|Name of notice||Financial Markets Conduct (AxiCorp Financial Services Pty) Exemption Notice 2020.|
|Gazette Notification Date||2020-07-03|
|Date In Force||2020-07-01|
|Act||Financial Markets Conduct Act 2013|
|Type||Individual Exemption Notice|
The Financial Markets Conduct (AxiCorp Financial Services Pty Ltd) Exemption Notice 2020 provides relief to AxiCorp Financial Services Pty Ltd (AxiCorp) from certain financial reporting and audit obligations of the FMC Act as well as the requirement in Schedule 6 of the FMC Regulations that the register entry for an offer of derivatives contains financial statements that comply with NZ GAAP and have been audited by a qualified auditor (as that term is defined in the FMC Act).
These exemptions are subject to the conditions that require the AxiCorp to prepare financial statements that comply with Australian GAAP. The main effects of the exemptions are as follows: