RG 207

Regulatory Guide 207 Credit licensing: Financial requirements (RG 207) is issued by ASIC to set minimum requirements for Australian credit licensees to demonstrate adequate financial resources as stipulated under s47(1)(l) of the National Consumer Credit Protection Act 2009. The guide explains expectations for both initial compliance during the credit licence application process and ongoing compliance via annual certifications. Bodies regulated by APRA, as defined in s3(2) of the Australian Prudential Regulation Authority Act 1998, are excluded from these requirements, as APRA sets independent standards for its own regulated entities.