Document background
The Fund Subscription Agreement is a critical document used when an investor seeks to participate in an investment fund in New Zealand. It serves as the primary contractual arrangement establishing the relationship between the fund manager/general partner and the subscriber/limited partner. The agreement must comply with New Zealand's regulatory framework, particularly the Financial Markets Conduct Act 2013 and AML/CFT requirements. It typically includes detailed subscription terms, investor eligibility criteria, payment mechanisms, representations and warranties, and closing conditions. The document is essential for both retail and wholesale fund offerings, though requirements vary based on investor classification. It forms part of the broader fund documentation suite and often references other key documents such as the Product Disclosure Statement or Information Memorandum.
