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hmm...not counting August we're nearly 7 months in.. [ATTACH]...

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soarus

720 Posts.

144

23/03/19

15:49

Post #: 37862591
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Originally posted by jlo2012 ↑

The first announcement to drop should be the granting of an Australian Financial Services Licence (AFSL) by ASIC. I believe that an AFSL needs to be in place before an Authorised Deposit Taking Institution (ADI) licence can be issued by APRA. Once they have an ADI licence they can then have an Exchange Settlement Account issued to them by the RBA. Someone correct me if I'm wrong on this.

The 8 Feb dated 'Quarterly Investor Update' discusses the AFSL situation as, "AFSL application lodged August. Expecting comments imminently ex ASIC."

Imminent.... Means different things to different people and depends on the contexts but I would think given 6 weeks have now past that surely the AFSL decision would be due any day now.

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hmm...not counting August we're nearly 7 months in..

source:
https://asic.gov.au/about-asic/what...service-charter-results/asic-service-charter/

ISX Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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