Financial Institutions

If you are a registered bank, licensed insurer or licensed non-bank deposit taker (NBDT) that is in the business of providing one or more relevant services to consumers, you will need a financial institution licence to continue to operate from early 2025. The FMA will start accepting licence applications from 25 July 2023. Licence applications must be made online via the FMA website and a link will be provided through to our online portal once applications have opened.

We encourage you to start preparing early to apply for your financial institution licence. While you can’t yet submit your application, you can review our licence application guide and fair conduct programme information sheet.

View our financial institution licensing page for more information.

A fair conduct programme (FCP) means policies, processes, systems and controls that are designed to ensure the financial institution’s compliance with the fair conduct principle. A financial institution’s FCP must be in writing and must meet the minimum requirements set out in the CoFI Act

View our fair conduct programme page for more information.