The Financial Markets Authority has granted full licences to some trustees.
They include Public Trust, Covenant Trustee, New Zealand Guardian Trust and Trustees Executors.
But Perpetual, which was the trustee for a number of failed finance firms and is embroiled in legal action against the authority over related party loans, is not one of the nine.
The regulator says decisions on three further applicants will be made by the end of September when all temporary licences expire.
Another five trustees pulled out, and the authority declined the application of Prince and Partners Trustee.
The role of trustees has been under scrutiny since the collapse of many finance firms, involving more than $4 billion in investors' money.
Licences have been granted for periods of up to five-and-a-half years.
All trustees and statutory supervisors are required to be licensed under the Securities Trustees and Statutory Supervisors Act 2011.
The successful applicants are: Anchorage Trustee Company, BDO Auckland Trustee, Covenant Trustee, Covenant Trustee Services, New Zealand Permanent Trustees, Public Trust, Statutory Supervisors Southern, The New Zealand Guardian Trust Company and Trustees Executors.