14 July 2025

Financial Markets Conduct (Overseas Custodians of Scheme Property-Assurance Engagement) Exemption Notice 2025

Name of Notice	Financial Markets Conduct (Overseas Custodians of Scheme Property-Assurance Engagement) Exemption Notice 2025
Gazette Notification Date	2025-07-10
Date In Force	2025-07-31
LI Number	SL2025/146
SL Number	N/A
Act	Financial Markets Conduct
Type	Class Exemption
Expiry Date	2030-03-13

This notice provides exemptions for certain overseas custodians of registered schemes from getting an assurance engagement with a New Zealand auditor that complies with certain requirements in the Financial Markets Conduct Regulations 2014 (FMC Regulations). Assurance engagements can instead be obtained with licensed or registered auditors from Australia, Canada, France, the United Kingdom, Netherlands, Switzerland or the United States of America for custodians based in those jurisdictions, and can comply with overseas requirements.

This exemption notice only applies for accounting periods for assurance engagements that have commenced after the granting of this notice.

View Financial Markets Conduct (Overseas Custodians of Scheme Property-Assurance Engagement) Exemption Notice 2025