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Status: Open to submissions
14 February 2023

Minimum capital requirements for purchased payment facilities providers

This page contains information regarding APRA's consultation on proposed changes to minimum capital requirements for purchased payment facilities (PPF) providers.

November

 

On 14 November, APRA released a consultation letter to purchased payment facilities (PPF) providers on its proposed amendments to Prudential Standard APS 610 Prudential Requirements for Providers of Purchased Payment Facilities (APS 610), to align the current minimum capital adequacy requirement for PPF providers with the broader capital framework for other APRA-regulated entities. 

This proposal is an interim measure. APRA will provide an update on the planned broader review of APS 610 as part of its annual Policy Priorities update in early 2023. 

APRA invites feedback on the proposed revisions to APS 610 by 14 February 2023.

The consultation letter is available below:

Letter

Consultation on minimum capital requirements for PPF providers

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.