FMC Act exemptions

FMA grants 2025 exemption to Craigs Investment Partners entities for ESOP offers, allowing distribution of stapled securities to eligible participants outside typical regulatory constraints.

FMA grants Xero Limited exemption under FMC Act for ASX share plan offer to NZ investors, effective 27 June 2025.

FMA grants Interactive Brokers LLC exemptions for NZ client money rules, aligning with US regulations from July 2025 to July 2030.

AEL exempt from licensing to operate electricity derivatives market for wholesale investors under the FMC Act 2013.

The Financial Markets Conduct (Helios Energy) Exemption Notice 2025 (the Notice) exempts Helios Energy Hold LP (Helios) from compliance with the disclosure and governance requirements of Parts 3 and 4 of the Financial Markets Conduct Act 2013 (Act), in respect of offers of limited partnership interests in Helios (including options to acquire those partnership interests) (interests), made under Helios’ staff incentive scheme (scheme) to certain employees, contractors and other eligible persons.

The exemptions recognise the difficulties faced by Sharesies as fund manager of the self-select fund in complying with the disclosure requirements of the FMC Act and the FMC Regulations.

The notice exempts small to medium-sized licensed providers of DIMS from certain financial reporting and audit obligations under the Financial Markets Conduct Act 2013.