New Zealand Financial Markets Authority Consultation: Proposed Reporting, Audit And Assurance Exemptions For Schemes In Wind-Up

The Financial Markets Authority is considering a class exemption to provide relief from certain reporting, audit and assurance obligations under the Financial Markets Conduct Act 2013 and the Financial Markets Conduct Regulations 2014 for registered Managed Investment Schemes that are in wind-up.  

During wind-up, a scheme’s objectives and priorities shift. The cost of complying with some reporting, audit and assurance obligations may outweigh the benefits of compliance where the original purpose of the obligation will not be met (or will only be partially met).

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