Action plan for sole advisers

Advisers that are relying on the sole-adviser exemption and who wish to continue operating as a sole-adviser need to register their company on the FSPR as a financial advice provider. Registration includes an FMA levy of $460.00 plus GST. A relief from the levy is offered to those who:

  • Rely on a sole-adviser exemption in the current regime, and
  • Have registered a company on the FSPR between 25 November 2019 and 28 September 2020 and indicated the company’s intention to apply for a transitional financial advice provider licence or to be an authorised body under another financial advice provider’s licence.

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