Document ID: chunk:federal_register_of_legislation:F2024L01319:body:0:p5
Version: federal_register_of_legislation:F2024L01319
Segment Type: other
Provision Reference: 
Character Range: 11255–11891

(a) provide a permanent and unrestricted commitment of funds; (b) are freely available to absorb losses; (c) do not impose any unavoidable servicing charge against earnings; and (d) rank behind the claims of depositors and other creditors in the event of winding-up of the issuer.
[7]  For the purposes of this Prudential Standard, a reference to 'beneficiaries' is a reference to 'beneficiaries of an RSE within the RSE licensee's business operations'.
[8]  Refer to Prudential Standard SPS 310 Audit and Related Matters and Prudential Standard SPS 510 Governance for requirements relating to external and internal audits respectively.