Regulatory Alerts2022-05-17
Licensing update July 2014
The Reserve Bank issued this newsletter to provide feedback on common issues identified in the five Non-bank Deposit Takers licence applications received as of 24 July 2014. The document outlines specific regulatory expectations regarding quantitative liquidity requirements in trust deeds, the need for personalized risk management programmes, and the availability of electronic application forms. It also clarifies that suitability notices must include recent criminal checks and details the automatic registration status changes for entities on the Financial Service Providers Register.
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