The clock is ticking – get your FAP licensing done right and on time

The clock is ticking – get your FAP licensing done right and on time

16 AUG 2022

The Financial Markets Authority (FMA) has made it widely known that unless you have your full FAP licence by 15 March 2023, you will no longer be able to legally provide financial advice. 30 September 2022 is the FMA recommended deadline to submit your full FAP licence application to meet the FMA guarantee of processing your application in time to meet the March cut-off.

The clock is ticking – get your FAP licensing done right and on time

Strategi Compliance has been assisting businesses since 2013 with different FMCA licence applications and has already helped several hundred transitionally licensed FAPs to successfully obtain their full FAP licence. If you are struggling to find time to develop your policies, processes and controls to enable you to apply for your full licence, then Strategi can help.

We have practical, realistic and cost-effective solutions to save you time and ensure you successfully obtain your full FAP licence. No matter the size of your firm, we have a solution to meet your needs. These include:

  • Provision of a FAP operations manual: We call this our licensing kit and it provides all the policies, processes and controls you need to run a fully licensed FAP. The level of customisation you need to do is minimal compared to other time-consuming solutions in the market. 
  • Provision of individual templates to plug the gaps where you currently lack the necessary documentation.
  • A review service where we review your documents to ensure they are correct prior to you submitting your full FAP licence.
  • A Compliance Assurance Review: This is an annual service provided to FAPs to enable you to have comfort the business is compliant and meets FAP standard licence conditions.

Your full FAP licence application is your undertaking to the regulator as to how you will be operating. A breach of your licence may have serious reputation and financial consequences so getting things right first time is essential. Contact Strategi to get the right advice to ensure your application is fit for purpose.

If you would like more information, please contact us on +64 9 414 1300 or email info@strategi.co.nz