First published 17 December 2015
Final date for submissions
|E-mail for submission||[email protected] (please use the title of the consultation paper for the subject line)|
|Response to submissions||FMA approves class exemptions that recognise existing regulation of overseas issuers|
We are consulting on possible exemptions for overseas issuers and overseas FMC reporting entities from:
We would like your feedback on our proposals.
Submissions closed on Friday 26 February 2016.
All comments should be submitted to [email protected] with the subject line: ‘Recognition of overseas regimes - proposed exemption relief: [Your entity name]’.
Monday 13 June
We have approved a series of class exemptions for overseas issuers which allow issuers making offers to New Zealand investors to rely on the disclosure, governance, financial reporting and audit requirements of their overseas jurisdiction where their regulatory standards are equivalent to New Zealand’s.
We plan to finalise these exemptions by the end of July 2016. Once the exemption notices are finalised, you will be able to find them on our website, and on the New Zealand legislation website.
This additional flexibility will encourage broader participation by overseas issuers in the New Zealand market, preserve appropriate access to information, and protect investors.