Winding-up requirements for registered schemes

This guidance explains our interpretation of the law, to promote consistent market practices and ensure the requirements of section 212 (Initial steps in winding up of registered scheme) and section 213 (Winding-up report) of the Financial Markets Conduct Act 2013 (FMC Act) are met. 

Sections 212 and 213 of the FMC Act ensure investors and the FMA receive adequate information about a scheme’s assets and how those assets will be distributed, when a scheme is in wind-up. 

We encourage Supervisors and Managers to consider the matters set out in this guidance to ensure they comply with sections 212 and 213. 

Download the Guidance on winding-up requirements for registered schemes PDF