Deregistering a financial service provider (FSP) voluntarily

Who can request it – and how to do it

You can ask us to deregister your financial service provider (FSP) if you, or the entity you administer, are no longer providing, or able to offer, financial services.

What deregistration means

Once you’re deregistered, you can no longer offer financial services under that registration.

Requests for deregistration are made under Section 18(2), Financial Service Providers (Registration and Dispute Resolution) Act 2008 .

Who can request deregistration

As part of your request, you’ll be required to confirm with us your authority to act for the FSP, if:

  • you're an employer requesting to deregister an individual FSP
  • you're requesting to deregister an entity.

If you’re an individual FSP, and already have authority over your FSP, you do not need to provide confirmation.

If you provide licensed or certified services

Financial Markets Authority services

If you’re providing any financial service that is licensed, or awaiting licensing, by the Financial Markets Authority (FMA), you will need to contact them to request that those licensed services be cancelled, or any services awaiting licensing be withdrawn, before you can be deregistered.

Commerce Commission services

If you’re providing any financial service that is certified, or awaiting certification, by the Commerce Commission, you will need to contact them to request that those certified services be cancelled, and any services awaiting certification be withdrawn, before you can be deregistered.

Email address: certification@comcom.govt.nz

Reserve Bank services

If you’re providing any financial service that is licensed, or awaiting licensing, by the Reserve Bank, please allow at least 5 working days’ notice when requesting deregistration of your FSP. This time is needed for us to advise the Reserve Bank of your proposed deregistration.

How to request deregistration

To request deregistration and removal from the register, please complete and submit our request form.
Request deregistration of an FSP

While you're not required to login to complete this request, you must still have the following:

  • a RealMe® login
  • an online services account with the FSPR
  • authority to act for your FSP.

What happens next

We aim to process your request within 3 working days. If it’s accepted, we will:

  • send you a notice of deregistration to tell you when we have deregistered your FSP, and
  • place a public notice of deregistration against your FSP on the Financial Service Providers Register (FSPR) for a period of 20 working days.

News and notices

All help topics

Getting started on the register 4 guides

A new financial advice regime came into effect on 15 March 2021 which also brought about changes to the Financial Service Providers Register.

Registering a financial service provider (FSP) 9 guides

Dispute resolution schemes (DRSs) 2 guides

If you provide financial services to retail clients, you must join a DRS within 10 working days of registering and keep your membership details up to date on the Financial Service Providers Register (FSPR).

Providing licensed or certified services 5 guides

Filing an annual confirmation 3 guides

To remain registered as a financial service provider (FSP) you must confirm your FSP's details and services each year. Find out how to file your confirmation online, or to change the month you do it

Managing your registration as a financial service provider (FSP) 6 guides

Deregistration and reregistration 3 guides

You can voluntarily deregister a financial service provider (FSP), or it may be deregistered by the Registrar. In some circumstances you can object to a deregistration, or apply to have the FSP reregistered.

Paying fees and levies 3 guides

If you're a financial service provider (FSP), you pay fees for some transactions, including registration. You also pay levies to the Financial Markets Authority (FMA). There are several ways to pay.

Managing your online services account 6 guides

Your FSPR online services account allows you to keep your FSP's contact and payment details up to date. From your account dashboard you can view and manage outstanding applications and tasks.