FSP Application Requirements
FSP own premises and Staff
Advantages of New Zealand Financial Companies
NZ Financial Services Provider (FSP) Registration
Authorized Financial Activities
FSP Registration Relevant Requirements
New FMA Role
NZ Corporate Law – Local Director or Partner Now Required
What you Need to Register as FSP in NZ
FSP Requirements – own Premises and Staff
First of all, and in full compliance with FSPR and FMA, TBA will be available to help you to take initially care of the Company’s local premises in New Zealand.
TBA will be also very pleased to assist its own clients renting, leasing or buying their own offices, at any city in New Zealand, as per Client’s request.
At the same time, to help recruiting initial staff as may be necessary for the start of the operations in New Zealand market.
In terms of paperwork for further compliance, we shall need you to provide us:
Company Application Form to be filled and signed;
Organizational/structure chart showing board of directors, shareholders, list of senior persons (compliance officer, Money Laundering Reporting Officer and deputy) and other officers who will would be responsible for the day to day operations;
Business plan with 3-year projections giving details of proposed activities, types of customers, products and services to be offered (brokerage, CIS securities, underwriting, etc.);
An Internal Procedures Manual;
An Anti-Money Laundering & Compliance Procedures Manual;
Details of proposed membership with an Exchange, clearing and settlement facility, etc;
Details of procedures and systems to prevent conflicts of interest, terrorism and money laundering;
An indication as from where the company intends to operate;
Indication of the profile and location of the target clients of the company;
Details of the modus operandi of the company (mode of operation);
Confirmation whether the company will have a trading platform and details thereof;
Due diligence documents on directors, shareholders, all officers, beneficial owners, etc. as per below:
Officers’ due diligence, including CV’s stating qualifications, work history, experience/expertise in investment/securities management and present occupation. It should also include details of the source of the funds from the shareholder or beneficial owner only.
Should you have any question or matter to clarify before you take your decision, or need any technical support from our team, please just call one of our Consultants