Is New Zealand FSP internationally recognized? Is it effective supervision?

In New Zealand's compliant foreign exchange trading platform, you must have an FMA regulatory license and a legal FSP registration and declaration. Simply put, you need to obtain a New Zealand foreign exchange license and register for FSP first. FSP license plate is a kind of license plate stipulated by FMA, which includes AFD and FSP.

New Zealand FMA requires that any company that provides short-term derivatives to New Zealand residents (within 3 days of liquidation), whether from New Zealand or overseas, must be supervised by FMA from February 20 17. Formerly known as the New Zealand Securities Regulatory Commission, FMA is now an independent government agency responsible for supervising the legitimacy and stability of the financial market, with the highest level of regulatory scope and authority in New Zealand.

Scope of supervision: financial service companies, securities markets and futures dealers. Provide information to financial market participants, and educate and guide the rules; Supervise and manage the participants in the financial market and issue corresponding licenses. Licenses include: AFD (Authorized Futures Dealer) and FSP (Registered Financial Company).

If you are engaged in foreign exchange, you need to apply for New Zealand FSP.

Advantages of applying for FSP: 1. Investors can query the registration information and related service fields of related companies on the FSP website, which increases the transparency of financial companies and is conducive to information disclosure; 2. The Asset Management Bureau of New Zealand can avoid financial crimes such as money laundering according to international law; 3. Provide one-stop registration, supervision services and information disclosure for financial service enterprises.

One of the prerequisites: New Zealand company (or individual)

The second premise: the actual operation in New Zealand.

The third prerequisite: New Zealand local professionals (licensed)

Specific process of FSP license plate: 1. Provide 3 company names for search. 2. Provide at least one shareholder and director (one shareholder and director may be appointed). 3. Deal with New Zealand companies. Shareholders and directors applying for FSP need to provide proof of their F status.