What Exemptions Can I Apply For?

You may apply to the Financial Markets Authority for an exemption from specific provisions of:

  • Part 2 of the Securities Act 1978 (which regulates how offers of securities may be made to the public) and any regulations made under that Act
  • Part 2 of the Securities Markets Act 1988 (which contains disclosure obligations of directors and officers, and substantial security holders, of public issuers) and any regulations made under that Part
  • the Financial Reporting Act 1993, which relate to overseas issuers and recipients of money from conduit issuers.

FMA also has exemption powers under the FMC Act 2014. Some of the substantive provisions in the FMC Act come into force on 1 April 2014 and the remainder come into force on 1 December 2014.

For information on the time line for change and the latest news and information, click here.

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