Page last updated: 24 June 2021

How to apply for a full licence

We are still accepting applications for full licences.

If you are currently operating under a FAP transitional licence you should apply for a full licence as soon as possible.

All transitional licences expire on 16 March 2023. From 17 March 2023, anyone who provides financial advice to retail clients must either hold, or operate under, a Financial Advice Provider (FAP) full licence.


To help you prepare, download our FAP full licence application kit or watch the video tutorial.

Before you apply

  • You’ll need to decide whether you want to apply for a Class 1, Class 2 or Class 3 FAP full licence.
  • Explore your full licence options to see which licence class is right for you.

At least 24 hours before you are ready to start your application

  • Login to the FSPR on the Companies Office website and select the “Financial advice provider – licensee – full licence” service.
  • You will also need a RealMe login to access the FMA application portal.

Once you’ve chosen the licence class you want to apply for, get your answers ready:

Ready to apply?

Go to the FMA licensing portal

Note that you don’t have to answer all the questions in one go. You can save a draft and come back to finish the job when you’re ready.

Need help?

Contact us 

Featured Video:

What to expect when you apply for your full Financial Advice Provider (FAP) licence.


The cost of a full licence and ongoing annual levies will vary based on how you choose to operate in the new regime. 

For more information on fees and levies, see MBIE’s website.


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