FSP
We work with our clients to apply & maintain their registration of Financial Service Providers. Financial service providers (FSP) must be registered on the Financial Service Providers Register in order to legally conduct a financial services business. This is in addition to any other licences or authorisations they may be required to hold under other laws.
Financial service providers include financial advisers, brokers, building societies, credit providers, credit unions, money changers, finance companies, foreign currency exchange dealers, fund managers, insurers, investment portfolio managers, issuers and registered banks.
Licenses
We work with our clients in making license applications to the Financial Markets Authority (FMA), NZX and the Reserve Bank. We will cooperate with our clients to understand their business and guide them through the applications to meet license requirements. Our aim is to not only assist our clients in obtaining the license and form up systems and procedures to ensure that they can maintain the license by meeting ongoing obligations.
Compliance
We work with our clients to help them comply with the regulation, so there is an improvement in overall behaviour and performance across the business. To establish a framework that encourages to quickly report and correct errors.
Our compliance strategy emphasises a 'top of the cliff' approach and focuses on lifting the standards of the businesses. We are seeking to foster a culture in the business, and proactively work to set appropriate inner standards. These will put in place a robust approach to managing and monitoring compliance.
NZX
NZX operates two equity markets: the Alternative Market (AX) and the Main Board (SX). Depending on the size, scope and life-stage of a company, one may prove more suitable for listing than the other. NZX intends to support both markets with increased marketing activities, to raise the profile of all companies to more New Zealand investors. Both markets have strict regulatory regimes that are designed to enhance investor confidence, balanced with the need to make raising public capital in New Zealand as cost-effective as possible.
