|Name of Notice||Stride Property Group|
|Gazette Notification Date||2022-05-27|
|Date In Force||2022-05-26|
|Act||Financial Markets Conduct|
The Financial Markets Conduct (Stride Property Group) Exemption Notice 2022 allows Stride Property Limited (SPL) and Stride Investment Management Limited Stride (SIML), as stapled entities (Stride Property Group), to prepare consolidated financial statements for the purposes of subpart 3 of Part 7 of the Financial Markets Conduct Act 2013 (the Act). In particular, the notice exempts SPL from subpart 3 of Part 7 of the Act to the extent that the subpart requires a FMC reporting entity that has 1 or more subsidiaries to prepare group financial statements. This notice also exempts SIML from subpart 3 of Part 7 of the Act to the extent that the subpart requires an FMC reporting entity to prepare financial statements in relation to the entity. The notice also exempts SPL and SIML from the following provisions of the Act:
The exemption is subject to conditions that effectively recreate the relevant provisions of subpart 3 of Part 7 from which each of SPL and SIML are exempt, albeit by reference to financial statements prepared in respect of the Stride Property Group.