Regulatory Alerts2024-08-30 | RG-207RG 207 Credit licensing: Financial requirements
ASIC issued Regulatory Guide 207 to set minimum expectations for credit licensees demonstrating adequate financial resources under the National Credit Act. Licensees must confirm their ability to meet these requirements during initial applications and ongoing annual compliance certifications. The guide explicitly excludes bodies regulated by the Australian Prudential Regulation Authority, as APRA imposes separate financial resource obligations for them.
Share