STANDARD CONDITIONS ISSUED FOR INDEPENDENT TRUSTEE LICENCES
26 October 2016
Late in 2015 the Financial Markets Authority (“FMA”) consulted on proposed variations to standard conditions for market service licences. The FMA has now completed the consultation process and issued updated information on standard licence conditions for independent trustees (licensed as a corporate).
The standard licence conditions are:
The full standard licence conditions for independent trustees are available.
In addition to these standard licence conditions, the FMA may impose additional specific licence conditions on individual independent trustees on a case by case basis.
For more on the above, please contact your local BDO representative.