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.

Financial Markets Conduct (Conduct of Financial Institutions – Westpac Banking Corporation) Exemption Notice 2025

Westpac exempt from FMC Act subpart 6A for cross-border services to certain NZ consumers under 2025 exemption notice.

Financial Markets Conduct (Climate-related Disclosures – Ventia Services Group Limited) Exemption Notice 2025

Exemption for Ventia Services Group from NZ climate disclosure rules due to compliance with Australian sustainability standards.

Financial Markets Conduct (Hunter Private Credit Fund) Exemption Notice 2025

Harbour Asset Management Limited exempted from disclosing borrower names in Hunter Private Credit Fund under FMC Regulations 2025, with conditions applied.

Financial Markets Conduct (FMC Reporting Entities in Liquidation or External Administration) Exemption Notice 2025

New FMC Act exemption offers 5-year financial reporting relief for NZ entities in liquidation, receivership, or VA.

Financial Markets Conduct (Booster Group) Exemption Notice 2025

FMA grants Booster Group exemption from Part 3 of the FMC Act for share offer under court-approved scheme of arrangement.

Financial Markets Conduct (Alliance Group) Exemption Notice 2025

Exemption notice for Alliance Group & Top Hat Co under FMC Act 2013 for share offers via court-approved scheme of arrangement.

Financial Markets Conduct (Climate-related Disclosures – ANZ Group Holdings Limited) Exemption Notice 2025

ANZ Group Holdings Limited exempted from NZ climate reporting under FMC Act due to immaterial side assets and ANZ Bank coverage.

Financial Markets Conduct (Commonwealth Bank of Australia) Exemption Notice 2025

CBA exempted from NZ climate reporting under FMC Act due to limited operations and must lodge Australian Sustainability Reports online.

Financial Markets Conduct (Overseas Custodians of Scheme Property-Assurance Engagement) Exemption Amendment Notice 2025

This notice amends the Financial Markets Conduct (Overseas Custodians of Scheme Property-Assurance Engagement) Exemption Notice 2025 (the principal notice) to include Luxembourg in the list of overseas jurisdictions in the Schedule.

Financial Markets Conduct (KiwiWRAP KiwiSaver Scheme) Exemption Notice 2025

Exemption notice for Consilium NZ Limited managing KiwiWRAP KiwiSaver Scheme, detailing exemptions from FMC Act and Regulations.

Financial Markets Conduct (Overseas Custodians of Scheme Property-Assurance Engagement) Exemption Notice 2025

Exemptions for overseas custodians of registered schemes from New Zealand auditor requirements under FMC Regulations 2014.

Financial Markets Conduct (Takeovers Panel) Exemption Notice 2025

Exemption for Takeovers Panel under FMC Act clarifies substantial holding disclosures, reducing market confusion and promoting confidence.

Financial Markets Conduct (Craigs Investment Partners - ESOP) Exemption Notice 2025

FMA grants 2025 exemption to Craigs Investment Partners entities for ESOP offers, allowing distribution of stapled securities to eligible participants outside typical regulatory constraints.

Financial Markets Conduct (Futurity Investment Group Limited) Exemption Notice 2025

The FMA’s Exemption Notice 2025 grants Futurity Investment Group and Covenant Trustee Services exemptions from specific reporting and winding‑up requirements under the Financial Markets Conduct Act 2013, subject to compliance with Australian Prudential Regulation Authority standards and ongoing disclosure obligations.

Financial Markets Conduct (Xero Limited) Exemption Notice 2025

FMA grants Xero Limited exemption under FMC Act for ASX share plan offer to NZ investors, effective 27 June 2025.

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FMC Act exemptions