FMC Act exemptions

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.

The Financial Markets Conduct (Vision Invest NZ Funds) Exemption Notice 2025 (Notice) exempts FundRock NZ Limited (FundRock) in respect of the Vision Income Fund (Fund) from certain disclosure provisions of Schedule 4 of the Financial Markets Conduct Regulations 2014 (the Regulations) relating to details being provided on Disclose Register about loans made by FundRock NZ Limited (FundRock) that are assets of the Fund. The exemption is subject to alternative disclosures being provided to investors.

The Financial Markets Conduct (Conduct of Financial Institutions — QBE Insurance (Australia) Limited) Exemption Notice 2025 (Notice) exempts QBE Insurance (Australia) Limited (QBE), for three months, from the requirements under the Financial Markets Conduct Act 2013 (as amended by the Financial Markets (Conduct of Financial Institutions) Amendment Act 2022)