Registering a financial service provider (FSP)
- Preparing to register an FSP Before you apply to register as a financial service provider, you’ll need to make some key decisions and gather all the necessary information about yourself and your business.
- AML/CFT reporting entities Find out if you’re a ‘reporting entity’ with obligations under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009.
- Registering as an individual Find out how to apply as an individual to register a financial service provider (FSP) on the FSPR.
- Registering as an entity Find out how to apply as an entity to register a financial service provider (FSP) on the FSPR.
- Registering from overseas There are rules for registering a financial service provider from outside of New Zealand.
- Amending, withdrawing or discarding an application You can't withdraw an application after you've submitted it to us, but you can amend it beforehand.
- Criminal history checks During registration, or when you update your FSP's details, we may check your criminal history.
- Code of conduct The Code of Professional Conduct for Financial Advice Services sets standards of competence, conduct and client care.
- Requirements for financial advice providers and financial advisers Every financial adviser must be engaged by (or ‘linked to’) a licensed financial advice provider (FAP) within a specified timeframe.
Other help topics
Getting started on the register
Before you can register as a financial service provider, maintain your details, or use the register, there are a few things you need to know.
Dispute resolution schemes (DRSs)
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).
Providing licensed or certified services
You need to be licensed or certified to provide certain financial services. Find out who to apply to.
Filing an annual confirmation
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)
All FSPs must keep their details on the register up to date. We may deregister your FSP if you fail to meet your obligations.
Deregistration and reregistration
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
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
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.