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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  1. 18 December 2024

    Financial Markets Conduct (Conduct of Financial Institutions – Vero Liability Insurance Limited) Exemption Notice 2024

    The Financial Markets Conduct (Conduct of Financial Institutions — Vero Liability Insurance Limited) Exemption Notice 2024 (Notice) exempts Vero Liability Insurance Limited (VL) from the requirements under the Financial Markets Conduct Act 2013 (as amended by the Financial Markets (Conduct of Financial Institutions) Amendment Act 2022) (the Act) to be licensed as a financial institution; and establish, implement, maintain, and comply with an effective fair conduct programme.