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  5. Financial Markets Conduct (NZCDC Settlement System) Exemption Notice 2019

Financial Markets Conduct (NZCDC Settlement System) Exemption Notice 2019

Page last updated: 29 Nov 2019
Name of noticeFinancial Markets Conduct (NZCDC Settlement System) Exemption Notice 2019
Gazette Notification Date2019-11-25
Date In Force2019-12-01
LI Number281/2019
ActFinancial Markets Conduct Act 2013
TypeClass Exemption Notice
Expiry Date2024-11-30

Summary:  The Financial Markets Conduct (NZCDC Settlement System) Exemption Notice 2019 continues the relief granted in Financial Markets Conduct (NZCDC Settlement System) Exemption Notice 2014, which is revoked at the close of 30 November 2019.  The notice comes into force on 1 December 2019 and is revoked at the close of 30 November 2024. The notice provides relief for clearing and depository participants from the substantial holding disclosure requirements of the Financial Markets Conduct Act 2013 for interests that arise in the course of certain clearing and settlement activities and not on participants’ own accounts.