Financial Markets Conduct (Futurity Investment Group Limited) Exemption Notice 2022

The Financial Markets Conduct (Futurity Investment Group Limited) Exemption Notice 2022 (Exemption) exempts Futurity Investment Group Limited (the manager), as manager of Futurity managed investment schemes in New Zealand, principally from section 156(1) of the Financial Markets Conduct Act 2013 (the Act) subject to certain conditions. The exemption provides relief to the manager from having scheme property held by the supervisor or a person that meets the external custodianship requirements.  The exemptions are subject to conditions relating to the regulation of Futurity in Australia and the oversight of Futurity in relation to Futurity’s New Zealand registered managed investment schemes by the New Zealand licensed supervisor of those schemes.