Financial Markets Conduct (Designation of Restricted Schemes) Amendment Order 2016
2016/250
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).
Schedule New items inserted in Schedule
|
Column 1 Name of scheme |
Column 2 Approved scheme number | Column 3 Legacy scheme | Column 4 Restricted legacy scheme | Column 5 Restricted employer-related scheme | Column 6 Workplace savings scheme | Column 7 Restricted workplace savings scheme | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fidelity Super-Super Plan, Number 3 | 1052 | ✓ | ||||||||||
| IRIS Super | 686 | ✓ | ||||||||||
| NZ Endeavour Fund | 1911 | ✓ | ||||||||||
| The Salvation Army Lay Workers Superannuation Plan | 8834 | ✓ | ✓ |
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.
Date of notification in Gazette: 27 October 2016.
This order is administered by the Ministry of Business, Innovation, and Employment.