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How to maintain a New Zealand Financial Services Provider

The New Zealand Financial Services Provider Registry is carefully maintained by the national authorities to prevent abuse and misuse. It is important to ensure that your Financial Services Provider (FSP) entity meets all ongoing requirements in order to keep the FSP registration.

Annual Confirmation Every registered New Zealand Financial Service Provider is required to file an Annual Confirmation with the Companies Office, verifying that the entity is still providing FSP services and that all of the details about the entity held on the FSP registry are correct and accurate. The filing also confirms that the FSP is still legally allowed to hold FSP status and has not breached any conditions for maintaining its FSP status, as is set out on the register.

Criminal Check During the registration of an FSP the Ministry of Justice will conduct criminal checks on all individuals named as directors, controlling owners and senior managers of the entity. In addition, New Zealand authorities are able to conduct further annual criminal history checks on the individuals in order to ensure that the entity is still eligible to be an FSP.

Record Keeping All New Zealand entities are required to maintain business records and documentation at their Registered Office. As a general guide, all FSPs should maintain the following documents: The company constitution, and All the minutes of all meetings of the shareholders, and all the resolutions of

the shareholders for the last seven years, and All the minutes of all meetings of the directors, all of the certificates given by

the directors, and all the resolutions of the directors for the last seven years, and

The registers of the company, and The full names and addresses of all of the current directors of the company,

and

KIRILL KRUGER

Development Manager at

Abaconda Management

Group , Director of AMG

Business Development.

Kirill Kruger is a young but

experienced financial

consultant, with a

specialization in

international and New

Zealand taxation research,

management and planning.

Being a successful

entrepreneur he has also

authored advanced studies

in the field of financial

academics, and regularly

writes reports on current

affairs and developments in

international and New

Zealand finance, taxation

and management.

www.abaconda.info

info@abaconda.info

+64 7 8080 444

Abaconda Management Group

2

Copies of all written communications to all shareholders during the last 7 years, and

All financial statements and group financial statements required to be completed by the Companies Act 1993 or the Financial Reporting Act 1993 for the last 7 accounting periods of the company, and

The accounting records for the current accounting period and for the last 7 completed accounting periods of the company.

Compliance Regardless of whether a New Zealand business entity has been registered as an FSP, it will be required to comply with all applicable local regulations for filing and reporting. All entities will be required to file an Annual Return confirming their details to the Companies Office, and, in most cases, trading entities will be required to file financial statements with the Inland Revenue Department.