Schedule of fees and levies

The fees and levies financial service providers (FSPs) pay

You pay fees for completing some transactions on the Financial Service Providers Register (FSPR) and we collect levies on behalf of the Financial Markets Authority (FMA). All financial service providers (FSPs) must pay fees to the Companies Office and levies to the Financial Markets Authority (FMA) when they register and when they complete their annual confirmation.

Paying fees and levies

All fees and levies are in New Zealand dollars. You can choose from a number of payment options.

Managing payments on the FSPR

All levies are listed in Schedule 2 of the Financial Markets Authority (Levies) Regulations 2012 and include:

  • the types or classes of service provider — your class determines the levy you pay
  • the levies that apply to each class, and
  • which government agency collects the levies.

Financial Markets Authority (Levies) Amendment Regulations 2017 — Schedule 2 New Zealand Legislation

Financial Markets Authority (Levies) Regulations 2012 New Zealand Legislation

Registration fees

ServiceTotal excl GSTTotal incl GST
Application fee $300 $345
Criminal history check fee (per person) $35 $40.25
FMA levy $460 $529

Who must register as an FSP

Authorisation fees

We collect the fees on behalf of the FMA when you apply to be:

  • an Authorised Financial Adviser (AFA) — the fee is $995.56 (plus GST)
  • a Qualifying Financial Entity (QFE) — the fee is $4248.89 (plus GST).

These fees don't include assessment or examination fees for financial advisers charged by The Skills Organisation Incorporated, Delegated Assessment Organisations (DAOs) or other training providers.

Applying to be an AFA

Annual confirmation — Companies Office fee

The Annual confirmation fee is $75 (plus GST).

How to file an annual confirmation

Annual confirmation — FMA levies

All registered Financial Service Providers (FSPs) must pay FMA levies as part of their annual confirmation. The levies you pay depend on the services you provide.

Some exemptions apply. In some classes 1 member of a group of companies pays the levy for that class on behalf of the whole group. Check the notes to each class to find out where exemptions or group provisions apply.

Registered banks and non-bank deposit takers (NBDTs)

Registered banks and non-bank deposit takers come under Class 2 of the Financial Markets Authority (Levies) Regulations 2012.

Applying to be an NBDT

Applying to register as a bank

The amount you pay depends on the total assets of your bank or NBDT.

Financial Markets Authority (Levies) Regulations 2012 — Regulation 4 New Zealand Legislation

Total assetsFMA levy excl GSTFMA levy incl GST
Exceed $50 billion $535,000 $615,250
Exceed $10 billion but not $50 billion $130,000 $149,500
Exceed $2 billion but not $10 billion $38,000 $43,700
Exceed $1 billion but not $2 billion $22,000 $25,300
Exceed $500 million but not $1 billion $10,500 $12,075
Exceed $40 million but not $500 million $7,700 $8,855
Not more than $40 million $2,400 $2,760

If your FSP is a member of a group

If your FSP is a member of a group, you only need to pay 1 levy in this class for the group. A member of the group pays the levy on behalf of the other members. Each non-paying member of a group must supply the FSP registration number of the paying member when they complete their annual confirmation.

The Regulations give further information.

Financial Markets Authority (Levies) Regulations 2012 — Regulation 12 New Zealand Legislation

Licensed insurers

Licensed insurers come under Class 3 of the Financial Markets Authority (Levies) Regulations 2012.

Applying to be a licensed insurer

The amount you pay depends on your annual gross revenue from premiums (GPR).

Annual GPRFMA levy excl GSTFMA levy incl GST
Exceed $500 million $150,000 $172,500
Exceed $100 million but not $500 million $38,000 $43,700
Exceed $50 million but not $100 million $24,000 $27,600
Exceed $10 million but not $50 million $11,000 $12,650
Not more than $10 million $2,200 $2,530

If your FSP is a member of a group

If your FSP is a member of a group, you only need to pay 1 levy in this class for the group. A member of the group pays the levy on behalf of the other members. Each non-paying member of a group must supply the FSP registration number of the paying member when they complete their annual confirmation.

Regulation 5 defines GPR and Regulation 12 offers further information about exemptions.

Financial Markets Authority (Levies) Regulations 2012 — Regulation 5

Financial Markets Authority (Levies) Regulations 2012 — Regulation 12

Licensed supervisors

Licensed supervisors — that is, supervisors of debt securities and managed investment products — come under Class 4 of the Financial Markets Authority (Levies) Regulations 2012.

Licensed supervisors Financial Markets Authority

The amount you pay depends on the value of your total supervised interests.

Total supervised interestsFMA levy excl GSTFMA levy incl GST
Exceed $5 billion $138,000 $158,700
Exceed $1 billion but not $5 billion $76,000 $87,400
Exceed $100 million but not $1 billion $26,000 $29,900
Not more than $100 million $6,400 $7,360

Managers of Managed Investment Schemes (MIS)

Managers of MISs come under Class 5 of the Financial Markets Authority (Levies) Regulations 2012.

Applying to provide licensed market services

The amount you pay depends on the value of the assets you manage.

Total managed assetsFMA levy excl GSTFMA levy incl GST
Exceed $10 billion $380,000 $437,000
Exceed $5 billion but not $10 billion $270,000 $310,500
Exceed $2 billion but not $5 billion $120,000 $138,000
Exceed $1 billion but not $2 billion $80,000 $92,000
Exceed $500 million but not $1 billion $45,000 $51,750
Exceed $100 million but not $500 million $25,000 $28,750
Exceed $20 million but not $100 million $6,400 $7360
$1 but not more than $20 million $1,400 $1,610

Financial Markets Authority (Levies) Regulations 2012 — Regulation 7 New Zealand

Providers of other financial services

The regulations describe under Class 6 who must pay FMA levies and the services they pay for.

Applying to provide licensed market services

When you pay your levy, select all the options that apply to your services. You pay only for the service that attracts the highest levy.

Financial serviceFMA levy excl GSTFMA levy incl GST
Trading activities on licensed markets provided by entities rather than individuals $4,500 $5,175
Contributory mortgage brokers $1,800 $2,070
Trading financial products or foreign exchange on behalf of other people (other than people included in class 6A, 6B, 6C or 6D) $5,300 $6,095
Derivatives issuers $9,600 $11,040
Authorised Financial Advisers (AFAs) $330 $379.50

If you're unsure which services apply to your FSP, check the regulations.

Financial Markets Authority (Levies) Regulations 2012 New Zealand Legislation

Discretionary Investment Management Services (DIMS)

DIMS retail providers come under Class 6A in the regulations.

Applying to provide licensed market services

If your FSP is a member of a group

If your FSP is a member of a group, you only need to pay 1 levy in this class for the group. A member of the group pays the levy on behalf of the other members. Each non-paying member of a group must supply the FSP registration number of the paying member when they complete their annual confirmation. Regulation 12 provides more information.

Financial Markets Authority (Levies) Regulations 2012 — Regulation 12 New Zealand Legislation

The amount you pay depends on the value of the funds you manage.

Financial Markets Authority (Levies) Regulations 2012 — Regulation 7A New Zealand Legislation

Funds under managementFMA levy excl GSTFMA levy incl GST
Exceed $2 billion $36,000 $41,400
Exceed $500 million but not $2 billion $14,000 $16,100
Exceed $100 million but not $500 million $4,800 $5,520
Exceed $50 million but not $100 million $2,400 $2,760
Not more than $50 million $950 $1,091.99

Brokers and custodians

Brokers come under Class 6B in the regulations. Custodians come under Class 6C.

When you pay your levy, select all the options that apply. You pay only for the service that attracts the highest levy.

Registered FSPs that are brokers pay an FMA levy of $1800 (plus GST).

Registered FSPs that are custodians pay an FMA levy of $6300 (plus GST).

Brokers and custodians Financial Markets Authority

Helplines and offices Financial Markets Authority

Crowd-funding services and peer-to-peer lending services

Crowd-funding and peer-to-peer lending services come under Class 6D in the regulations.

The FMA levy for these services is $2600 (plus GST).

Applying to provide licensed market services

If the financial service you're registered for is not listed

If your FSP doesn't belong to any of the classes from 2 to 6D listed above, then you come under Class 7 of the regulations.​

You pay a levy of $460 (plus GST).

All help topics

Using the Financial Service Providers Register (FSPR) 5 guides

Get help to search the FSPR, upload documents, set up your online services account and find out what to do if you forget your RealMe® username or password.

Registering a financial service provider (FSP) 11 guides

You can apply online to be a registered FSP. The process depends on what kind of FSP you are — an individual, an entity already registered with the Companies Office, or another entity or body.

Dispute Resolution Schemes (DRSs) 2 guides

If you provide financial services to retail clients, you must join a DRS within 10 working days of registering and keep your membership details up to date on the Financial Service Providers Register (FSPR).

Paying fees and levies 2 guides

If you're a financial service provider (FSP), you pay fees for some transactions, including registration. You also pay levies to the Financial Markets Authority (FMA). There are several ways to pay.

Applying to provide licensed services 6 guides

You can apply to become an authorised financial adviser (AFA) or Qualifying Financial Entity (QFE), or be licensed to provide other financial services. Find out who to apply to.

Filing an annual confirmation 3 guides

To remain registered as a financial service provider (FSP), every year you must confirm your FSP's details and services. Find out how to file your confirmation online or change the month you do it.

Managing your registration as a financial service provider (FSP) 6 guides

All FSPs must keep their details up to date. We may deregister your FSP if you don't comply, but you can reregister in some circumstances. You can also deregister voluntarily.

Managing your online services account 6 guides

Your FSPR online services account allows you to keep your FSP's contact and payment details up to date. From your account dashboard you can view and manage outstanding applications and tasks.