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Page last updated: 23 November 2022

FMC Act exemptions

While the law gives us broad powers to grant exemptions from compliance with specific provisions in the FMC Act, we consider that our exemption power only extends to compliance provisions, not to liability provisions.

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Found 106 results. Displaying page 6 of 8

  4. 1 December 2019

    Financial Markets Conduct (Disclosure of Relevant Interests by Directors & Senior Managers) Exemption Notice 2019

    The Financial Markets Conduct (Disclosure of Relevant Interests by Directors and Senior Managers) Exemption Notice 2019 continues the relief granted in the Financial Markets Conduct (Disclosure of Relevant Interests by Directors and Senior Managers) Exemption Notice 2014, which is revoked at the close of 30 November 2019.

    https://www.fma.govt.nz/business/legislation/exemptions/financial-markets-conduct-act-exemptions/financial-markets-conduct-disclosure-of-relevant-interests-by-directors-and-senior-managers-exemption-notice-2019/

  6. 23 October 2019

    Financial Markets Conduct (Obsidian Contributory Mortgage Scheme) Exemption Notice 2019

    Financial Markets Conduct (Obsidian Contributory Mortgage Scheme) Exemption Notice 2019 comes into force on 22 October 2019 and is revoked on 21 October 2024. This notice exempts Obsidian Group Limited (the Manager) from some provisions of the Financial
    Markets Conduct Regulations 2014 (the Regulations) and the Financial Markets Conduct Act
    2013 (the Act) in respect of the Obsidian Contributory Mortgage Scheme (the Scheme).

    https://www.fma.govt.nz/business/legislation/exemptions/financial-markets-conduct-act-exemptions/obsidian-2019/

  7. 23 October 2019

    Financial Markets Conduct (Masthead Joint Venture) Exemption Notice 2019

    This notice, which comes into force on 22 October 2019 and is revoked on the close of 21 October 2024, exempts certain trustees of trusts that together either control, or have a potential future interest in, the Masthead Joint Venture from regulation 139 of the Financial Markets Conduct Regulations 2014 to the extent that the regulation requires event disclosures given by those trustees to have attached a full copy of the joint venture agreement that constitutes the Masthead Joint Venture.

    https://www.fma.govt.nz/business/legislation/exemptions/financial-markets-conduct-act-exemptions/masthead-2019/

  8. 25 July 2019

    Financial Markets Conduct (Managed Funds – Loan Disclosure Requirements) Exemption Notice 2019

    A class exemption has been granted to provide managers of certain schemes that invest in secured loans with relief from the requirements to name borrowers in quarterly fund updates or on the register entry for the offer. Alternative information about the secured property must be provided instead, that will be more useful for investors. The exemptions come into force on 1 August 2019.

    https://www.fma.govt.nz/business/legislation/exemptions/financial-markets-conduct-act-exemptions/managed-funds-loan-disclosure-requirements/

  12. 1 April 2019

    Financial Markets Conduct (Harbour Investment Funds) Exemption Notice 2019

    Financial Markets Conduct (Harbour Investment Funds) Exemption Notice 2019 exempts Harbour Asset Management Limited (Harbour), the manager of the Harbour Investment Funds (Scheme) from clauses 53(1)(c)(viii), 53(1)(j), 54(1)(a)(i), 54(1)(d) and 70(1)(a)(i) of Schedule 4 of the Financial Markets Conduct Regulations 2014 (Regulations). Read more.

    https://www.fma.govt.nz/business/legislation/exemptions/financial-markets-conduct-act-exemptions/harbour-investment-funds/

  13. 17 December 2018

    Financial Markets Conduct (Same Class Offers ASX/NZX-Quoted Financial Products) Exemption Notice 2018

    Financial Markets Conduct (Same Class Offers ASX/NZX-Quoted Financial Products) Exemption Notice 2018 exempts issuers from the disclosure and governance requirements in Parts 3 and 4 of the Financial Markets Conduct Act 2013 (the Act) in relation to offers of the same class as financial products that are quoted on ASX where the issuer has a secondary listing on a licensed market operated by NZX Limited. Read more.

    https://www.fma.govt.nz/business/legislation/exemptions/financial-markets-conduct-act-exemptions/financial-markets-conduct-same-class-offers-asxnzx-quoted-financial-products-exemption-notice-2018/

  15. 25 November 2018

    Financial Markets Conduct (Portfolio Superannuation Scheme) Exemption Notice 2018

    Financial Markets Conduct (Portfolio Superannuation Scheme) Exemption Notice 2018 exempts Saturn Invest New Zealand Limited (Saturn) as manager of the Portfolio Superannuation Scheme (the self-select scheme) from some provisions of FMC Act. Read more.

    https://www.fma.govt.nz/business/legislation/exemptions/financial-markets-conduct-act-exemptions/financial-markets-conduct-portfolio-superannuation-scheme-exemption-notice-2018/