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) of the 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 services
If you’re providing financial service(s) licensed by the Financial Markets Authority (FMA) or the Reserve Bank, please give at least 5 working days’ notice when requesting deregistration your FSP. This time is needed for us to advise the FMA or 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 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 and email you the outcome. If it’s accepted, we will:
- email you to tell you when we have deregistered your FSP
- place a public notice of deregistration against your FSP on the Financial Service Providers Register (FSPR) for a period of 20 working days.