Email: Password:
Forgot Password

News Archive

Back to List Back to list
Previous Article Next Article

FSP Registration confusion

05 Dec 2017

IBANZ Members completing their annual registration confirmation on the Financial Services Providers Registration (FSPR) website have found recent changes confusing; not helped by an error on the website.


The annual task of registering individuals and companies seems destined to be a challenge as the layout of the FSPR site undergoes regular changes.  Following what you did last year is not an option.

This year one change made it more confusing when a heading on the online form for Custodians and Brokers had the Class references in the reverse order to what they should have been.

IBANZ has now managed to get this corrected. 

There are two key areas for the majority of members when completing their annual confirmation:
 



Custodians (Class 6C in the Regulations) and Brokers (Class 6B in the Regulations)

This is for broker companies that hold client money.  The relevant option is:

"Registered FSPs that are brokers (as defined in section 77A(1) of the Financial Advisers Act 2008) other than persons included in Class 6(a) or 6C" $1,800
 


All Other Financial Service Providers (Class 7 in the Regulations)

This is for individual advisers (brokers), there is just the one option to tick: 

"Registered FSPs that are not included in any of classes 2 to 6D" $460



  

 

Previous Article Next Article

 

Professional IQ

Professional IQ College

Workshops, Online courses, webinars and Qualifications. For upcoming events         click here


Latest Papers:

Closing the Gap - Insuring your business against evolving cyber threats

iNavigator iNavigator Media Center
Provides access to a wide range of industry related media resources


Covernote Cover Note
IBANZ quarterly magazine for the latest on the intermediated insurance market.


Gary's Blog Gary's Blog
Comment on current issues.




© Copyright IBANZ, all rights reserved. Private information collected for this website is governed by our Privacy Policy. Read our Terms & Conditions
Powered by streamSWEET CMS