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|Name of Notice||Financial Markets Conduct (Corporate Trustees) Exemption Notice 2021|
|Gazette Notification Date||2021-10-27|
|Date In Force||2021-10-31|
|Act||Financial Markets Conduct|
The Financial Markets Conduct (Corporate Trustees) Exemption Notice 2021 exempts managers of specified restricted schemes from certain trustee requirements of the Financial Markets Conduct Act 2013.
The exemptions allow a specified licensed independent corporate trustee to be sole trustee of a specified restricted scheme.
The exemptions are subject to the conditions that the specified trustee of a specified restricted scheme meets certain independence requirements and is a licensed independent trustee whose licence covers the specified restricted scheme.