|Name of notice||Financial Markets Conduct (FNZ Group) Exemption Notice 2021|
|Gazette Notification Date||2021-06-30|
|Date In Force||2021-07-01|
|Act||Financial Markets Conduct Act 2013|
|Type||Individual Exemption Notice|
Summary: The exemptions in this notice allow FNZ Group (FNZ Limited and FNZ Custodians Limited), who act as client money and property service providers and custodians, to co-mingle firm money with the scheme property of self–select managed investment schemes, on conditions that reflect in general the permitted co-mingling regime for client money and property service providers set out in the Financial Markets Conduct Act 2013 (FMC Act). The exemptions are primarily required to allow FNZ Group to co-mingle client money and firm money under the FMC Act regime but also where it acts as a custodian for a self-select scheme under the FMC Act, which prohibits the co-mingling of firm money with scheme property.