New Zealand Legislation: Bills

15 Registration of financial service provider

• (1) If the Registrar accepts that an applicant is qualified to be registered as a financial service provider, the Registrar must—

  • (a) enter the following details on the register (as relevant to the provider):

    • (i) the name and business address of the provider:

    • (ii) the name and business address of the approved dispute resolution scheme of which the provider is a member:

    • (iii) if the provider is a licensed provider in relation to a particular licensed service, that fact and the name and business address of the licensing authority that licensed that provider:

    • (iv) any other information prescribed in regulations; and

  • (b) allocate a due date for the provider’s annual confirmation, notify the provider of that date, and notify that date on the register.

  (2) If the Registrar does not accept that an applicant is qualified to be registered as a financial service provider, the Registrar must notify the applicant and any relevant licensing authority of the Registrar’s decision.