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APRA releases revisions to prudential standard on investment governance in superannuation

Wednesday 29 September 2021

The Australian Prudential Regulation Authority (APRA) has released for consultation its proposed revisions to Prudential Standard SPS 530 Investment Governance (SPS 530).

SPS 530 aims to ensure registrable superannuation entity licensees meet their obligations to prudently select, manage and monitor investments.

The proposed revisions to SPS 530 respond to findings from APRA’s unlisted asset valuation thematic review and APRA’s 2018-2019 post-implementation review (PIR) of the superannuation prudential framework. The updates focus on enhancements to stress testing, valuation and liquidity management practices. The consultation will run until 16 February 2022. 

A letter outlining the proposed revisions and a draft version of the updated prudential standard are available on the APRA website at: Consultation on Prudential Standard SPS 530 Investment Governance in Superannuation.

Governance

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For more information contact APRA on 1300 558 849.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $7.9 trillion in assets for Australian depositors, policyholders and superannuation fund members.