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Financial Services Industry News:

Thursday, July 24, 2003

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APRA releases credit card guidelines
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The Australian Prudential Regulation Authority (APRA) has released final authorisation guidelines for Specialist Credit Card Institutions (SCCI) and a new prudential standard on risk management of credit card activities for Authorised Deposit-taking Institutions (ADI).

The new standard comes into force on 1 August 2003 and applies to all ADI credit card operations.

Read APS 240