8AOther functions of the Commissioner—financial viability of approved providers

8A Other functions of the Commissioner—financial viability of approved providers

For the purposes of subparagraph 16(1)(g)(i) of the Commission Act, the Commissioner has the following functions: (a) to monitor the financial viability of approved providers; (b) to identify approved providers who are potentially at risk of insolvency; (c) to liaise with approved providers according to their level of risk; (d) to consider whether the Commissioner’s powers can be used to mitigate insolvency risks, and to exercise those powers where the Commissioner considers it appropriate for that purpose; (e) to inform the Secretary of approved providers who are potentially at risk of insolvency.