Individual trustees of a trust or registered superannuation scheme
Up one levelI am a trustee of a trust or a superannuation scheme and the FSPA says that I am a providing a financial service. Do I have to register on the FSPR in my own name?
Regulation 7 of the Financial Service Providers (Exemptions) Regulations 2010 exempts individual trustees from having to register on the FSPR in their own name as individual financial service providers BUT all trustees of the trust, or the superannuation scheme, must jointly register as an unincorporated body.
A Board of Trustees can register on the FSPR as ‘The Trustees of the [name] Trust’ or ‘The Trustees of the [name] Superannuation Scheme’ (as examples). To do this, you must choose your ENTITY TYPE as OTHER ENTITY when you start your registration application. Choosing this entity type will allow you to register the Trustees as a group as an unincorporated body.
All trustees must be named in the FSPR registration application as the equivalent of ‘directors’ so that they can be checked for disqualification purposes under section 14 (that is, they are not an un-discharged bankrupt for example). Those details will not be available for public view on the FSPR but will be held by the Registrar of Financial Service Providers and can be shared with other regulatory agencies on request.
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![[image] registration guides.](http://www.business.govt.nz/fsp/image-library/resources/rules-is-rf.gif)
