The Financial Service Providers Register was updated in March 2021 to support the Financial Services Legislation Amendment Act 2019. This new Act made significant changes to the way financial advice is regulated and delivered in New Zealand.
Lenders and mobile traders
Lenders providing consumer credit, and mobile traders selling on credit, will soon need to be certified by the Commerce Commission.
FAPs linking to financial advisers
Financial advisers need to be covered by a licensed Financial Advice Provider (FAP) licence. Find out how a FAP engages (links to) a financial adviser on the new FSPR.
To remain registered as an FSP, every year you must confirm your FSP's details and services. Find out how to file your confirmation on the new FSPR.