Preparing to register a financial service provider (FSP)

Information you need to gather before you apply

You need to choose a registration process that matches your circumstances. Before you start an application, gather information about you or your business, and the services you're planning to provide.

The registration process

The process you follow to register as a financial service provider (FSP) depends on whether you're:

  • an individual
  • an NZ-registered entity — that is, a company or other entity registered with the Companies Office, or
  • another type of entity or body providing a financial service.

You must register before you offer financial services

You must complete your registration before you start providing financial services. If you provide services without a current registration or an exemption, you'll be in breach of Section 11 of the Act and could be fined or sent to prison.

If your FSP is intending to provide licensed services only, then you must be authorised to provide at least 1 of those services before we can complete your registration.

Before you register

Before you make an online application you must have an online services account for the FSPR.

If you apply as an individual

To complete your online application, you need to provide the following information:

  • your full legal name and any other names you're known by or have been known by previously
  • your date of birth and gender
  • your residential address
  • your business address — the physical address that you provide financial services from
  • any trading names you use, and
  • an address we can use for communication, including an email address.

You'll also need to know which financial services you'll provide.

When you've gathered all the information, find out how to complete your online application.

Authorised financial advisers (AFAs)

If you're applying at the same time to the Financial Markets Authority (FMA) to be an Authorised Financial Adviser (AFA) you need to prepare additional information.

If your business is already on a Companies Office register

Before you start your online application, you need to gather the following information.

Contacts and business details

You'll need to know:

  • your company or entity's name, Companies Office number or its New Zealand Business Number (NZBN) — you can find these by searching the Companies Register
  • any trading names you use
  • your business address — the physical address that you provide financial services from
  • an address we can use for communications, including an email address.

Financial services

You'll also need to know which financial services you'll provide.

Your directors and other personnel

For every director, controlling owner and senior manager of your entity, you must provide their:

  • full legal name and any other names they're known by or have been known by previously
  • date of birth and gender
  • residential address.

Controlling owner

A controlling owner of an FSP is the person, company or other entity who beneficially owns 50 per cent or more of the FSP. The controlling or beneficial owner is not always the registered owner.

The name of the controlling owner will not be made public on the FSPR. We only need this information so we can make sure they're not disqualified from being involved in your FSP.

Senior manager

A senior manager of an FSP holds a position that allows them to exercise significant influence over the management or administration of the FSP — for example, a chief executive or a chief financial officer. They can't be a director.

Making your application

When you've gathered all the information, find out how to complete your online application.

Applying to be a Qualifying Financial Entity (QFE)

If you're applying to the Financial Markets Authority (FMA) for your FSP to be approved as a QFE you also need to confirm that the FMA has previously reviewed your QFE's adviser business statement.

 

If you're not already on a Companies Office register and not applying as an individual

Before you start your online application, you need to gather the following information.

Contacts and business details

You'll need to know your entity's:

  • legal name
  • trading names, if applicable
  • country of origin and, if applicable, the registration or identification number in its home country
  • business address
  • an address for communication — you must provide at least 1 physical address in New Zealand we can use to contact you, and
  • an email address.

Financial services

You'll also need to know which financial services you'll provide.

Your directors and other personnel

You'll also need to provide for every director, controlling owner and senior manager of your entity, their:

  • full legal name and any aliases they use
  • date of birth and gender
  • residential address.

Controlling owner

A controlling owner of an FSP is the person, company or other entity who beneficially owns 50 per cent or more of the FSP. The controlling or beneficial owner is not always the registered owner.

The name of the controlling owner will not be made public on the FSPR. We only need this information so we can make sure they're not disqualified from being involved in your FSP.

Senior manager

A senior manager of an FSP holds a position that allows them to exercise significant influence over the management or administration of the FSP — for example, a chief executive or a chief financial officer. They can't be a director.

Making your application

When you've gathered all the information, find out how to complete your online application.

Applying to be a Qualifying Financial Entity (QFE)

If you're applying to the Financial Markets Authority (FMA) for your FSP to be approved as a QFE you also need to confirm that the FMA has previously reviewed your QFE's adviser business statement.

Before your registration is complete

As part of registration every individual FSP and anyone in the role of a director, senior manager or controlling owner of an FSP must undergo a criminal history check.

If you're offering services to retail clients, you must join an approved Dispute Resolution Scheme and enter your DRS membership details on the FSPR within 10 working days of registering your FSP. 

All help topics

Using the Financial Service Providers Register (FSPR) 4 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.

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) 4 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 7 guides