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Financial Markets Conduct Act 2013

Governance of financial products - Governance of managed investment products - Registration

133: Manager must ensure that ongoing registration requirements are complied with

You could also call this:

"Managers of investment schemes must keep following the rules to stay registered"

Illustration for Financial Markets Conduct Act 2013

If you are the manager of a registered scheme, you must make sure it keeps following the rules. The scheme must comply with the registration requirements under section 127 until all the investment products are cancelled or all the obligations are met. You also need to follow any extra rules that apply to your specific type of scheme under sections 128 to 132 if that is how it is registered.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091123.

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132: Additional prescribed registration requirements for other particular prescribed types of schemes, or

"Extra rules for some types of investment schemes"

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134: Changes to registration as particular type of registered scheme, or

"When a scheme's rules change, the FMA can help it become a different type or stop being one."

Part 4Governance of financial products
Governance of managed investment products: Registration

133Manager must ensure that ongoing registration requirements are complied with

  1. The manager of a registered scheme must ensure that, until all of the managed investment products in the scheme are cancelled, redeemed, or forfeited, or all of the obligations owing under those products have been discharged, the scheme—

  2. continues to comply with the registration requirements that apply to the scheme under section 127; and
    1. if it is registered as a particular type of scheme under sections 128 to 132, continues to comply with the additional registration requirements for that type of scheme that apply to it under those sections.