FSP Registration
Recent Requirements

The requirements to obtain and maintain a New Zealand FSP have recently suffered substantial changes.

Concrete proof that the applicant:

  • Has the necessary and required professional experience in the financial area, more specifically in the activity they will be applying for;
  • Has the professional qualification in the financial area;
  • Has set up an office with local qualified employee(s) or legal physical representative;
  • Considers New Zealand based clients as the major target market to develop and carry out their financial activities;
  • Has its website fully compliant with the financial activities it has been granted for;
  • Has a trading platform set up, and marketing strategies are ready to go;
  • Subject to getting FSP registration, is ready, willing and able to commence business from NZ without delay;

We have directly accompanied all such changes, staying on its top, to grant your FSP entity is properly setup from the very beginning.

Our New Zealand FSP services include full compliance with the rules of the Companies Office and FMA and allows for a straightforward process in obtaining your New Zealand FSP Registration. We ensure successful registration and a continued compliance with all regulators on an ongoing basis.

New Zealand Local Director (Partner) Now Required

Last June 2014, Companies and Limited Partnerships Amendment Bill now creates the Companies Amendment Act (No 4) 2014 and the Limited Partnerships Amendment Act (No 2) 2014 which are about coming into force. Existing companies need now to comply with the requirement to have at least one director (or partner in the case of an LP) who is resident in New Zealand.

Other main changes to the Acts include (a) Directors’ personal information: directors and partners of limited partnerships will need to register the details of their date and place of birth with the Registrar; and (b) Ultimate holding company information: every company will need to disclose details of its ultimate holding company (if the company has one).

If the director lives in Australia and is a director of a company incorporated in Australia, the director will need to provide the details of an Australian company (i.e. – its name, registered office address and Australian Company Number (ACN)) that they are a director of.

All companies were required to start meeting these requirements on 28 October 2015.

We can certainly organize all these aspects for the client, reason why Atrium Legal Lab is one of the very few successful delivers of FSP registrations for overseas clients!

We have directly accompanied all such changes, staying on its top, to grant your FSP entity is properly setup from the very beginning.

Our New Zealand FSP services include full compliance with the rules of the Companies Office and FMA and allows for a straightforward process in obtaining your New Zealand FSP Registration. We ensure successful registration and a continued compliance with all regulators on an ongoing basis.