Please read these documents carefully as they contain all the information you need to know so you can complete and submit your application online. See section 388 of the FMC Act for definitions of what is a financial product and who is derivative issuer.
This guide contains information about the licensing process and includes many FAQs you might have. It also explains how to:
This guide contains all the specific questions you’ll be asked and the minimum standards you’ll need to show you meet. It also details the information and supporting documents you’ll need to provide when you submit your application.
In your application you'll need to demonstrate how you can meet the minimum standards and conditions for your licence - or ask us for a limit or variation using the forms below. This is very important because when a licence is granted, they contain conditions that support your licensee obligations. They include conditions imposed by the FMC Act, the regulations, and any conditions imposed by the FMA.
Before you apply there are some things you can do to ensure your application runs as smoothly as possible:
Licensing declarations and certificates
|For related bodies of the applicant|
|For relevant parties to the applicant|
Amendments and changes
Notification required by FMC Regulations
For changes to directors or senior managers of a licensee and/or key personnel of an authorised body
This notification form must be completed and emailed to firstname.lastname@example.org.
Notification required by licensing standard conditions
To notify us of a change in your key people and managers as required by the licensing standard conditions, please send an email to email@example.com outlining what the changes are and the qualifications and experience of the new or replacement personnel, e.g. attach their c.v.Note that this is a standard condition for the following licence types: DIMS, crowd funding, independent trustee (for corporates), MIS and peer- to-peer lending.
A regulated offer includes any offer of derivatives when disclosure must be made to one or more investors, for example, because an investor is a retail investor. See section 41.
You will need a licence if you want to make a regulated offer of derivatives, as defined in the Act.
You will also need a licence if you are making a regulated offer to NZ residents.
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