On this page
To become an AFA you need to meet eligibility requirements, including minimum competence requirements and good character.
Before applying to become authorised, you need to:
Once you have completed the steps above, you can apply for authorisation online at the FSPR.
Before beginning your application, please read the financial adviser authorisation guide and related resources listed below.
After you have been authorised, you may apply to change the period, or the terms and conditions of your authorisation, or the FAS scopes you have been authorised for.
You can apply to renew your authorisation from up to 6 weeks before your expiry date, but no later than your authorisation expiry date.
To apply for a renewal of your AFA authorisation under the FAA, you will need to submit your application online using our eServices portal.
We encourage you to make a note of your expiry date becuase if you fail to renew your authorisation then, it will lapse.
You can continue to provide advice to your clients while we process your application for renewal, even if your expiry date passes during this time.
Please refer to the AFA Authorisation Renewal Guide for what to do.
Period of authorisation
In most cases we authorise financial advisers for an initial term of 5 years from the date of authorisation, unless there are reasons for a shorter or longer term. We will let you know if we think you should be authorised for a term other than 5 years.
To cancel your authorisation please email the FMA at AFAapplications@fma.govt.nz
Your authorisation can be terminated for the following reasons:
If we decide to cancel, suspend or amend the terms and conditions of your authorisation, you will be notified first and given the opportunity to make submissions. We will notify your change of status to the registrar. If your authorisation is cancelled or suspended because you are no longer eligible or you have breached your obligations under the Act, we may also make this information public.
Let us know what you think
Did you find what you were after?