Media release

APRA releases response to consultation on remaking Level 3 conglomerate standards

APRA has released its response to submissions on the consultation to remake three Level 3 conglomerate prudential standards ahead of their scheduled sunset on 1 October 2026.
All industries
Published
27 July 2026
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The Australian Prudential Regulation Authority (APRA) has released its response to submissions on the consultation to remake three Level 3 conglomerate prudential standards ahead of their scheduled sunset on 1 October 2026.

Following consultation, APRA will remake Prudential Standards 3PS 221 Aggregate Risk Exposures, 3PS 222 Intra-group Transactions and Exposures and 3PS 310 Audit and Related Matters with administrative updates only. The updates do not introduce new requirements for conglomerate groups.

View the consultation response materials on APRA's website at: Remaking Level 3 conglomerate standards.

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Contact APRA Media Unit, on +61 2 9210 3636

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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, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members. 

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