Regulatory Alerts2021-03-30 | RG-210RG 210 Compensation and insurance arrangements for credit licensees
ASIC issued Regulatory Guide 210 to require credit licensees to maintain adequate arrangements for compensating consumers. The primary compliance method is holding professional indemnity insurance, although ASIC may approve alternative arrangements based on policy scope and terms. This framework aims to reduce the risk that licensees lack sufficient financial resources to meet compensation claims.
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