| Final date for submissions | 5pm, Monday 12 May 2025 |
| Consultation document | Consultation paper: Proposed reporting, audit and assurance exemptions for schemes in wind-up |
| Submission form | Submission form: Proposed reporting, audit and assurance exemptions for schemes in wind-up |
| Email for submission | [email protected] |
We are considering a class exemption to provide relief from certain reporting, audit and assurance obligations under the Financial Markets Conduct Act 2013 and the Financial Markets Conduct Regulations 2014 for registered Managed Investment Schemes that are in wind-up.
During wind-up, a scheme's objectives and priorities shift. The cost of complying with some reporting, audit and assurance obligations may outweigh the benefits of compliance where the original purpose of the obligation will not be met (or will only be partially met).
With our proposals we are aiming to strike the right balance between reducing unnecessary compliance costs and promoting flexibility, while still providing timely, accurate, and understandable information for investors and ensuring appropriate governance arrangements apply.
Read the consultation paper and have your say by 5pm on Monday 12 May 2025 [PDF 466KB]
