FMCA and wholesale investors

The offers made on AngelEquity are governed by the Financial Markets Conduct Act 2013. The relevant sections are Schedule 1, Part 1, 3, to review, click here.

In order to comply with the Act, all AngelEquity investors will need to supply one of two certificates which can be found here. There are two types – Eligible Investor Certificate and Safe Harbour Certificate.

If you qualify as Eligible Investor under Clause 41, you will need to provide an Eligible Investor Certificate which is certified by a New Zealand FCA, Chartered Accountant or Lawyer.

If you qualify as Wholesale Investor under Clauses 37-40, you will need to provide a Safe Harbour Certificate.

It is an offence to give a certificate knowing that it is false or misleading in a material particular. The offence has a penalty of a fine not exceeding $50,000.