Minor updates to the prudential framework for ADIs and insurers
This page contains relevant information on APRA's proposed updates to the prudential framework for authorised deposit-taking institutions and general, life and private health insurers.
April 2024
On 4 April, APRA released for consultation proposed minor amendments to the prudential framework for authorised deposit-taking institutions and insurers.
APRA is seeking feedback on the proposed changes to prudential standards and guidance. Submissions are requested to be provided no later than 3 May 2024.
The consultation letter, clean proposed changes, and changes marked up are available below.
Letter
Prudential framework minor updates
Proposed revisions
Published 4 April 2024 | Published 4 April 2024 |
November 2023
On 16 November 2023, APRA released a response to consultation on proposed minor updates to the prudential framework for ADIs and insurers.
The letter to industry, finalised prudential standards and non-confidential submissions are available below.
Letter
APRA finalises minor framework updates
Prudential standard
Prudential practice guide
Non-confidential submissions
June 2023
On 19 June, APRA released for consultation proposed minor amendments to the prudential framework for authorised deposit-taking institutions and insurers. This is a new process intended to ensure minor updates to the framework can be made in a timely manner, and is part of APRA's strategic initiative to modernise the prudential architecture.
APRA is seeking feedback on the proposed changes to prudential standards and guidance, and any feedback on the new minor updates process. Submissions are requested to be provided no later than 19 July 2023.
The consultation letter, draft standards and draft guidance are available below.
Letter
Prudential framework minor updates
Prudential standard
Published 19 June 2023 | Published 19 June 2023 |
Prudential practice guide
Note on submissions
It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.