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APRA has released a response letter to the consultation on proposed minor amendments to the prudential framework for authorised deposit-taking institutions (ADIs) and general, life and private health insurers.
This information paper aims to help accountable entities and their accountable persons understand and meet their obligations under the Financial Accountability Regime, while outlining how the Regulators will jointly administer the FAR and exercise their regulatory and enforcement powers.
APRA and ASIC have published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime (FAR).