SENIOR TRUST MANAGEMENT GETS LICENCE TO RUN INVESTMENT SCHEME
Tuesday March 15, 2016
Under the new Financial Markets Conduct Act, managers of registered managed investment schemes, other than restricted schemes, must be licensed by December this year.
Senior Trust chief executive Scott Lester says the new act is a “strong piece of legislation” that will give people looking to invest in managed schemes more confidence. “To obtain a licence, a manager has to clearly demonstrate it meets the required standards.”
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