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

The fees and levies shown below are effective from 1 July 2020.

ServiceTotal
excl GST		Total
incl GST
Application fee $300.00 $345.00
Criminal history check fee (per person) $35.00 $40.25
FMA levy $480.00 $552.00

Who must register as an FSP

Authorisation fees

We collect the fees on behalf of the FMA.

When you apply to be:Total
excl GST		Total
incl GST
an Authorised Financial Adviser (AFA) $995.56 $1,144.89
a Qualifying Financial Entity (QFE) $4,248.89 $4,886.22

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

 Companies Office fee
excl GST		Companies Office fee
incl GST
Annual confirmation $75.00 $86.25

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 one 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.

The levies shown below are effective from 1 July 2020.

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.

The levies shown below are effective from 1 July 2020.

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

Total assetsFMA levy
excl GST		FMA levy
incl GST
Exceed $50 billion $900,000 $1,035,000
Exceed $10 billion but not $50 billion $240,000 $276,000
Exceed $2 billion but not $10 billion $72,600 $83,490
Exceed $1 billion but not $2 billion $37,000 $42,550
Exceed $500 million but not $1 billion $13,300 $15,295
Exceed $40 million but not $500 million $8,400 $9,660
Not more than $40 million $2,500 $2,875

If your FSP is a member of a group

If your FSP is a member of a group, you only need to pay one 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).

The levies shown below are effective from 1 July 2020.

Annual GPRFMA levy
excl GST		FMA levy
incl GST
Exceed $500 million $300,000 $345,000
Exceed $100 million but not $500 million $70,000 $80,500
Exceed $50 million but not $100 million $41,000 $47,150
Exceed $10 million but not $50 million $16,000 $18,400
Not more than $10 million $4,200 $4,830

If your FSP is a member of a group

If your FSP is a member of a group, you only need to pay one 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.

The levies shown below are effective from 1 July 2020.

Total supervised interestsFMA levy
excl GST		FMA levy
incl GST
Exceed $5 billion $200,000 $230,000
Exceed $1 billion but not $5 billion $90,000 $103,500
Exceed $100 million but not $1 billion $35,000 $40,250
Not more than $100 million $9,200 $10,580

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.

The levies shown below are effective from 1 July 2020.

Total managed assetsFMA levy
excl GST		FMA levy
incl GST
Exceed $10 billion $460,000 $529,000
Exceed $5 billion but not $10 billion $320,000 $368,000
Exceed $2 billion but not $5 billion $160,000 $184,000
Exceed $1 billion but not $2 billion $100,000 $115,000
Exceed $500 million but not $1 billion $58,000 $66,700
Exceed $100 million but not $500 million $26,500 $30,475
Exceed $20 million but not $100 million $7,200 $8,280
$1 but not more than $20 million $1,700 $1,955

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.

The levies shown below are effective from 1 July 2020.

Financial serviceFMA levy
excl GST		FMA levy
incl GST
Trading activities on licensed markets provided by entities rather than individuals $6,600 $7,590
Contributory mortgage brokers $2,700 $3,105
Trading financial products or foreign exchange on behalf of other people (other than people included in class 6A, 6B, 6C or 6D) $8,000 $9,200
Derivatives issuers $13,500 $15,525
Authorised Financial Advisers (AFAs) $380 $437

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 one 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

The levies shown below are effective from 1 July 2020.

Funds under managementFMA levy
excl GST		FMA levy
incl GST
Exceed $2 billion $57,000 $65,550
Exceed $500 million but not $2 billion $24,000 $27,600
Exceed $100 million but not $500 million $8,100 $9,315
Exceed $50 million but not $100 million $3,900 $4,485
Not more than $50 million $1,600 $1,840

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.

The levies shown below are effective from 1 July 2020.

 FMA levy
excl GST		FMA levy
incl GST
Registered FSPs that are brokers $2,800 $3,220
Registered FSPs that are custodians $9,100 $10,465

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 levies shown below are effective from 1 July 2020.

Service
FMA levy
excl GST		FMA levy
incl GST
Crowd-funding services and peer-to-peer lending services $2,900 $3,335

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.​

The levies shown below are effective from 1 July 2020.

 FMA levy
excl GST		FMA levy
incl GST
FSP under Class 7 of the regulations $540 $621

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