Member

Under the non-financial resources threshold requirement, conditions may relate to only one of three areas: internal controls, risk management and financial reporting. As outlined in the previous clause, the regulator can also attach discretionary licence conditions to advance its systemic financial resilience objective, which is specifically to address systemic risks or structural issues by applying conditions to multiple clubs, or even to all licensed clubs. This clause limits the scope of that to only conditions that relate to debt management and liquidity requirements, and those restricting the club’s overall expenditure.