Plain language law

New Zealand law explained for everyone

Financial Service Providers (Registration and Dispute Resolution) Act 2008

Registration - Registration of financial service provider - Application for registration as financial service provider

15: Application to be registered as financial service provider

You could also call this:

“How to sign up as a money helper”

If you want to register as a financial service provider, you need to send an application to the Registrar. In your application, you must include your name and business address. You also need to say if you’re applying for a licensed service, and if so, which one.

If you’re applying under section 22C, you need to tell the Registrar if a financial advice provider has hired you to give regulated financial advice for them. If that’s the case, you need to provide their name and business address too.

Your application must be in the format the Registrar asks for. You need to confirm that you’re allowed to apply and haven’t been disqualified under section 14. You might also need to provide other information or documents if they’re required.

You’ll have to pay a fee or levy when you apply, if there is one.

If you’re applying for a licensed service, you need to include any extra information required by the licensing rules. However, the licensing authority and the Registrar might agree that you don’t need to provide this information.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1109513.

Topics:
Money and consumer rights > Banking and loans Business > Industry rules
Previous

14: Disqualified person, or

"Who can't be registered because of past actions or current situations"

Next

15A: Purpose of FMA's powers relating to registration, or

"The FMA can stop people from registering as financial providers if it might mislead others"

Part 2 Registration
Registration of financial service provider: Application for registration as financial service provider

15Application to be registered as financial service provider

  1. An application to be registered as a financial service provider must be made to the Registrar and—

  2. state the following (as relevant to the applicant):
    1. the name and business address of the applicant:
        1. whether the application relates to a licensed service, and if so, which particular licensed service; and
        2. if the applicant is applying to be registered under section 22C, state whether the applicant is engaged by a financial advice provider (B) to give regulated financial advice on B’s behalf and, if so, B’s name and business address; and
          1. be in the form (if any) required by the Registrar; and
            1. confirm that the applicant is not disqualified under section 14; and
              1. contain, or be accompanied by, any other prescribed information or documents; and
                1. be accompanied by the prescribed fee or levy (if any).

                  1. If the application relates to a licensed service, it must be accompanied by any information required, by or under the licensing enactment, to become a licensed provider, unless otherwise agreed by the relevant licensing authority and the Registrar.

                  Notes
                  • Section 15(1)(a)(ii): repealed, on , by section 14 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2014 (2014 No 34).
                  • Section 15(1)(ab): inserted, on , by section 74 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).
                  • Section 15(1)(e): amended, on , by section 14(1) of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).
                  • Section 15(2): amended, on , by section 91(3) of the Non-bank Deposit Takers Act 2013 (2013 No 104).
                  • Section 15(2): amended, on , by section 14(2) of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).