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Who Needs to Comply


Trustees are appointed to look after investors' interests for certain securities. Trustees covered by the Securities Trustees and Statutory Supervisors Acts are:

  • Debt security trustees
  • Unit trustees
  • KiwiSaver trustees.
Restricted KiwiSaver schemes are not currently covered by the Act.
 
Statutory supervisors are appointed to look after investors' interests for participatory securities (a catch-all term for securities other than equity securities, debt securities or investments in a managed fund). 

Statutory supervisors of retirement villages are also covered by the Act.