UPDATED Pyne Gould’s Perpetual among three firms awaiting trustee licence by month-end

Wed, 19 Sep 2012

(Updates to reflect Perpetual view that it is waiting for FMA licence decision) By Hannah Lynch Sept. 19 (BusinessDesk) - Pyne Gould's Perpetual Trust unit says it is one of three applicants for a trustee licence that the Financial Markets Authority will decide upon by the end of this month. The watchdog today granted nine licenses for up to 5 ½ years though Perpetual wasn’t among them. The FMA said decisions on three further applicants will be made by Sept. 30. All trustees and statutory supervisors are now required to be licensed under the...

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