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19 May 2017

Financial Markets Conduct (Shares in Investment Companies) Designation Notice 2017

Name of Notice Financial Markets Conduct (Shares in Investment Companies) Designation Notice 2017
Gazette Notification Date 2017-05-18
Date In Force 2017-05-19
LI Number 2017/104
SL Number
Act Financial Markets Conduct Act 2013
Type Designation notice
Expiry Date

Financial Markets Conduct (Shares in Investment Companies) Designation Notice 2017

Our information sheet explains the effect of the designation notice.

 

 

This designation notice has been amended by the following notices:

Gazette Notification Date 22/12/2020
Date In Force 15/03/2021
LI Number 2020/334

The principal notice designates certain shares in investment companies as managed investment products. That notice contains a cross reference to the definition of ‘financial advice’ in the Financial Advisers Act 2008. The Financial Advisers Act will be revoked with effect from 15 March 2021 by the Financial Services Legislation Amendment Act 2019. From 15 March 2021, the definition of ‘financial advice’ in s431C of the Financial Markets Conduct Act 2013 will apply for the purposes of the principal notice in accordance with clause 3(3) of that notice. The amendment notice therefore revokes the definition of ‘financial advice’ in the principal notice.

View Financial Markets Conduct (Shares in Investment Companies) Designation Amendment Notice 2020

Gazette Notification Date 14/12/2018
Date In Force 01/01/2019
LI Number 2018/266

On 19 May 2017, a class designation came into effect which designates certain shares in investment companies as managed investment products (MIPs).

We have made some technical amendments to the designation to clarify its application to redeemable shares – which are classed as debt securities under the Financial Markets Conduct Act 2013 – and to appointing alternate directors. The effect of the amendments is to confirm that investment companies can issue redeemable shares, and can have a power in their constitutions for directors to appoint alternate directors, without triggering the designation.

View Financial Markets Conduct (Shares in Investment Companies) Designation Amendment Notice (No 2) 2018

Gazette Notification Date 08/02/2018
Date In Force 12/02/2018
LI Number 2018/6

On 19 May 2017, a class designation came into effect which designates certain shares in investment companies as managed investment products (MIPs).

We have made some technical amendments to the designation to clarify its application to redeemable shares – which are classed as debt securities under the Financial Markets Conduct Act 2013 – and to appointing alternate directors. The effect of the amendments is to confirm that investment companies can issue redeemable shares, and can have a power in their constitutions for directors to appoint alternate directors, without triggering the designation.

View Financial Markets Conduct (Shares in Investment Companies) Designation Amendment Notice 2018

Gazette Notification Date 08/06/2017
Date In Force 09/06/2017
LI Number 2017/116

On 19 May 2017, a class designation came into effect which designates certain shares in investment companies as managed investment products (MIPs).&nbsp

We have made some technical amendments to the designation to clarify its application to redeemable shares – which are classed as debt securities under the Financial Markets Conduct Act 2013 – and to appointing alternate directors. The effect of the amendments is to confirm that investment companies can issue redeemable shares, and can have a power in their constitutions for directors to appoint alternate directors, without triggering the designation.

View Financial Markets Conduct (Shares in Investment Companies) Designation Amendment Notice 2017