Participant details — Managed investment schemes

All scheme participants must first exist on another Companies Office register or directory

When registering a managed investment scheme, you need to provide the names of all relevant participants, and the Companies Office register or directory number that has been allocated to them. Participants may also need a particular Financial Service Provider (FSP) registration and be licensed by the Financial Markets Authority to provide certain market services.

Check participants are on a register or directory

You will need to provide the names of all relevant participants, or the number that has been allocated to them on the relevant Companies Office register or directory.

Most participants will be found on a Companies Office register and if not, will need to be recorded on the Disclose Other Participants directory.

This means your application to register a scheme automatically updates certain participant details which can be held in the following places:

Participant Source
Companies registered in New Zealand Companies Register
Other entity registered in New Zealand, such as a credit union or limited partnership Companies Office
Overseas Issuers, individuals, boards of trustees, partnerships and other participants Disclose Other Participants directory
Financial service providers Financial Service Providers Register

Participant details — Managed funds

Manager

The following information must be provided

  • Manager's name and number on a Companies Office register or the Other Participants directory.
  • Manager's financial service provider (FSP) number. The manager must hold the FSP registration for 'Manager of a registered scheme - licensed'.
  • Manager's email address so the Registrar can communicate directly with the manager (if you are a third party acting on behalf of a manager, this must be the manager's email address, not yours).

Supervisor

The following information must be provided:

  • Supervisor's name and number on a Companies Office register or the Other Participants directory.
  • Supervisor's FSP number. Supervisors must hold the FSP registration for 'Supervisor of a registered scheme'.
  • Supervisor's email address so the Registrar can communicate directly with the supervisor (if you are a third party acting on behalf of the manager, this must be the supervisor's email address, not yours).

A scheme can only have 1 supervisor.

Custodian

If a custodian exists, then its details must be provided. The following information must be provided:

  • Custodian's name and number on a Companies Office register or the Other Participants directory.
  • Custodian's FSP number. Custodians must hold the FSP registration for 'Custodian of a registered scheme'.

A scheme can have more than 1 custodian.

Independent trustee

An independent trustee is mandatory if the scheme is restricted. The following information must be provided:

  • Independent trustee's name and number on the Other Participants directory.
  • Independent trustee's FSP number. Independent trustees must hold the FSP registration for 'Independent trustee of restricted scheme'.

A scheme can only have 1 independent trustee.

Participant details — Other managed investment schemes

Manager

The following information must be provided:

  • Manager's name and registration number on a Companies Office register or the Other Participants directory.
  • Manager's financial service provider (FSP) number. The manager must hold the FSP registration for 'Manager of a registered scheme - licensed'.
  • Manager's email address so the Registrar can communicate directly with the manager (if you are a third party acting on behalf of a manager, this must be the manager's email address, not yours).

Supervisor

The following information must be provided:

  • Supervisor's name and number on a Companies Office register or the Other Participants directory.
  • Supervisor's FSP number. Supervisors must hold the FSP registration for 'Supervisor of a registered scheme'.
  • Supervisor's email address so the Registrar can communicate directly with the supervisor (if you are a third party acting on behalf of the manager, this must be the supervisor's email address, not yours).

A scheme can only have 1 supervisor.

Custodian

If a custodian exists, then its details must be provided.

  • Custodian's name and number on a Companies Office register or the Other Participants directory.
  • Custodian's FSP number. Custodians must hold the FSP registration for 'Custodian of a registered scheme'.

A scheme can have more than 1 custodian.

Adding a participant to the Disclose Other Participants directory

The Other Participants directory lists overseas issuers, individuals, boards of trustees, partnerships and other participants that do not exist on another Companies Office register.

If you have searched the directory and cannot find your participant listed there, you will need to add them to the Other Participants directory.

Search the Other Participants directory

Who can add a participant to the directory

To add a participant to the directory you must:

  • have a RealMe® login, and
  • be a registered user of your organisation's online account.

Add a participant to the directory

To add a participant to the directory, log in to your organisation's online account and follow these steps.

  1. In the main menu, select ‘Disclose’.
  2. From the drop-down menu select ‘Record Other Participant (Overseas Issuers, Boards of Trustees, Other)’.
  3. Complete the online form by entering your participant’s details.
  4. Select Submit to complete the form and add the participant to the directory.

The participant is now recorded on the Other Participants directory and you will see them listed in the Organisation Portfolio section of your Dashboard.

You can now add the participant to a scheme, maintain their details and provide financial statements if required.

If the other participant is the scheme manager, you will need to request authority to act on their behalf before you can register their scheme on the Disclose Register.

Updating a participant’s details

To update a participant’s details, log into your organisation’s online account and follow these steps.

  1. Under the Organisation portfolio section on the right side of your screen, search for and select the participant you want to update.
  2. In the page containing the participant details, open the ‘I want to…’ drop-down menu and select ‘Maintain other participant’.
  3. Make the required changes to your participant details.
  4. Review the updated participant details, then select Submit.