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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 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 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 (3)
In Force
In effect from 1 January 2013
This Reporting Standard sets out the requirements for the provision of information to APRA in relation to calculating a life company’s Asset Risk Charge. It includes Form LRF 114.0 Asset Risk Charge and associated specific instructions and must be read in conjunction with the general instruction guide and Prudential Standard LPS 114 Capital Adequacy: Asset Risk Charge.
In Force
In effect from 1 January 2013
This Reporting Standard sets out the requirements for the provision of information to APRA relating to a life company’s derivatives activity. It includes Form LRF 114.2 Derivatives Activity and associated specific instructions and must be read in conjunction with the general instruction guide.
In Force
In effect from 1 January 2013
This Reporting Standard sets out the requirements for the provision of information to APRA in relation to a life company’s off-balance sheet business. It includes Form LRF 114.3 Off-balance Sheet Business and associated specific instructions and must be read in conjunction with the general instruction guide.