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Many advisers 'won't pass licensing hurdle'

Tuesday 1st of August 2017
Industry commentator Russell Hutchinson said the experience of financial service providers applying for licenses under the Financial Markets Act could be illustrative of how advisers would fare.
The FMA received a total of 253 license applications for FMC licenses, of which 201 resulted in a granted license. Eleven were unsuccessful and 41 withdrawn.
That means about 20% did not m...
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