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What is the definition of a Wholesale Investor?

It's important that we highlight these criteria as Tremain Capital is not a registered Financial Adviser, nor is it in the business of providing Retail Investment products.

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The term “wholesale investor” is defined in the Financial Markets Conduct Act 2013 (the Act). People sometimes refer to wholesale investors as "eligible investors" or "accredited investors". Please see the Act for original wording and more information.

If you meet the criteria for one or more of the categories below, you are considered to be a wholesale investor:

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  1. You're an "eligible investor" because you have sufficient knowledge and experience dealing in financial products that enables you to assess the merits and risks of the transaction. Eligible investors are required to certify that they are an eligible investor by completing the Tremain Capital Eligible Investor Certificate and having it certified by an independent lawyer, accountant, or financial adviser (unless you meet one of the other criteria below).

  2. Your net assets, combined with the assets of entities you control, exceeded $5 million for the 2 most recent financial years, or the total turnover of you and the entities you control exceeded $5 million for the 2 most recent financial years.

  3. You own, or at some time during the last 2 years have owned, a portfolio of "financial products" of a value of at least $1 million. Financial products include debt securities, equity securities, managed investment products, and derivatives.

  4. You have, during the last 2 years, carried out 1 or more transactions to acquire "financial products" where the amount payable under those transactions (in aggregate) is at least $1 million and the other parties to the transactions were not associated with you.

  5. Your principal business is investing in financial products.

  6. Your principal business is providing a financial adviser service in relation to financial products.

  7. You're in the business of trading in financial products on behalf of other people.

  8. Within the last 10 years you've been employed in an investment business and, for at least 2 years during that 10 year period, you participated in the investment decisions made by that investment business.

  9. You are a financial adviser in New Zealand and hold, or operate under, a Financial Advice Provider (FAP) licence.

  10. You're investing $750,000 or more into the company (or offer).

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