Do I need to register as an individual if my employer is registered?
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This will depend on the types of services you are providing. The FMA's position is that individual employed financial advisers providing only wholesale or class services (or both) do not need to register, provided that their employer is a registered financial service provider (not necessarily a QFE) and remains registered.
The FMA considers that this approach is consistent with the purpose of the Financial Advisers Act and Financial Service Providers (Registration and Dispute Resolution) Act, and will adopt it in its approach to enforcement of the registration provisions. Individuals who have voluntarily opted to be authorised for wholesale and class services will still need to register as individuals. Please contact the FMA directly if you have any questions about your particular circumstances.
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![[image] registration guides.](http://www.business.govt.nz/fsp/image-library/resources/rules-is-rf.gif)
