Financial Markets Conduct (Spark New Zealand Limited Group) Exemption Notice 2021

Summary: The Financial Markets Conduct (Spark New Zealand Limited Group) Exemption Notice 2021 (Download the notice PDF) provides relief to certain subsidiaries of Spark New Zealand Limited from subpart 2 (accounting records obligations) and subpart 3 (obligations to prepare, audit, and lodge financial statements) of Part 7 of the Financial Markets Conduct Act 2013 in relation to funds received by those subsidiaries from Spark Finance Limited that was raised by the issue of debt securities by Spark Finance under a regulated offer on 10 December 2015.

The exemptions are subject to conditions that group financial statements for Spark and all of its subsidiaries are prepared and audited, that copies of the group financial statements and the auditor's report are lodged with the Registrar, that Spark will provide a copy of the group financial statements and the auditor’s report upon request, and that Spark and those members of its group that provide a guarantee of the obligations of Spark Finance under the Spark Debt Securities will continue to provide unconditional unlimited guarantees.

This is a renewal of an existing exemption to cover the period until the maturity date of the debt securities on 10 March 2023.