Brokers must comply with the Financial Service Providers (Registration and Dispute Resolution) Act 2008, which includes a requirement to be registered on the Financial Service Providers Register. For brokers the requirement to register is at the level at which the business is carried on (i.e. this is usually an entity or may be an individual acting as a sole trader). Brokers must also be members of a dispute resolution scheme where they are providing broking services to retail clients.
See Registration of Financial Service Providers.