You can ask us to deregister your financial service provider (FSP) if you, or the entity you administer, are no longer providing, or able to offer, financial services.
What deregistration means
Once you’re deregistered, you can no longer offer financial services under that registration.
Requests for deregistration are made under Section 18(2), Financial Service Providers (Registration and Dispute Resolution) Act 2008 .
Who can request deregistration
As part of your request, you’ll be required to confirm with us your authority to act for the FSP, if:
- you're an employer requesting to deregister an individual FSP
- you're requesting to deregister an entity.
If you’re an individual FSP, and already have authority over your FSP, you do not need to provide confirmation.
If you provide licensed or certified services
Financial Markets Authority services
If you’re providing any financial service that is licensed, or awaiting licensing, by the Financial Markets Authority (FMA), you will need to contact them to request that those licensed services be cancelled, or any services awaiting licensing be withdrawn, before you can be deregistered.
Commerce Commission services
If you’re providing any financial service that is certified, or awaiting certification, by the Commerce Commission, you will need to contact them to request that those certified services be cancelled, and any services awaiting certification be withdrawn, before you can be deregistered.
Email address: email@example.com
Reserve Bank services
If you’re providing any financial service that is licensed, or awaiting licensing, by the Reserve Bank, please allow at least 5 working days’ notice when requesting deregistration of your FSP. This time is needed for us to advise the Reserve Bank of your proposed deregistration.
How to request deregistration
To request deregistration and removal from the register, please complete and submit our request form.
Request deregistration of an FSP
While you're not required to login to complete this request, you must still have the following:
- a RealMe® login
- an online services account with the FSPR
- authority to act for your FSP.
What happens next
We aim to process your request within 3 working days. If it’s accepted, we will:
- send you a notice of deregistration to tell you when we have deregistered your FSP, and
- place a public notice of deregistration against your FSP on the Financial Service Providers Register (FSPR) for a period of 20 working days.