Want to know the difference between FMA and FSP driver's license in New Zealand? Is the FSP license a scratch?

The difference between New Zealand FMA license and New Zealand FSP license and its handling process

New Zealand's FMA trading license is the only market maker trading license recognized by New Zealand's Ministry of Interior.

New Zealand FMA, the full name of New Zealand Financial Market Authority, is the highest financial institution in New Zealand's foreign exchange industry.

The full name of New Zealand FSP is Financial Service Providers Register, which refers to an enterprise that has obtained financial service qualification in New Zealand and is allowed to engage in financial and related industries in New Zealand. At present, the pre-application review mechanism adopted by FSP in New Zealand is one of the most stringent mechanisms in the world, and different solutions have been formulated for possible disputes in the process of providing financial services, so FSP supervision enjoys an excellent reputation in the world. To engage in financial activities in New Zealand, whether it is the only business or the main business of the company, but involves the designated projects in the financial field, you need to apply for registration of New Zealand FSP.

The difference between New Zealand FMA license and New Zealand FSP license;

FMA is the New Zealand Financial Market Regulatory Authority 156, and the Foreign Exchange Bank of New Zealand 699 1 the highest financial institution 3780. According to the Financial Market Conduct Act and its subsidiary legislation changed on February 28th, 20th15th, all qualified foreign exchange dealers regulated by New Zealand must obtain the derivatives provider license authorized by FMA. Financial derivatives license information is displayed on the FSPR query page. Any legitimate broker providing derivative services will disclose information to investors, especially retail customers.

In short, a compliant foreign exchange trading platform in New Zealand must have an FMA regulatory license and a legal FSP registration statement, and FSP is also regulated by FMA.

Therefore, most foreign exchange institutions in China that claim to be regulated by FMA apply for FSP licenses, whose function is publicity. In fact, the license ability of which country is not the most important. If the platform is profitable for investors, it will not conduct false transactions and will not deceive investors. Of course, the biggest role of the license plate is compliance and publicity. The platform can apply for the corresponding license according to its own strength and demand.

FMA.jpg。

New Zealand FSP financial license can be applied to the following industries:

1. Bank

2. Insurance companies

3. Stock economy

4. Financial consultants (including financial planners)

5. Finance companies and lenders of any kind

6. Retailers who sell goods to the public by credit installment.

7. Fund management

8. Trustee of trust funds other than charitable or family trust funds.

9. Investment product management

10. Credit cards, barter cards, Taxicharge and a series of other payment institutions, including PAYPAL or other online payment systems.

1 1. Money changer

12. Foreign exchange dealers

New Zealand FSP application conditions:

1) New Zealand companies, individuals or overseas companies (jian is recommended to apply as a New Zealand company)

2) Having a physical office and staff in New Zealand;

3) Have at least one professional in this field and hold relevant books.

New Zealand FSP application process:

Register a New Zealand company;

1) Submit the filing application for financial services to the New Zealand Registry;

2) Improve the documents and provide the zhi certificate;

3) Accept spot checks and professional questions from the regulatory authorities;

4) Complete the application and get the official FSP number.

Advantages of applying for FSP

1. Investors can query the registration information and related service fields of relevant companies on the FSP website, which increases the transparency of financial companies and is conducive to information disclosure;

2. The New Zealand Asset Management Bureau can avoid the crime of financial washing before meals in accordance with international law;

3. Provide one-stop registration, supervision services and information disclosure for financial service enterprises.

In fact, FSP has also applied for foreign exchange supervision, but most FSP licenses in the market are economic service rights, which is equivalent to a registration number. Only when the business right is declared to enter or trade in exchanges, OTC markets or other services can a company show that it has foreign exchange rights.