RG 207 Credit licensing - Financial requirements

An Australian credit licensee must comply with the obligation to have adequate financial resources in s47(l)(l) of the National Consumer Credit Protection Act 2009 (National Credit Act).

As a credit licensee, you are responsible for deciding how to comply with the financial resource requirements. Regulatory Guide 207 Credit licensing: Financial requirements (RG 207) sets out our minimum expectations for demonstrating that you have adequate financial resources.

You must be able to confirm to ASIC that you can comply with the financial resource requirements when you apply for a credit licence and on an ongoing basis as part of the annual compliance certificate. 
 
Regulatory Guide 207 Credit licensing: Financial requirements (RG 207)

What's new

ASIC releases updated responsible lending guidance

We have updated our guidance for credit licensees on their responsible lending obligations. 14-290MR. 5 November 2014

More credit releases

Last updated: 07/10/2014 09:28