Financial Markets Conduct (Designation of Restricted Schemes) Amendment Order 2016

2016/250

Coat of Arms of New Zealand

Financial Markets Conduct (Designation of Restricted Schemes) Amendment Order 2016

Patsy Reddy, Governor-General

Order in Council

At Wellington this 25th day of October 2016

Present:
Her Excellency the Governor-General in Council

This order is made under clause 23(2) of Schedule 4 of the Financial Markets Conduct Act 2013 on the advice and with the consent of the Executive Council and on the advice of the Minister of Commerce and Consumer Affairs given in accordance with a recommendation of the Financial Markets Authority.

Order

1 Title

This order is the Financial Markets Conduct (Designation of Restricted Schemes) Amendment Order 2016.

2 Commencement

This order comes into force on 28 October 2016.

3 Principal order

This order amends the Financial Markets Conduct (Designation of Restricted Schemes) Order 2016 (the principal order).

4 Schedule amended

(1)

In the Schedule, revoke the items relating to Fidelity Super-Super Plan, Number 3 and NZ Endeavour Fund.

(2)

In the Schedule, insert in their appropriate alphabetical order the items set out in the Schedule of this order.

Schedule New items inserted in Schedule

cl 4

Column 1
Name of scheme		Column 2 Approved scheme numberColumn 3 Legacy schemeColumn 4 Restricted legacy schemeColumn 5 Restricted employer-related schemeColumn 6 Workplace savings schemeColumn 7 Restricted workplace savings scheme
Fidelity Super-Super Plan, Number 31052✓
IRIS Super686✓
NZ Endeavour Fund1911✓
The Salvation Army Lay Workers Superannuation Plan8834✓✓

Michael Webster,
Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order, which comes into force on 28 October 2016, amends the Financial Markets Conduct (Designation of Restricted Schemes) Order 2016 (the principal order).

The principal order designates a number of managed investment schemes to each be a particular type of scheme. This order adds designations for 2 further schemes in the Schedule of the principal order. This order also makes amendments to 2 of the designations in the Schedule of the principal order (by revoking the original scheme entry and re-inserting the scheme with a different designation).

The designations are made on the basis that the provider of each scheme has requested the designation, and on the basis that each scheme meets the requirements of sections 129 to 131 of the Financial Markets Conduct Act 2013.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 27 October 2016.

This order is administered by the Ministry of Business, Innovation, and Employment.