Financial Markets Conduct (Interactive Brokers LLC) Exemption Notice 2025

The Financial Markets Conduct (Interactive Brokers LLC) Exemption Notice 2025 exempts Interactive Brokers LLC (IB) from sections 431ZC, 431ZE(3), 431ZE(4), 431ZF and 431ZG of the Financial Markets Conduct Act 2013 (the Act). Those sections contain obligations for handling client money and client property.

In particular, section 431ZC requires that a provider of client money or property services must hold client money or client property on trust. If IB no longer holds client money or client property on trust, in reliance on the exemptions, then it will not be required to comply with the obligations in relation to client money and client  property contained in sections 431ZC to 431ZH of the Act and regulations 229Q to 229V of the Financial Markets Conduct Regulations 2014, to the extent that these obligations only apply if client money or client property is received or held ‘on trust’ for a client.

Various conditions apply, including that IB comply with specified US requirements as if its New Zealand clients were located in the United States.

Download Financial Markets Conduct (Interactive Brokers LLC) Exemption Notice 2025 [PDF 323KB]