Licensing costs
The basic licensing fee payable to apply for a financial institution licence is $1,024.93 (incl. GST).
We may charge an additional fee where the time to assess a licence application exceeds 6.75 hours, as set by the Financial Markets Conduct (Fees) Regulations 2014. For an FMA staff member this is set at $178.25 per hour, or part-hour pro rata, of work carried out. Please refer to the regulations for further information.
If an additional fee will be incurred for your application, we will notify you in advance, including the reason why.
The fee for each authorised body included in the financial institution licence is $614.95.
Applications to vary conditions on an existing licence will incur an application fee of $115 plus $178.25 per hour, or part-hour pro rata, of work carried out.
Please refer to the Financial Markets Conduct (Fees) Regulations 2014 for more information.
All amounts are GST inclusive.
This payment is to apply for a financial institution licence; it does not include any annual levies, or fees to register on the Financial Service Providers Register