Jan 20 (Reuters) - PSC Insurance Group Ltd (PSI) :
- Well aware of concerns that those licensees have failed to comply with some of their legal obligations"
- It has been advised that breaches or potential breaches by those licensees have been notified to the regulator, ASIC.
- On 15 January 2015 entered agreements to acquire Australian reliance corporate insurance broking business and reliance partners insurance adviser franchise network
- Says PSC intends to move to complete the acquisitions once all conditions precedent have been satisfied.
- PSC has not contracted to acquire the licensee entities
News: PSI PSC Insurance updates on acquisition of Reliance Partners franchise business
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