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When you apply online to register as an FSP, you need to select all the services that you intend to provide soon after you're registered from a list that's part of the application form. After you're registered you must keep the list of services you provide up to date on the FSPR.
Services that FSPs must declare when they register come under Section 5 of the Financial Service Providers (Registration and Dispute Resolution) Act 2008. The legislation provides a list of the services.
You must be licensed by the Financial Markets Authority (FMA) or the Reserve Bank of New Zealand to provide some financial services. You can apply to register on the FSPR before you're licensed to provide those services, although they won't show on your registration until the FMA or Reserve Bank confirm that you're licensed.
We can't complete your registration on the FSPR before you're licensed, if your FSP:
The FMA licenses a range of financial services, and authorises financial advisers and Qualifying Financial Entities (QFEs).
You need to be licensed by the FMA to provide financial services — for example, if you're:
You apply to the FMA to become:
You apply for authorisation on the FSPR. The FMA then uses the FSPR to review your application.
You need to apply to the Reserve Bank of New Zealand to be: