Consultation paper: Forestry scheme issues and exemptions proposals

First published 17 December 2015

We are considering possible exemptions to address some issues faced by forestry schemes in complying with the Financial Markets Conduct Act 2013 (FMC Act).  This paper also discusses how schemes can approach some of their compliance obligations. 

Submissions closed on Friday 19 February 2016. 

All comments should be submitted to [email protected] with the subject line: ‘Forestry scheme issues and exemptions proposals: [Your entity name]’.  

Update

19 May 2016

For forestry managed investment schemes (MIS) we have just published a licensing guide to help businesses get started. The guide also explains when a scheme is not an MIS, and does not have to have a licensed manager.

We have also recently granted some exemptions for forestry MISs and their custodians from some compliance obligations. If you would like to find out more about these, see page 13 of our Regulatory Update: FMA legislative notices supporting the FMC Act regime or contact us at [email protected]