1. Compliance
  2. Licensing and registration
  3. Applying for a financial service provider licence
  4. Independent Trustees

Independent Trustees

Page last updated: 21 Mar 2019

We are in the process of improving our online application services. The service is currently unavailable. We apologise for the inconvenience. Please contact us if you have questions about an existing application, wish to apply for a licence or have questions about the licensing process.

Before you start

Please read these documents carefully as they contain all the information you need to know so you can complete and submit your application online.


This guide contains information about the licensing process and includes many FAQs you might have. It also explains how to:

  • use our online application form
  • create a RealMe® identity, if you don't already have one
  • pay your licensing fee.


This guide contains all the specific questions you’ll be asked and the minimum standards you’ll need to show you meet. It also details the information and supporting documents you’ll need to provide when you submit your application.

Standard conditions - Independent Trustee – individuals

Standard conditions – Independent Trustee - corporates 

In your application you'll need to demonstrate how you can meet the minimum standards and conditions for your licence - or ask us for a limit or variation using the forms below. This is very important because when a licence is granted, they contain conditions that support your licensee obligations. They include conditions imposed by the FMC Act, the regulations, and any conditions imposed by the FMA.

Make your application easier

Before you apply there are some things you can do to ensure your application runs as smoothly as possible:

  • review the licensing guides on our website 
  • set up your RealMe® login details early 
  • focus on the minimum standards – we will assess your business against them when processing your application 
  • use our checklist to make sure you have not missed out any relevant information
  • we’re here to help so please contact us if you have any questions either by email fmcapplications@fma.govt.nz or phone 0800 434 567.


Licensing declarations and certificates
For applicants

SD1.0  Certificate of compliance and authority to apply (applicant or their authorised person)

SD1.1  Declaration by current/proposed director of licence applicant

SD1.2  Declaration by current/proposed senior manager of licence applicant

SD1.3  Curriculum vitae of management team member of licence applicant

SD1.4  Declaration  by Independent trustee (individual) -  a combined certificate and declaration

For related bodies of the applicant

SD2.1  Declaration by executive director of related body to licence applicant

SD2.2  Declaration by senior manager of related body to licence applicant

For relevant parties to the applicant

SD3.1  Declaration by director of relevant party to licence applicant

SD3.2  Declaration by senior manager of relevant party to licence applicant

SD3.3  Declaration by individual relevant party to licence applicant (such as owner)

Amendments and changes

Notification required by FMC Regulations

For changes to directors or senior managers of a licensee and/or key personnel of an authorised body

(Refer Financial Markets Conduct Regulations 2014 r 191)

This notification form must be completed and emailed to compliance@fma.govt.nz.

Notification of change of director or senior manager by licensee and/or key personnel of authorised body

Notification required by licensing standard conditions

To notify us of a change in your key people and managers as required by the licensing standard conditions, please send an email to compliance@fma.govt.nz outlining what the changes are and the qualifications and experience of the new or replacement personnel, e.g. attach their c.v.

Note that this is a standard condition for the following licence types: DIMS, crowd funding, independent trustee (for corporates), MIS and peer- to-peer lending.