Law changes for some financial service providers

When changes to the Credit Contracts and Consumer Finance Act (CCCFA) take effect on 1 July 2026:

• The Commerce Commission (the Commission) will no longer certify consumer lenders or mobile traders.
  • Up to 30 June 2026 continue to engage with the Commission on CCCFA matters.
• The Financial Markets Authority (FMA) will take over the role of regulating the CCCFA.

Consumer lenders must be licensed by the FMA

If you are currently certified, on 1 July 2026:

• you will be deemed to hold an FMA licence for the consumer credit service
• you will not need to apply, pay a fee or provide any licensing information, and
• the Financial Service Providers Register (FSPR) will be updated automatically.

If you are considering applying to be certified as a consumer lender, please contact the Commission as soon as possible.

Mobile traders must be registered on the FSPR to provide that service

If you are currently certified, on 1 July 2026:

• You will be deemed to be registered as a mobile trader.
• You will not need to apply, pay a fee or provide any additional information, and
• the Financial Service Providers Register (FSPR) will be updated automatically.

If you are considering applying to be certified as a mobile trader, please contact the Commission as soon as possible.

Learn more about these changes mean

The Commission and the FMA are working together and with us to ensure a seamless transfer. Both the Commission and the FMA will be contacting affected service providers as the transfer date gets closer.

Visit the Commission and FMA websites for detailed information about what these changes mean for consumer lenders and mobile traders.

Background information

The Credit Contracts and Consumer Finance Amendment Bill (the Bill) will amend the Credit Contracts and Consumer Finance Act 2003 (CCCFA). The Bill will make several changes, including those outlined above.