New Zealand FSP
About that Country :
Atrium Legal Lab is a leading international corporate and legal consultancy firm advising financial, institutional, business and private clients around the world. We are a full-service firm and our team of professional experts with high technical ability and wealth of experience differentiates Atrium Legal Lab as a leading international Legal and Corporate Business Consultancy firm.
Our local and experienced team provides the highest quality ongoing operation and management of the FSP, which is a requirement to operate and maintain the FSP status. We are offering our services to parties that want to operate a genuine business and we will become your local partner in New Zealand to provide a complete service in operating your FSP.
About that Regulating Body :
New Zealand has legislated for the fast and relatively uncomplicated creation of a corporation which can operate virtually in the same manner as a bank whilst avoiding the restrictive controls of banking legislation. Under the Financial Service Providers (Registration and Dissolution) Act 2008 (‘the Act’), a New Zealand company can be registered as a financial services provider.
This means that the company is effectively registered by the Ministry of Business, Innovation and & Employment to offer financial services or, in the words of the legislation, it becomes a financial services provider.
The 21st century has seen an escalating regulation of the banking industry whereby it has become increasingly difficult to obtain a banking license with increasing government controls and requirements.