1. Compliance
  2. Licensing and registration
  3. Licensing forms and resources
  4. Managed investment scheme (MIS) manager

Managed investment scheme (MIS) manager

 

Before you start

Please read the following information and documents carefully as they contain all you need to know to complete and submit your application online. We have provided a two-part licensing application guide to help you fill out your application. You need to read both PART A and PART B.

MIS manager licence applications take time to get right, so get in early

Based on our experience with DIMS licensing, we expect your MIS application will involve at least some engagement with us before it is ready to be approved. Some applications will take longer than others and therefore require more input from us.

To ensure we can give you the right level of support, we strongly recommend you talk to your supervisor and to us about your application, before you submit it.

Make your application easier

We’re here to help you, but there are also some things you can do to ensure your application runs as smoothly as possible:

  • Review the licensing guides on our website (see below)
  • Set up your account on the Disclose Register early and get familiar with the system – you can create and discard test registrations for practice
  • Let us know when you intend to apply
  • Focus on the minimum standards – we will assess your business against them when processing your application
  • Work closely with your supervisor, as they can provide advice on how to address any gaps in your application
  • Contact us if you are unsure of how something in the guide applies to your business. 

You can contact us via email fmcapplications@fma.govt.nz or phone 0800 434 567.

Our assessments are tailored to your business

Our assessments are adapted to the unique aspects of your business, such as its size, nature and complexity. However, regardless of your business size or type, you must meet the legal requirements in the FMC Act and applicable regulations.

Where a particular standard does not seem relevant to your application, you will need to explain how you came to that view. You will also need to explain how you will meet the intent of that standard, and the summary statement for that particular category.

In limited cases, we will consider requests for an exemption from certain requirements of the Financial Markets Conduct Act.

Property and forestry investment schemes need a licence too

Businesses providing property investment schemes or property syndication funds, or forestry managed investment schemes, also need to get their licence application in as soon as possible.

While standard licensing and governance obligations apply for property investment schemes, we have recently granted exemptions from some compliance obligations. Find more information about these exemptions.

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 exemptions@fma.govt.nz

To begin the application process click hereIf you have any questions please call us on 0800 434 567.

 

PART A

This guide contains information about the licensing process and includes many FAQs you might have. It also explains how to:

  • use our online application form
  • create a RealMe identity, if you don't already have one
  • pay your licensing fee.

PART B

This guide contains all the specific questions you’ll be asked and the minimum standards you’ll need to show you meet. It also details the information and supporting documents you’ll need to provide when you submit your application.

Standard conditions

In your application you'll need to demonstrate how you can meet the minimum standards and conditions for your licence - or ask us for a limit or variation using the forms below. This is very important because when a licence is granted, they contain conditions that support your licensee obligations. They include conditions imposed by the FMC Act, the regulations, and any conditions imposed by the FMA.

Make your application easier

Before you apply there are some things you can do to ensure your application runs as smoothly as possible:

  • review the licensing guides on our website 
  • set up your RealMe login details early 
  • focus on the minimum standards – we will assess your business against them when processing your application
  • we’re here to help so please contact us if you have any questions either by email fmcapplications@fma.govt.nz or phone 0800 434 567.

Log in now to start your application

 

Licensing declarations and certificates
For applicants

SD1.0  Certificate of compliance and authority to apply (applicant or their authorised person)

SD1.1  Declaration by current/proposed director of licence applicant

SD1.2  Declaration by current/proposed senior manager of licence applicant

SD1.3  Curriculum vitae of management team member of licence applicant

SD1.4  Declaration  by Independent trustee (individual) -  a combined certificate and declaration

For related bodies of the applicant

SD2.1  Declaration by executive director of related body to licence applicant

SD2.2  Declaration by senior manager of related body to licence applicant

For relevant parties to the applicant

SD3.1  Declaration by director of relevant party to licence applicant

SD3.2  Declaration by senior manager of relevant party to licence applicant

SD3.3  Declaration by individual relevant party to licence applicant (such as owner)

Amendments and changes
 

For new directors, senior managers and/or key personnel by a licensee or an authorised body

This notification form must be completed and emailed to compliance@fma.govt.nz each time a director or senior manager is appointed or ceases to hold office.(Refer Financial Markets Conduct Regulations 2014 S. 191)

Notification of change of director, senior manager and/or key personnel by licensee or authorised body

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