Consultation: Renewal of class exemption for DIMS licensees from certain financial reporting requirements

We are reviewing whether to renew for a further five years an existing class exemption notice for certain providers of discretionary investment management services (DIMS) who are licensed to provide DIMS under Part 6 of the Financial Markets Conduct Act 2013 (FMC Act).  

The exemption provides relief to small and medium-sized DIMS licensees from certain financial reporting and audit requirements required under Part 7 of the FMC Act.  

We invite your feedback to support our review of this exemption notice. Please use the feedback form above. 

Download Consultation: Renewal of class exemption for DIMS licensees from certain financial reporting requirements PDF
 

March 2025 update

The FMA has decided in principle to extend relief for a further five-year period on the following terms:

• Increase the level 1 threshold from $100 million retail funds under management (FUM) to $130 million.
• Increase the level 2 threshold from $250 million to $327 million.