The Financial Markets Authority is seeking submissions from market participants, investors, representatives and advisers on review of 44 class exemption notices due to expire later this year.
FMA is able to grant exemptions from provisions of various securities laws. Exemptions remove rigidities in the law and ensure standards set for market participants are reasonable and cost-effective. They provide relief where the costs of compliance are not matched by improved outcomes for investors or market participants.
FMA will review each of the 44 notices before they expire. As part of the review process FMA is calling for submissions from all interested parties on their experience with the notices, and proposals on whether, and if so how, the exemptions should be renewed consistently with FMA's regulatory objectives. The final date for submissions is 7 May 2012. Further information can be found ... READ MORE
Released by the FMA - 12 April 2012