1. Compliance
  2. Consultation
  3. Consultation paper: Proposed exemption for restricted schemes from custodian assurance requirements

Consultation paper: Proposed exemption for restricted schemes from custodian assurance requirements

First published 8 August 2018 

Final date for submissions

5pm Friday 31 August 2018

(this consultation has concluded) 

Consultation document

Consultation paper: Proposed exemption for restricted schemes from custodian assurance requirements

Submission form

Feedback form 

E-mail for submission consultation@fma.govt.nz (please use the title of the consultation paper for the subject line)

We are considering if we should grant a class exemption for custodians of restricted MIS schemes so they will no longer have obtain an assurance engagement with a qualified auditor on the design and operational effectiveness of the custodian’s processes, procedures and controls. 

It is proposed that it will be a condition of the exemption that the scheme’s administration manager obtain an assurance engagement.

We seek your feedback on our proposals.

Please send your feedback to consultation@fma.govt.nz (please use the title of the consultation paper for the subject line).

Submissions close 5pm, Friday 31 August 2018.