02 November 2021

Financial Markets Conduct (Securities Offered under Securities Act 1978 Exemptions Recognising Overseas Regimes) Exemption Notice 2021

Name of Notice Financial Markets Conduct (Securities Offered under Securities Act 1978 Exemptions Recognising Overseas Regimes) Exemption Notice 2021
Gazette Notification Date 2021-11-02
Date In Force 2021-12-01
LI Number
SL Number
Act Financial Markets Conduct
Type Class Exemption
Expiry Date 2026-11-30

SL Number: SL2021/342

Summary: The Financial Markets Conduct (Securities Offered under Securities Act 1978 Exemptions Recognising Overseas Regimes) Exemption Notice 2021 provides exemptions for securities offered under Securities Act 1978 exemptions recognising overseas regimes.

This continues relief provided under the FMC (Securities Offered under Securities Act 1978 Exemptions Recognising Overseas Regimes) Exemption Notice 2016. The exemptions recognise that it would now be a significant compliance hurdle for issuers that have previously issued securities to New Zealand investors (in some cases many years ago, and at least before 30 November 2016) and on an incidental or ancillary basis, to comply with increased requirements under the FMC Act.