10 March 2025

Financial Markets Conduct (Overseas Providers of Custodial Services-Assurance Engagement) Exemption Notice 2025

Name of Notice	Financial Markets Conduct (Overseas Providers of Custodial Services-Assurance Engagement) Exemption Notice 2025
Gazette Notification Date	2025-03-07
Date In Force	2025-03-14
LI Number	2025/26
SL Number	N/A
Act	Financial Markets Conduct
Type	Class Exemption
Expiry Date	2030-03-13

This notice provides exemptions for certain overseas providers of custodial services from getting an assurance engagement with a New Zealand auditor that complies with certain requirements in the Financial Markets Conduct Regulations 2014 (FMC Regulations). Assurance engagements can instead be obtained with licensed or registered auditors from Australia, Canada, France, Luxembourg, the United Kingdom, Netherlands, Switzerland or the United States of America for custodians based in those jurisdictions, and can comply with overseas requirements.

Read the Financial Markets Conduct (Overseas Providers of Custodial Services-Assurance Engagement) Exemption Notice 2025