Financial Markets Conduct (Hunter Private Credit Fund) Exemption Notice 2025

The Financial Markets Conduct (Hunter Private Credit Fund) Exemption Notice 2025 exempts Harbour Asset Management Limited (HAML) from clauses 53(1)(c)(viii), 53(1)(j)(i), 54(1)(a)(i) and (d), and 70(1)(a)(i) of Schedule 4 of the Financial Markets Conduct Regulations 2014 (the FMC Regulations). Those provisions require HAML to provide certain information about the individual assets of the Hunter Private Credit Fund (the Fund) established under the Hunter Investment Funds managed investment scheme (which is managed by HAML).

The exemptions apply only:

• in relation to the Fund;
• to the extent that an individual asset of the Fund is a loan or a receivable;
• to the extent that the above provisions of the FMC Regulations require information to include the name of the borrower or counterparty for the purpose of naming or identifying that individual asset; and
• to loans or receivables in respect of which, in the reasonable opinion of HAML, naming the borrower or counterparty would be likely to identify individuals who are owners of the borrower or counterparty.
   

The exemptions are also subject to conditions requiring that HAML alternatively provide additional information, including information about:

• whether loans or receivables are secured or unsecured and—if secured—the type of asset that is the principal subject of the security interest;
• if the loan or receivable is secured—the risk rating (or other risk-based category) of the loan or receivable, and the primary geographical region in New Zealand where the secured asset is located;
• the composition of the Fund’s assets, including—for secured loans or secured receivables—the types of secured assets and the terms of the loans or receivables; and
• the loans or receivables acquired or advanced by the Fund.

Download Financial Markets Conduct (Hunter Private Credit Fund) Exemption Notice 2025 [PDF 262KB]