Schedule of fees and levies

What you need to pay and when

Fees are payable for some transactions on the Financial Service Providers Register (FSPR), and we also collect levies on behalf of the Financial Markets Authority (FMA). 

Financial service providers (FSPs) must pay fees to the Companies Office and levies to the FMA when they register, and also when they complete their annual confirmations.

Paying fees and levies

All fees and levies are in New Zealand dollars. You can pay in a number of ways.

Financial Markets Authority levies

All levies are listed in Schedule 2 of the Financial Markets Authority (Levies) Regulations 2012. These regulations were amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020, which came into force on 15 March 2021.

The information includes:

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

Refer to the legislation

Registration fees

The registration fees and levies shown below came into effect on 1 July 2020.

Service Total
excl GST
Total
incl GST
Application fee $300 $345
Criminal history check fee (per person) $35 $40.25
FMA levy $480 $552

Annual confirmation — Companies Office fee

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

Annual confirmation — FMA levies

All registered financial service providers (FSPs) must pay FMA levies when they file their annual confirmations. The levies you pay depend on the services you provide. 

If you belong to more than one class, you must pay the levy for each class.

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.

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 .

Related help guides

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

Total assets FMA 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

Licensed insurers

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

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

Annual GPR FMA 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

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 .

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

Total supervised interests FMA 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 Managed Investment Schemes come under Class 5 of the Financial Markets Authority (Levies) Regulations 2012 .

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

Total managed assets FMA 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

Providers of other financial services

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

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 service FMA 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

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

Discretionary Investment Management Services (DIMS)

DIMS retail providers come under Class 6A of the Financial Markets Authority (Levies) Regulations 2012 .

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

Funds under management FMA 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

Providers of a regulated client money or property service

Providers of a regulated client money or property service come under Class 6B of the Financial Markets Authority (Levies) Regulations 2012 .

Financial service
FMA levy
excl GST
FMA levy
incl GST
Providers of a regulated client money or property service $2,800 $3,220

Custodians

Custodians and persons providing custodial services come under Class 6C of the Financial Markets Authority (Levies) Regulations 2012 .

 Financial service
FMA levy
excl GST
FMA levy
incl GST
Registered FSPs that are custodians $9,100 $10,465

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

Crowd-funding and peer-to-peer lending services come under Class 6D of the Financial Markets Authority (Levies) Regulations 2012 .

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

Administrator of a financial benchmark

This service comes under Class 6E of the Financial Markets Authority (Levies) Regulations 2012 (as amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020). 

The levies shown below came into on 15 March 2021.

Financial service
FMA levy
excl GST
FMA levy
incl GST
Administrator of a financial benchmark $17,500 $20,125

Authorised bodies

Registered FSPs that are authorised bodies come under Class 6F of the Financial Markets Authority (Levies) Regulations 2012 (as amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020).

The levies shown below came into effect on 15 March 2021.

Financial service
FMA levy
excl GST
FMA levy
incl GST
Authorised body $660 $759 for each financial service

Financial advisers (FAs)

Financial advisers come under Class 6G of the Financial Markets Authority (Levies) Regulations 2012 (as amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020).

The levies shown below came into effect on 15 March 2021.

Financial service
FMA levy
excl GST
FMA levy
incl GST
Financial advisers $300 $345

Financial advice providers (FAPs)

Financial advice providers come under Class 6H of the Financial Markets Authority (Levies) Regulations 2012 (as amended by the Financial Markets Authority (Levies) Amendment Regulations (No 2) 2020).

The amount you pay also depends on the number of nominated representatives you have directly under you, or an authorised body operating under your licence.

The levies shown below came into effect on 15 March 2021.

Financial service
FMA levy
excl GST
FMA levy
incl GST
Licensed financial advice provider $260, plus $299, plus
  a. for each nominated representative who, at the date of the annual confirmation, is currently nominated by the licensed financial advice provider; and

$220

$253
  b. for each nominated representative who, at the date of the annual confirmation, is currently nominated by an authorised body to give financial advice under the licence held by the licensed financial advice provider *

$220

$253
  c. if the licensed financial advice provider gives regulated financial advice to its clients on its own account **

$880

$1,012

* Section 431T, Financial Markets Conduct Act 2013

** Section 431D(1)(b), Financial Markets Conduct Act 2013

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 6H listed above, then you come under Class 7 of the Financial Markets Authority (Levies) Regulations 2012 .

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

All help topics

Getting started on the register 4 guides

A new financial advice regime came into effect on 15 March 2021 which also brought about changes to the Financial Service Providers Register.

Registering a financial service provider (FSP) 9 guides

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).

Applying to provide licensed services 4 guides

Filing an annual confirmation 3 guides

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

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

Deregistration and reregistration 3 guides

You can voluntarily deregister a financial service provider (FSP), or it may be deregistered by the Registrar. In some circumstances you can object to a deregistration, or apply to have the FSP reregistered.

Paying fees and levies 3 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.

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.