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A licensee has the assets to meet a higher category but only wants to do a low turnover – which category will the licensee be placed in?

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A licensee has the assets to meet a higher category but only wants to do a low turnover – which category will the licensee be placed in?

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The Net Tangible Assets figure stated in the Independent Review Report or Audit Report will determine what Category the licensee falls into for the minimum financial monitoring requirement.

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