Financial Service Providers Register (FSPR): Who Qualifies and What You Get
Learn how to register on the FSPR to legally operate as a financial advisor in New Zealand.
The Financial Service Providers Register (FSPR) is a mandatory list for anyone offering financial services in New Zealand. Being on this register is a requirement for those who want to operate legally in the industry.
Who it's for
This register is for any person or entity that provides financial services. If your business involves offering financial advice or services, you likely need to be on this list.
What you get
By registering, you receive the legal authorization required to operate as a financial advisor. It serves as a formal record that you are a recognized provider in the industry.
What it costs you
There is an annual registration fee that must be paid to stay listed. Additionally, you must undergo a "fit-and-proper person check" to prove you meet the necessary standards to work in the sector.
The catch to know
It is important to understand that being on this register is not the same as being licensed. Registration and licensing are two distinct requirements, and you must ensure you have met both if they apply to your specific role.
How to apply
- Determine if your specific services require registration.
- Complete the required fit-and-proper person checks.
- Submit your application through the official portal.
- Pay the necessary registration fees.