It can be a complex and tiring experience obtaining a New Zealand forex license from the relevant regulatory authority. As a basic principle it is important to understand the rules and regulations which will affect your New Zealand broker firm in terms of activity and internal operations. It is therefore highly advisable to acquire the help and guidance from a professional consultancy that are qualified and experienced in all areas of FX licensing.
The New Zealand Securities Commission was the regulatory body responsible for accepting forex broker license applications and issuing them on approval of the application. New Zealand has adopted stringent legislation regarding the operations of all companies dealing with securities trading. This means that it is essential to obtain the relevant New Zealand forex license prior to engaging in forex activity. The New Zealand Securities Commission was first established un the Securities Act 1978 which stipulated the scope of authority for the Commission including its powers and general functions.
In May 2011 the Financial Markets Authority (New Zealand) replaced the Securities Commission. The Financial Markets Authority is a newly formed integrated financial regulator for the development and progression of the financial services industry in New Zealand.
The new integrated regulatory body is the relevant authority in which to submit all license applications for New Zealand broker business, and it is a necessary step to acquire a forex license.
When applying for a New Zealand forex license it is essential that you not only have a fully formed company in New Zealand for the purpose of FX activity, but you must also pass the fit and proper test. Certain documents are required for the application of a forex license, including; company Memorandum and Articles of Association, business plan, documentation for internal and external operations of the company. A professional consultancy can help you gather and administer the relevant documentation and application form to the regulatory body.
Starting Business specialist consultants are highly experienced in all aspects related to obtaining a financial license in Belize, from the filing the initial application form, to ensuring the broker firm is compliant with relevant laws. We will ensure your FX license is acquired in a timely and professional manner and in accordance with the rules set out by the Financial Markets Authority.
Contact Us for information on the comprehensive consultancy we can provide with New Zealand broker licensing,