If you have a licence, you can ask the Financial Markets Authority (FMA) to change some of the conditions on your licence. You need to ask the FMA in the way they say you should. For example, you might want to change what services you can provide or who can provide them. You can ask the FMA to use their power under section 403(1)(b) to make these changes. When you ask, you must give the FMA the information they need to decide on your request.

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This page was last updated on 15 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091585.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rules

403: When FMA may impose permitted conditions, or

"When the Financial Markets Authority can add rules to a licence"

405: Procedure for variation of conditions, or

"How the FMA changes the rules for a licence holder"

Part 6Licensing and other regulation of market services
Issue of licences, conditions, and duration: Conditions of licence

404Licensee may apply for variation of conditions

A licensee may apply, in the manner that is specified by the FMA, for the FMA to exercise a power under section 403(1)(b) (for example, to vary a condition that imposes restrictions on the services that can be provided under the licence or to vary the authorised bodies or the market services or class of services that those bodies may provide).
A licensee must provide to the FMA the information that is required by the FMA to assist it in determining the application.