Adequate Resources - Wholesale

This bundle is to assist Wholesale AFS licensees manage their human capital, financial requirements, and IT resources and related processes; and demonstrate they have sufficient resources to conduct and monitor their operations.  It is designed to align with the requirements of sections 912A and 912B of the Corporations Act 2001, and ASIC’s RG 104 (Licensing: Meeting the general obligations), RG 166 (Licensing: Financial requirements) and RG 126 (Compensation and insurance arrangements for AFS licensees).

Note: The IT Resources Policy has been drafted for licensees which are not APRA regulated.

This resource may assist wholesale financial services businesses looking for practical AFSL resourcing documentation, including professional indemnity (PI) insurance, organisational structure and financial resource compliance templates.