Financial Service Providers Register (FSPR) presentation for the Business Update 2010 Seminar Series - New Services for a New Decade. An introduction to the FSPR and AFA regimes including who will administer them, registration and authorisation requirements, how to register on the FSPR and the process to become an Authorised Financial Adviser (AFA).

10. Application for FSP Registration Criminal History Check by Ministry of Justice FSP Registration Complete Join a Dispute Resolution Scheme (DRS) Registration Process

15. Registration Fees Ongoing Fees (incl. gst) Application Fees (incl. gst) $30 $30 Consumer dispute resolution regime administration contribution $39.38 $39.38 Criminal history check (per person, as required) $60 $350 FSP application for registration

21. Not required if advising only on products issued or “promoted” by the QFE Registered and authorised, if advising on third party products Registered and authorised I advise on Category 1 products (I don’t provide a financial planning service) Registered and authorised Registered and authorised I provide a financial planning service Not required Registered only I advise only on Category 2 products I am employed by / a nominated representative of a QFE I am not in a QFE

29. Letter granting QFE status including terms and conditions Apply for Registration and QFE Status on the FSPR Commission will advise reasons FSP Registration Accepted QFE application referred to Securities Commission for processing and checks information provided QFE Status Commission gives OK to formally apply for QFE status Declined Approved Applicant submits ABS to Securities Commission

31. Financial Adviser Fees $280 $280 Base minimum annual supervision fee for AFA/QFE Ongoing Fees (incl. GST) Application Fees (incl. GST) Additional levies may be required to fund other aspects of the regulatory framework $4500 $4500 Application for QFE status $560 $840 Application for authorisation

36. About online identity assurance igovt logon service Agency has assurance of user’s identity online igovt identity verification service Proves the identity of the person wishing to use agency services UNIQUENESS Proves that this is the same person as the last interaction CONSISTENCY

37. www.companies.govt.nz Since the nineties the Companies Office has been leading the development of online transactions igovt offers a new generation of functionality to existing online transactions and a platform for future services Knowing who you are dealing with and that it is the same person returning online is the key to moving from the Industrial to Information Age

38. From the Industrial to the Information Age For the last 200 years people have had to shuffle paper documents between government agencies. This gives a poor result, is slow , and is expensive for both people and government.

39. … and in the foreseeable future igovt enables people to unlock online and in real time their information held by government – their unique identity, whether they are a company director, what their IR number is ……This gives an excellent result, is fast , and is cheap for businesses, people and the government.

40. igovt logon service

42. Agencies currently using igovt logon services

43. Agencies currently integrating with igovt logon services … and more are planning integrations…

44. igovt identity verification service

48. igovt logon service look and feel with FSPR

49. User is directed back to FSPR page from igovt

50. User Registration Individual igovt Personal Companies Account Name/Address/Email Organisation 1 Address/Email/Phone Organisation 2 Address/Email/Phone Organisation 3 Address/Email/Phone Coming soon Coming soon

55. FSPR Contacts - Registration Website Email Phone Blog Twitter Facebook | www.fspr.govt.nz | [email_address] | 0508 FSPR INFO (377 746) | http://blog.companies.govt.nz | coming soon | coming soon

56. FSPR Contacts – Other useful sites Website Website E-mail E-mail Website Website | www.consumeraffairs.govt.nz | www.seccom.govt.nz | [email_address] | [email_address] | www.afacompetence.org.nz | www.financialadvisercode.govt.nz