Financial Markets Conduct (Revocation of Exemptions) Notice 2025

This notice, which comes into force on 12 June 2025, revokes the following notices:

• Financial Markets Conduct (Market Index) Exemption Notice 2024:
• Financial Markets Conduct (Wholesale Investor Exclusion—$750,000 Minimum Investment in Kauri Bonds) Exemption Notice 2021.

The notice also amends the following notices to give both earlier dates for revocation:

• Financial Markets Conduct (Restricted Schemes—Custodian Assurance Engagement) Exemption Notice 2024:
• Financial Markets Conduct (Restricted Schemes—Disclosure and Reporting) Exemption Notice 2022.

The Financial Markets Conduct Amendment Regulations 2025, which come into force on 12 June 2025, amend the Financial Markets Conduct Regulations 2014 to incorporate the policies contained in all 4 of those exemption notices.  As such, the FMA considers the affected notices are no longer necessary or desirable in order to promote the purposes of the Act, nor necessary to address the matters that gave rise to them.

The Financial Markets Conduct (Restricted Schemes—Custodian Assurance Engagement) Exemption Notice 2024 and the Financial Markets Conduct (Restricted Schemes—Disclosure and Reporting) Exemption Notice 2022 are now revoked on 30 November 2025, instead of 29 September 2029 and 30 August 2027, which allows time for the exemption conditions to be satisfied in respect of relevant periods ending before the commencement date of this notice.

View Financial Markets Conduct (Revocation of Exemptions) Notice 2025