Peer-to-peer lending

Before you apply for a licence

There are some things you can do to ensure your application runs as smoothly as possible:

review the licensing guides and documents below as they contain all the information you need to know so you can complete and submit your application
set up your RealMe® login details early
focus on the minimum standards – we will assess your business against them when processing your application
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.

How to apply

Please contact us to get a copy of a licence application, either by email fmcapplications@fma.govt.nz or phone 0800 434 567.

Click here to view the Licensing Checklist

Our two licensing guides (PART A and PART B)

PART A
This guide contains information about the licensing process and includes many FAQs you might have and explains how to use our online application form(currently unavailable); create a RealMe^® identity, if you don't already have one and pay your licensing fee.

Download the licensing guide Part A: How do I apply for a licence? PDF, 510KB.

PART B
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.

Download the licensing guide Part B: Peer-to-peer lending PDF, 990KB.

Standard conditions for peer-to-peer lending services licences

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.

Guide for peer-to-peer lending services on publishing default rate information

This information sheet is for licensed peer-to-peer lending services. It explains the minimum standard to publish default rate information. It sets out what ‘default’ means when licensees must comply with the standard and guidelines on how to publish fair, clear and transparent information.

Licensing overview report 2017: what you need to know to meet your licence obligations.

It is helpful to read the Licensing overview report alongside the guide to the FMA’s view of conduct. Together, these documents give a good indication of our areas of future focus, our overall approach to monitoring; and what we expect of licensed providers of financial products and services.

Licensing declarations and certificates

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

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

We understand that some people may not be able to print, sign and scan documents at the moment, due to the COVID-19 alert levels. If that is the case for you:

If you have an electronic signature, please affix that to the signature block and return the form to us.
If you do not have an electronic signature, rather than sign the document, please read it carefully, fill in all of the text boxes and then email it back to us with the following text in your email:
“I confirm that, when making the personnel change(s) notified in this form, we have followed our internal policies and processes and maintain the fit the proper standards for licensing.”

Download Notification of change of director or senior manager by licensee and/or key personnel of authorised body DOC.
(Refer Financial Markets Conduct Regulations 2014 r 191).

To notify us of a change to 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 replacing personnel, e.g. attach their c.v.

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

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