Page last updated: 23 November 2022

FMC Act exemptions

While the law gives us broad powers to grant exemptions from compliance with specific provisions in the FMC Act, we consider that our exemption power only extends to compliance provisions, not to liability provisions.

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Found 91 results. Displaying page 1 of 7

  1. Financial Markets Conduct Act exemptions

    1 March 2024

    Financial Markets Conduct (Climate-related Disclosures – Commonwealth Bank of Australia New Zealand) Exemption Notice 2024

    The Notice permits CBA to report only in relation to certain group members (CBA Group) and exempts CBA from reporting in relation to other group members (being ASB Holdings Limited and ASB Bank Limited and its subsidiaries) that are required otherwise to form part of the climate statements to be prepared for CBA’s New Zealand business under section 461ZB(3)(a) of the Act. With the exception of ASB Holdings Limited, the subsidiaries excluded from the CBA Group climate statements will be included in other climate statements pursuant to section 461ZA of the Act.
  2. Financial Markets Conduct Act exemptions

    21 December 2023

    Financial Markets Conduct (Climate Statements – Stride Property Group) Exemption Notice 2023

    The Financial Markets Conduct (Climate Statements – Stride Property Group) Exemption Notice 2023 (Notice) exempts Stride Investment Management Limited (SIML) and Stride Property Limited (SPL), which are part of the stapled group, comprising SIML, SPL and subsidiaries of SPL (Stride Property Group or SPG) from certain provisions of Part 7A of the Financial Markets Conduct Act 2013 (Act).
  3. Financial Markets Conduct Act exemptions

    21 November 2023

    Financial Markets Conduct (Portfolio Superannuation Scheme) Exemption Notice 2023

    The Notice exempts Saturn Invest New Zealand (Saturn) as manager of the Portfolio Superannuation Scheme (the self-select scheme) from certain provisions of the Financial Markets Conduct Act 2013 (the FMC Act), the Financial Markets Conduct Regulations 2014 (the FMC Regulations), and the Financial Markets Conduct (Fees) Regulations 2014.
  4. 24 August 2023

    Financial Markets Conduct (Times-7 Group) Exemption Notice 2023

    The Financial Markets Conduct (Times-7 Group) Exemption Notice 2023 exempts Times-7 Holdings Limited and Times-7 Research Limited (together, the issuers) from compliance with the disclosure requirements of Part 3 of the Financial Markets Conduct Act 2013 (Act).
  5. Exemptions

    20 June 2023

    Financial Markets Conduct (Market Index) Exemption Notice 2023

    This exemption provides relief to managed investment scheme (MIS) managers with funds that invest, in whole or in part, in assets that do not have an appropriate market index (relevant assets) and instead allows managers to take alternative approaches.
  6. Exemptions

    7 June 2023

    Financial Markets Conduct (Christchurch City Holdings Limited Subsidiary Balance Date Alignment) Exemption Notice 2023

    The Financial Markets Conduct (Christchurch City Holdings Limited Subsidiary Balance date Alignment) Exemption Notice 2023 exempts Christchurch City Holdings Limited (CCHL), subject to conditions, from section 461(3) of the Financial Markets Conduct Act 2013 (Act). Section 463(1) requires the board of an FMC reporting entity to ensure that the balance date of the FMC reporting entity is the same as the balance date of its subsidiaries. The effect of the exemption is that it exempts the board of CCHL from requiring that its subsidiary Orion New Zealand Limited (Orion) has the same balance date..