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Consultation on proposed registration form

May 2019

Response letter and submission guidelines 

On 15  May 2019, we published a letter to authorised deposit-taking institutions (ADIs) responding to submissions on a new registration form for the Banking Executive Accountability Regime (BEAR) and providing guidelines for submitting applications for the registration of accountable persons.

We released the draft ARF 550.0 Banking Executive Accountability Regime – Registration Form for consultation December 2018. The form is to be used by small and medium ADIs to register responsible persons under the BEAR, which comes into effect for these entities from 1 July 2019. Applications for the registration of accountable persons can be made from 20 May 2019.


Reporting form


Other responses

 

December 2018

Consultation on proposed registration form

We consulted on the draft Banking Executive Accountability Regime – Registration Form (ARF 550.0). We proposed that an ADI use the form to apply to register an accountable person for the purpose of Part IIAA of the Banking Act 1959 (the Act). We also proposed the form should be used when notifying APRA as required under the notification obligations in section 37F of the Act, being:

  • any change to an accountability statement of an accountable person;
  • any change to an accountability map of the ADI; and
  • an individual ceasing to be an accountable person.

The consultation closed on 12 February 2019. 

 

Other consultations on BEAR