1. Compliance
  2. Peer-to-peer lending providers
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Peer-to-peer lending providers

Who needs to comply

Peer-to-peer lending is a type of financial market service covered by the FMC Act. Find out more about becoming a peer-to-peer lending service provider, including details on licencing. 

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Calendar

See upcoming events and key dates.

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Your obligations

Licensed peer-to-peer service providers have to meet and maintain certain minimum standards. Find out what these are.

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Licensed peer-to-peer lending services

See the current list of businesses who hold a licence to provide peer-to-peer lending services.

Visit 'lists and registers' section

Financial reporting

Under the Financial Markets Conduct Act 2013 there are financial reporting obligations for FMC reporting entities.

Visit 'financial reporting' section

Fair dealing

Read how the FMC Act provides for fair dealing in relation to financial products and services and sets out minimum compliance standards of behaviour for people operating in the financial markets.

Visit 'fair dealing' section

Completing your annual regulatory return

Every licensed peer-to-peer lending service provider is required to complete and submit a regulatory return annually. The return is a series of questions and licensees will need to submit their return to us by 31 August.  

Visit 'regulatory reporting' section

AML/CFT and you

The Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) 2009 and its Regulations place obligations on New Zealand’s financial institutions to detect and deter money laundering and terrorism financing. Find out how it affects you.

Visit 'AML/CFT' section

Fees and levies

Applicants must pay a fee when they either apply for a new licence for financial market services or apply to vary an existing licence. The relevant fees are set by the Ministry of Business, Innovation and Employment and outlined in the Financial Markets Conduct (Fees) Regulations 2014. Review the full list of fees.

Visit 'fees and levies' section
 

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Latest Consultations

Consultation paper: KiwiSaver advice

8 March 2017

We are seeking feedback on our KiwiSaver advice guidance note.

This guidance note is for providers advising on KiwiSaver products and will replace our 2012 Guidance Note: Sale and Distribution of KiwiSaver. We are replacing this guidance to recognise feedback that our 2012 approach resulted in some people not getting the help they needed, as firms saw it as risky to provide advice. This revised guidance is intended to change that situation, by encouraging advisers and financial firms to help people make good decisions about KiwiSaver.