Plain language law

New Zealand law explained for everyone

Financial Service Providers (Registration and Dispute Resolution) Act 2008

Registration

10: Registration and deregistration

You could also call this:

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

When you register under this Act, your registration stays active until you are deregistered. You can’t give your registration to someone else or have it automatically go to another person. The only way to be deregistered is when the Registrar writes in the official record that you are no longer registered. However, there is a special rule called section 22B that can temporarily stop your registration. This is known as suspension of registration.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on 16 April 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1109505.

Topics:

Business > Industry rules Money and consumer rights > Banking and loans

9: Purpose of this Part, or

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

11: Person in business of providing financial service must be registered and member of approved dispute resolution scheme, or

"Financial service businesses must register and join a special group to handle complaints"

Part 2 Registration

10Registration and deregistration

Registration under this Act continues until the registered person is deregistered.
Registration may not be transferred and may not vest by operation of law in any person other than the person registered under this Act.
A person is deregistered when the Registrar enters on the register that the person is deregistered.
This section is subject to section 22B (suspension of registration).

Notes

Section 10(4): inserted, on 15 March 2021, by section 68 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).