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Offering financial products in New Zealand and Australia under mutual recognition (MRSO)

 
Offering financial products in New Zealand and Australia under mutual recognition (MRSO)
December 2016
This is a joint guide produced in partnership with Australian Securities and Investments Commission (ASIC). It is for NZ and Australian issuers who offer financial products in both countries. This includes interests in managed or collective investment schemes. The guide explains what issuers have to do under the trans-Tasman mutual recognition scheme when making financial product offers in Australia and New Zealand.

Changes from the previous version include:
• deleting information on making MRSO offers under the former NZ Securities Act regime (No longer in effect from 30 November 2016 following the end of the transitional period)
• clarifying that Australian issuers can offer into NZ before the end of the exposure period in Australia (although the issuer must not accept an application for securities until the exposure period has ended) (see RG 190.37)
• clarifying that for an offer by a NZ issuer to be a 'recognised offer' in Australia there must be a disclosure document that is either a Product Disclosure Statement (PDS) or a limited disclosure document (see RG 190.14.)
Previous Versions

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