Your claim is false and misleading
. The FSPR has NOT
deregistered the FSP. 100% false.
"you must lodge an objection online by 10 July 2012. If no objection is received by 10 July 2012 RM International Holdings will be deregistered."
We in fact will "object" as we do have a unique business address as well as a local senior manager and can prove it easily with an employment contract and lease.
Our SP was reported by another FSP seller who does not like us cutting into their $65,000 fees for registration with virtual office made a report to the FSPR as it occurred one day after we published it on Talkgold. Amazing timing would you not agree
when 100's of FSPs use virtual offices.
That's fine, I can go through the FSP register and find those being sold using virtual office or one office with 10 FSPs and report them to the FSPR but I have chosen not to do so. The gloves as they say are off now.
Nonetheless, this does bring up a valid point which we have made here many times. You must have a place of business address in New Zealand and staff person representing your business who has sufficient responsibility over the financial service organization.
Each month the FSPR does deregister many FSPs, especially those using a virtual address with call forwarding much most of the large FSP sellers are doing. Banking4bankers has had many FSPs deregistered as would any seller who does NOT recommend a business address in New Zealand.
Here is the act:
This Act applies to a person who—
(a) is ordinarily resident in New Zealand (within the meaning of section 4 of the Crimes Act 1961) or has a place of business in New Zealand
, regardless of where the financial service is provided; or
(b) is, or is required to be, a licensed provider under a licensing enactment.