How to apply for a full licence

IMPORTANT NOTICE: We are now accepting applications for full licences. Target application dates have now been set for FAP full licences. If you hold a transitional licence this may affect you.

Read  more about target dates in our media release.

To help you prepare, download our FAP full licence application kit or watch the video tutorial.

Here’s an overview of the steps you need to take:

Before you apply

• You’ll need to decide whether you want to apply for a Class 1, Class 2 or Class 3 FAP full licence.
• Explore your full licence options to see which licence class is right for you.

At least 24 hours before you apply

• Login to the FSPR on the Companies Office website and select the “Financial advice provider – licensee – full licence” service.

Once you’ve chosen the licence class you want to apply for, get your answers ready:

• See the questions for a Class 1 licence application
• See the questions for a Class 2 licence application
• See the questions for a Class 3 licence application

Ready to apply?

• Login to the FMA licensing portal and apply for your full licence.

You don’t have to complete your licence application in one sitting. Complete what you can, then save a draft, and return to it when you’re ready.

Costs

The cost of a full licence and ongoing annual levies will vary based on how you choose to operate in the new regime. 

For more information on fees and levies, see MBIE’s website.

Useful links

• Find out who needs a licence to provide financial advice
• What it means to be a Financial Advice Provider
• What it means to be a Financial Adviser
• Frequently asked questions
• Quick link to the FMA licensing portal