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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Registration - Register of financial service providers - Register established

28: Annual confirmation

You could also call this:

“You must tell the Registrar about your money business every year”

Every year, you need to send the Registrar information about your financial service provider business. This is called an annual confirmation. You must send it by a specific date.

The annual confirmation needs to include a few things. You might need to fill out a form if the Registrar asks for one. You may also need to pay a fee and a levy. You need to confirm that you’re allowed to be a financial service provider. You also need to include any other information or documents that are required.

If you don’t send your annual confirmation on time, the Registrar might think you’re not providing financial services anymore. If this happens, they might take steps to remove you from the register.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1109531.

Topics:
Business > Industry rules Money and consumer rights > Banking and loans
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"List of important details about financial service providers kept in an official record"

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"The person in charge must update the list of financial service providers when things change"

Part 2 Registration
Register of financial service providers: Register established

28Annual confirmation

  1. Each registered financial service provider must supply to the Registrar each year by the due date an annual confirmation of details relating to that provider.

  2. The annual confirmation must—

  3. be in the form (if any) required by the Registrar and be accompanied by the prescribed fee (if any) and any levy payable by the provider; and
    1. confirm that the provider is not disqualified under section 14; and
      1. contain, or be accompanied by, any other prescribed information or documents.

        1. If a registered financial service provider does not comply with subsection (1) by the due date, the Registrar may assume that the provider is no longer in the business of providing a financial service and sections 18 to 20 apply.

        Notes
        • Section 28(2)(a): amended, on , by section 21 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).