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Financial Markets Conduct Act 2013

Climate-related disclosures for certain FMC reporting entities with higher level of public accountability - Preparation of climate statements - Climate statements relating to registered schemes

461ZC: Climate statements for separate funds of registered schemes, etc

You could also call this:

"Managers of investment schemes must report on climate issues for each part of the scheme."

Illustration for Financial Markets Conduct Act 2013

If you are a manager of a registered scheme that has to report on climate issues, this section applies to you. You must make sure climate statements are completed for each part of the scheme within four months of the scheme's balance date. These statements must follow the climate-related disclosure framework and be signed by two of your directors.

You have to complete these climate statements for each separate part of the scheme and for the whole scheme if needed. The statements must be dated and signed by two of your directors, or one director if you only have one.

If you were not the manager of the scheme at the start of its accounting period, you only have to follow these rules if the previous manager had to report on climate issues for the scheme.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS775344.

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461ZB: Climate statements for overseas climate reporting entities, or

"Overseas companies must report on their New Zealand climate impact"

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461ZD: Application if manager of registered scheme changes and new manager is not large manager, or

"What happens if a new manager takes over a scheme and isn't a large manager"

Part 7AClimate-related disclosures for certain FMC reporting entities with higher level of public accountability
Preparation of climate statements: Climate statements relating to registered schemes

461ZCClimate statements for separate funds of registered schemes, etc

  1. This section applies to every manager of a registered scheme that is a climate reporting entity in respect of the scheme.

  2. The manager must ensure that, within 4 months after the balance date of the scheme, climate statements that comply with the climate-related disclosure framework are—

  3. completed in relation to each separate fund of the scheme and that balance date; and
    1. if any liabilities of the manager and the scheme are not limited to a separate fund, completed in relation to the scheme and that balance date; and
      1. dated and signed on behalf of the manager by 2 directors of the manager or, if the manager has only 1 director, by that director.

        1. However, if the manager was not the manager of the scheme at the start of the scheme’s accounting period, subsection (2) applies to the manager only if the manager of the scheme at the start of the scheme’s accounting period was a climate reporting entity in respect of the scheme.

        Notes
        • Section 461ZC: inserted, on , by section 8 of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021 (2021 No 39).