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Capital Adequacy Asset Concentration Risk Charge

Prudential Standards (1)
In Force
In effect from 1 January 2013
This Prudential Standard requires a life company to maintain adequate capital against the asset concentration risks associated with its activities. The ultimate responsibility for the prudent management of capital of a life company rests with its Board of directors. The Board must ensure that the life company maintains an adequate level and quality of capital commensurate with the scale, nature and complexity of its business and risk profile, such that it is able to meet its obligations under a wide range of circumstances.
Reporting Standards (1)
In Force
In effect from 30 June 2015
This Reporting Standard sets out the requirements for the provision of information to APRA in relation to calculating a life company’s Asset Concentration Risk Charge. It includes Form LRF 117.0 Asset Concentration Risk Charge and associated specific instructions and must be read in conjunction with the general instruction guide and Prudential Standard LPS 117 Capital Adequacy: Asset Concentration Risk Charge.