How to apply for a transitional licence

There are two steps:

1. Login to the FSPR and register your intention to apply for a transitional Financial Advice Provider licence.
• Read How to register correctly on the FSPR for instructions on how to do this.
2. Then apply for your transitional licence with the FMA here.
• Want to know what questions we’ll ask? Download our transitional licensing application guide or watch the video tutorial and get your answers ready.
• Find out more about what it means to hold a Financial Advice Provider licence in the new regime.

You don’t need to apply for a transitional licence.

However, from the start of the new regime, you must be registered on the FSPR and engaged by a licensed Financial Advice Provider (FAP) or authorised body.

If you're an Authorised Financial Adviser (AFA) or Registered Financial Adviser (RFA), the Companies Office will automatically transition you to the new category of "Financial Adviser" on the FSPR at the start of the new regimeon Monday 15 March 2021.

Once the new regime starts, you will need to:

• Check that the licensed Financial Advice Provider that has agreed to engage you, links to your registration on the FSPR to show this.
• They will have three months from the start of the new regime to do this or you will automatically be de-registered from the FSPR.
• More detail about how to do this will be released on the Companies Office website when available.
• Find out more about what it means to be a Financial Adviser in the new regime.

If you’re unsure how to operate in the new financial advice regime, Explore your options or contact us.