Plain language law

New Zealand law explained for everyone

Financial Service Providers (Registration and Dispute Resolution) Act 2008

Registration

9: Purpose of this Part

You could also call this:

“This part explains why we keep a list of money helpers and make sure they follow the rules”

This part of the law wants to do three main things. First, it wants to create a public list of people and companies that provide financial services. This list is not optional - everyone who provides these services must be on it. The list helps you find information about these providers. It also helps the person in charge of the list and other rule-makers keep an eye on these providers.

Second, the law stops some people from being bosses or leaders of the companies on this list.

Third, the law makes sure New Zealand follows rules that many countries have agreed on about money and financial services.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1109504.

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"How to sign up and be removed from the list of financial service providers"

Part 2 Registration

9Purpose of this Part

  1. The purpose of this Part is to—

  2. establish a compulsory public register of financial service providers to enable—
    1. the public to access information about financial service providers; and
      1. the Registrar and other regulators to regulate financial service providers:
      2. prohibit certain people from being involved in the management or direction of registered financial service providers:
        1. conform with New Zealand’s obligations under the FATF Recommendations.