Investment Fund Market Guide - New Zealand
Key features (Register market)
Yes/No | Remarks | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus. |
Disclosure Requirements | Yes | Refer to Disclosure Requirements – Investment Funds – New Zealand. |
Restrictions on customer | Yes | Refer to Holding Restrictions – Investment Funds – New Zealand. |
Restrictions on settlement | No |
Remarks | |
Market type / link type (Settlement link) | Register market and CSD link |
Eligible fund types in CBL | Register market: Generic unlisted PIE CSD linka: ETFs only |
a. Please refer to the Market Link Guide – New Zealand for more details on funds on CSD link.
Eligible fund types in CBL
Register Market
Investment Funds
Pursuant to the law of New Zealand, investment funds are principally structured as companies or trusts. The terms “Investment Fund” or “Investment scheme” are commonly used in New Zealand and cover the various types of funds such as mutual or managed funds, private equity funds and hedge funds.
Generic Portfolio Investment Entities (PIE)
CBL only supports generic unlisted PIE funds. Foreign investment zero-rate and foreign investment variable-rate PIE funds are not eligible in CBL.
Refer to Market Taxation Guide – Investment Funds New Zealand for more details.
CSD link
(Please refer to the Market Link Guide – New Zealand for more information).
Exchange Traded Funds (ETFs) – Listed ETFs have the same settlement process as listed equities.