FMA is planning to consult on a draft class exemption for firms making initial public offers (IPOs) in June this year. In the meantime it is seeking feedback on various questions it has in relation to the draft exemption prior to the release of the formal consultation.
The proposed class exemption is to be based on specific FMA exemptions granted for two recent IPOs, namely Genesis Energy Limited and Intueri Education Group. Those two exemptions included , among other things, exemptions for form and content of the investment statements.
Submissions close on 27 May 2014. Click here for further details