financial Markets Authority<div id="teaser-text">The Financial Service Providers (Registration and Dispute Resolution) Act is companion legislation to the Financial Advisers Act.</div><div id="body">
<p>The <a title="Financial Service Providers Act"
href="http://www.legislation.govt.nz/act/public/2008/0097/latest/DLM1109427.html">
Financial Service Providers (Registration and Dispute Resolution)
Act</a> is companion legislation to the Financial Advisers Act. The
Financial Service Providers Act requires anyone in the business of
providing a financial service in New Zealand to be registered. If
the person provides a financial service to retail clients, they
must also be a member of a dispute resolution scheme.</p>
<p><a title="Financial Service Providers"
href="/help-me-comply/financial-service-providers/">Find out more about what constitutes a
financial service, and who is a retail client</a>.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/financial-markets-authority-act-2011/Financial Markets Authority Act 20112013-03-27T18:45:14+13:00Financial Markets Authority<div id="teaser-text">The Financial Markets Authority Act established the Financial Markets Authority as an independent Crown entity, and sets out FMA’s main objective</div><div id="body">
<p>The Financial Markets Authority Act established the Financial
Markets Authority as an independent Crown entity, and sets out
FMA's main objective - which is to 'promote and facilitate the
development of fair, efficient, and transparent financial
markets'.</p>
<p>The Act also sets out FMA's functions, which are to:</p>
<ul>
<li>promote participation of businesses, investors, and consumers
in the financial markets</li>
<li>exercise the powers and duties FMA has under various financial
markets and other legislation</li>
<li>monitor compliance with, investigate and enforce financial
markets legislation. See more about this legislation in Acts and
Regulations</li>
<li>monitor, and inquire into or investigate matters, relating to
financial markets, or the activities of financial markets
participants or any person involved with those markets</li>
<li>review the law and practices relating to financial markets and
financial markets participants</li>
<li>co-operate with other law enforcement or regulatory agency,
including overseas regulators.</li>
</ul>
<p>For more information on FMA's functions see <a
title="What we do" href="/about-us/what-we-do/">What we do</a>.</p>
<p>The Act consolidated into FMA the roles of the former Securities
Commission and Government Actuary, and some regulatory work done by
the Companies Office, Ministry of Economic Development and NZX. It
disestablished the Securities Commission and Government
Actuary.</p>
<p>It gave FMA a number of additional powers. These include:</p>
<ul>
<li>the power to obtain information, documents and evidence, and
the power to enter and search a place or vehicle. For more
information see <a title="Our powers"
href="/about-us/what-we-do/investigations-and-enforcement/">Our
powers</a></li>
<li>the ability, where FMA considers it is in the public interest,
to exercise the right of action that a person has against a
(current or former) financial market participant, and take
proceedings against that participant. FMA can also take over
proceedings begun against a (current or former) financial market
participant</li>
<li>the ability to require that its warnings are disclosed on
websites, prospectuses, investments statements, and other
documents.</li>
</ul>
<p><a title="Schedule 1"
href="http://www.legislation.govt.nz/act/public/2011/0005/latest/DLM3232235.html?search=ts_act_financial_resel&p=1">
Schedule 1</a> of the Act is a list of financial markets
legislation that FMA either oversees or has a role in
overseeing.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/securities-act-1978-and-securities-regulations-2009/Securities Act 1978 and Securities Regulations 20092013-03-27T18:45:14+13:00Financial Markets Authority<div id="teaser-text">The Securities Act and the Securities Regulations regulate the offer of securities to the public in New Zealand.</div><div id="body">
<p>The Securities Act and the Securities Regulations regulate the
offer of securities to the public in New Zealand. <a
title="Who Needs to Comply" href="/help-me-comply/issuers/who-needs-to-comply/">Find out
more about what a security is, and who the public is</a>.</p>
<p>The Act sets out when and how an offer can be made to the
public, and specifies who is responsible for the offer. It also
sets out the applicable penalties and liabilities when the Act or
regulations are not complied with.</p>
<p>The Act gives FMA broad powers to review offer documents, and to
suspend or prohibit public offers, where we think this is in
the public interest. This is most often where an offer document
(e.g. a prospectus or an investment statement) contains a statement
that is likely to deceive, mislead, or confuse the public, or where
the offer document does not comply with the Act or regulations.</p>
<p>The Act also gives FMA the power to grant exemptions from
complying with the Act and regulations, where complying would not
be possible, or practical.</p>
<p>The regulations supplement the Act, and set out the information
that must be contained in offer documents. The information required
depends on the nature of the securities, and the circumstances in
which they are being offered.</p>
<p>The regulations also regulate the content and distribution of
'advertisements', (forms of communication that advertise public
offers), and specify certain requirements that are deemed to be
included in governing documents of certain trusts and schemes.</p>
<p>In addition to the Securities Regulations, the other regulations
under the Securities Act are the:</p>
<ul>
<li>Securities (Fees) Regulations 1998, which set the fees payable
under the Securities Act 1978</li>
<li>Securities (Mutual Recognition of Securities Offerings -
Australia) Regulations 2008, which set out the reciprocal offering
regime that enables certain offers of securities regulated by
Australian law to be offered directly into New Zealand without
having to comply with the New Zealand offering regime, and vice
versa</li>
<li>Securities Act (Contributory Mortgage) Regulations 1988, which
set out a separate disclosure regime for interests in contributory
mortgages</li>
<li>Securities (Moratorium) Regulations 2009, which set out the
disclosure regime for proposals to vary the terms or conditions of
an existing debt security.</li>
</ul>
<p><a
title="Offering Securities in New Zealand and Australia under Mutual Recognition"
href="/keep-updated/reports-and-papers/offering-securities-in-new-zealand-and-australia-under-mutual-recognition/">See more about mutual recognition of
trans-Tasman offerings</a>.</p>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/Legislation2013-03-27T18:45:13+13:00Financial Markets Authority<div id="teaser-text">FMA's functions include to monitor compliance with, investigate and enforce financial markets conduct legislation.</div><div id="body">
<p>FMA oversees compliance with a range of financial markets
legislation and has the power to grant some exemptions from the
law.</p>
<ul>
<li><a
href="/laws-we-enforce/legislation/acts-and-regulations/">Acts and
Regulations</a></li>
<li><a
href="/laws-we-enforce/legislation/notices/">Notices</a></li>
<li><a
href="/laws-we-enforce/legislation/exemption-notices/">Exemption
Notices</a></li>
</ul>
</div>http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/Acts and Regulations2013-03-27T18:45:13+13:00Financial Markets Authority<div id="teaser-text">.</div><div id="body">
<p>The Financial Markets Authority oversees and administers a range
of financial markets legislation. Note, the Securities Act
1978 and Securities Markets Act 1988 are under review. <a
href="http://www.beehive.govt.nz/release/government-moves-modernise-securities-law">
See information about this review</a>.</p>
<p>For an overview of this legislation, see below. To view the
legislation, go to <a title="Home"
href="http://www.legislation.govt.nz">New Zealand
Legislation</a>.</p>
<ul>
<li><a
href="http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/financial-markets-authority-act-2011/">
Financial Markets Authority Act 2011</a></li>
</ul>
<ul>
<li><a
href="http://www.legislation.govt.nz/regulation/public/2012/0121/latest/DLM4491301.html?search=ts_act%40bill%40regulation%40deemedreg_%e2%80%a2%09Financial+Markets+Authority+(Levies)+Regulations+2012_resel_25_h&p=1">
Financial Markets Authority (Levies) Regulations 2012</a></li>
<li><a
href="http://www.legislation.govt.nz/regulation/public/2011/0280/latest/DLM3939301.html">
Financial Markets Authority (Fees) Regulations 2011</a></li>
<li><a title="Securities Act 1978 and Securities Regulations 2009"
href="/laws-we-enforce/legislation/acts-and-regulations/securities-act-1978-and-securities-regulations-2009/">Securities Act 1978 (and Securities
Regulations 2009)</a></li>
<li><a
title="Securities Markets Act 1988 and associated regulations"
href="/laws-we-enforce/legislation/acts-and-regulations/securities-markets-act-1988-and-associated-regulations/">Securities Markets Act 1988</a></li>
<li><a title="Financial Advisers Act 2008"
href="/laws-we-enforce/legislation/acts-and-regulations/financial-advisers-act-2008/">Financial Advisers Act 2008</a></li>
<li><a
href="http://www.fma.govt.nz/help-me-comply/financial-advisers/your-obligations/authorised-financial-advisers-obligations/code-of-professional-conduct-for-afas/">
Financial Advisers (Code of Professional Conduct for Authorised
Financial Advisers) Notice 2010</a></li>
<li><a
title="Financial Service Providers (Registration and Dispute Resolution) Act 2008"
href="/laws-we-enforce/legislation/acts-and-regulations/financial-service-providers-(registration-and-dispute-resolution)-act-2008/">Financial Service Providers
(Registration and Dispute Resolution) Act 2008</a></li>
<li><a
title="KiwiSaver Act 2006 (parts 4 and 5 and schedules 1 and 2)"
href="/laws-we-enforce/legislation/acts-and-regulations/kiwisaver-act-2006-(parts-4-and-5-and-schedules-1-and-2)/">KiwiSaver Act 2006 (Parts 4 and 5 and
Schedules 1 and 2)</a></li>
<li><a title="Securities Transfer Act 1991"
href="/laws-we-enforce/legislation/acts-and-regulations/securities-transfer-act-1991/">Securities Transfer Act 1991</a></li>
<li><a title="Superannuation Schemes Act 1989"
href="/laws-we-enforce/legislation/acts-and-regulations/superannuation-schemes-act-1989/">Superannuation Schemes Act 1989</a></li>
<li><a title="Unit Trusts Act 1960" href="/laws-we-enforce/legislation/acts-and-regulations/unit-trusts-act-1960/">Unit
Trusts Act 1960</a></li>
<li><a
href="http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#securities-trustees-and-statutory-supervisors-act-2009">
Securities Trustees and Statutory Supervisors Act 2011</a></li>
<li><a
href="http://www.fma.govt.nz/laws-we-enforce/legislation/acts-and-regulations/auditor-regulation-act-2011/">
Auditor Regulation Act 2011</a></li>
<li><a
href="http://www.legislation.govt.nz/act/public/1989/0044/latest/DLM160809.html">
Public Finance Act 1989 (Sections 45U and 45V)</a></li>
</ul>
<p>FMA also monitors compliance with, investigates conduct
that may constitute a contravention of, and enforces other
financial markets legislation listed below, where such
legislation applies to financial market participants.</p>
<ul>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#companies-act-1993">Companies Act
1993</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#financial-reporting-act-1993">Financial
Reporting Act 1993</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#corporations-investigation-and-management-act-1989">
Corporations (Investigation and Management) Act 1989</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#anti-money-laundering-and-countering-financing-of-terrorism-act-2009">
Anti-Money Laundering and Countering Financing of Terrorism Act
2009</a></li>
<li><a
href="http://www.legislation.govt.nz/regulation/results.aspx?search=ts_regulation_Anti+Money+Laundering_resel&p=1">
Anti-Money Laundering and Countering Financing of Terrorism
Regulations</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#building-societies-act-1965">Building
Societies Act 1965</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#co-operative-companies-act-1996">Co-operative
Companies Act 1996</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#crimes-act-1961">Crimes Act (Sections 220,
228, 229, 240, 242, and 256 to 260)</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#friendly-societies-and-credit-unions-act-1982">
Friendly Societies and Credit Unions Act 1982</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#industrial-and-provident-societies-act-1908">
Industrial and Provident Societies Act 1908</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#limited-partnerships-act-2008">Limited
Partnerships Act 2008</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#reserve-bank-of-new-zealand-act-1989">Reserve
Bank of New Zealand Act 1989 (Part 5C)</a></li>
<li><a title="Governance, Reporting and Supervision Legislation"
href="/laws-we-enforce/legislation/acts-and-regulations/governance,-reporting-and-supervision-legislation/#trustee-companies-act-1967">Trustee
Companies Act 1967</a></li>
</ul>
</div>