NOV
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2.86% 3.6¢ novatti group limited

Ann: Lodgement of Restricted Bank Licence application, page-4

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  1. ualeon
    330 Posts.
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    22/11/18
    11:51
    Post #: 36600598
    Found this"


    "As a guide, it could take APRA from three to 18 months to assess an application. The timetaken to grant a Restricted ADI licence is likely to be faster than the time for an ADI licence,reflecting the proportionately shorter application requirements. However, it is not expectedthat the total time to obtain a full ADI licence would be quicker for ADIs applying under therestricted route."


    Source: https://www.apra.gov.au/sites/default/files/information-paper-adi-licensing-restricted-adi-framework-20180504.pdf


    Also some great info about the framework in general.


    Cheers

    NOV Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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