Financial Markets Conduct (Climate-related Disclosures for Foreign Listed Issuers) Exemption Notice 2024

An exemption has been granted to provide relief for certain overseas entities with a secondary listing on a financial product market operated by NZX Limited from climate reporting, assurance, and record-keeping duties under Part 7A of the Financial Markets Conduct Act 2013 (the Act).  

The notice provides a complete exemption from the requirements if the entity does not have a large presence in New Zealand. The notice also provides an exemption from the requirements to the extent that a subsidiary or related body corporate of the entity is required by the Act to comply with climate reporting, assurance, and record-keeping requirements for the entity’s New Zealand business.  

Finally, the notice provides a partial exemption for an entity that has a large presence in New Zealand. The exemption ensures that the entity is only required to comply with the climate reporting, assurance, and record-keeping requirements under the Act for its New Zealand business or New Zealand-based investment assets.  

The notice includes conditions requiring alternative disclosure and reporting: Financial Markets Conduct (Climate-related Disclosures for Foreign Listed Issuers) Exemption Notice 2024. 

Financial Markets Conduct (Climate-related Disclosures for Foreign Listed Issuers) Exemption Notice 2024