|Name of Notice||Financial Markets Conduct (Plus500AU Pty Ltd) Exemption Notice 2022|
|Gazette Notification Date||2022-04-27|
|Date In Force||2022-05-01|
|Act||Financial Markets Conduct|
The Notice Financial Markets Conduct (Plus500AU Pty Ltd) Exemption Notice 2022 exempts Plus500AU Pty Ltd (Plus500AU), an Australian incorporated company that holds an Australian Financial Services Licence and a derivatives issuer licence, from certain financial reporting requirements in the Financial Markets Conduct Act 2013 (FMC Act) and the registry entry and assurance engagement requirements in the Financial Markets Conduct Regulations 2014 (the FMC Regulations).
The exemption comes into effect on 1 May 2022 and expires on 30 April 2027.
The exemption is in effect a renewal of its current exemption, the Financial Markets Conduct (Plus500 Pty Ltd) Exemption Notice 2017, which is due to expire on 27 April 2022 but revised to reflect an additional exemption from a relevant regulation that was recently included in the FMC Regulations.
The exemptions will, subject to conditions, enable Plus500 to prepare and lodge audited financial statements that comply with the financial reporting requirements of Australia and obtain an assurance engagement with an Australian registered or licensed auditor who is permitted to act as an auditor for Plus500AU.
In summary, the conditions require that -