Plain language law

New Zealand law explained for everyone

Financial Markets Conduct Act 2013

Governance of financial products - Governance of managed investment products - Management of scheme

165: Changes to statement of investment policy and objectives

You could also call this:

"Notifying changes to a scheme's investment plan"

Illustration for Financial Markets Conduct Act 2013

If you are the manager of a registered scheme, you can change the statement of investment policy and objectives, but only after you give the supervisor written notice first. You need to tell the supervisor before you make any changes. This rule does not apply if the scheme you are managing does not have a supervisor.

You can find more information about changes to this law in the Regulatory Systems (Commercial Matters) Amendment Act 2017. The law was amended on 9 August 2017. This amendment was made by section 57 of the Act.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091161.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
Previous

164: Requirement for statement of investment policy and objectives, or

"Managers of investment schemes must have a plan that explains how they invest money and what rules they follow."

Next

166: Lodging of statement of investment policy and objectives and changes to statement, or

"Telling the Registrar about your investment plans and any changes to them"

Part 4Governance of financial products
Governance of managed investment products: Management of scheme

165Changes to statement of investment policy and objectives

  1. The manager of a registered scheme may amend or replace a statement of investment policy and objectives only after giving prior written notice to the supervisor.

  2. This section does not apply if the scheme does not have a supervisor.

Notes
  • Section 165(2): amended, on , by section 57 of the Regulatory Systems (Commercial Matters) Amendment Act 2017 (2017 No 12).