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cps

Findings from CPS 511 pre-implementation review

Letter

… Breadcrumb Home Search Content Letters Findings from CPS 511 pre-implementation review Wednesday 6 September 2023 … for remuneration, APRA developed Prudential Standard CPS 511 Remuneration ( CPS 511 ). At the time of finalising CPS 511, APRA committed …

Thematic review of CPS 190 Recovery and Exit Planning readiness in the superannuation industry

Letter

… Breadcrumb Home Search Content Letters Thematic review of CPS 190 Recovery and Exit Planning readiness in the … members’ best financial interests. Prudential Standard CPS 190 Recovery and Exit Planning (CPS 190) commences on 1 January 2025 for RSE licensees. This …

Prudential map for private health insurance

Content

… Governance Topic Title Standard Guidance Board Governance CPS 510 HPG 510 Accountability Fit and Proper CPS 520 HPG 520 Actuarial Actuarial CPS 320 CPG 320 Audit Audit  HPS 310 - Remuneration …

Infographic - Strengthening operational resilience accessible version

Content

… to customers and the financial system. Key features of CPS 230 Operational Risk Management   Entities must manage … Implementation Existing standards until 31 December 2023  CPS 231 CPS 232 CPS 234 HPS 231 SPS 231 SPS 232. Standards from 1 …

Prudential map for general insurance

Content

… Governance Topic Title Standard Guidance Board Governance CPS 510 - Accountability Fit and Proper CPS 520 GPG 520 Actuarial Actuarial CPS 320 CPG 320 Audit Audit 3PS 310 -   Audit GPS 310 - …

Prudential map for life insurance

Content

… Governance Topic Title Standard Guidance Board Governance CPS 510 - Accountability Conflicts of Interest - LPG 260   Fit and Proper CPS 520 LPG 520 Actuarial Actuarial CPS 320 CPG 320 Audit Audit 3PS 310 -   Audit and Related …

Role of the Appointed Actuary - frequently asked questions

Content

… are added.  1: Do the requirements of Prudential Standard CPS 320 Actuarial and Related Matters (CPS 320) (effective 1 July 2019) apply to Financial Condition … Reports for insurers (as defined in paragraph 2 of CPS 320) with a 30 June 2019 balance date? APRA prefers that …

Recovery and exit planning

Letter

… APRA has finalised the requirements of Prudential Standard CPS 190 Recovery and Exit Planning (CPS 190). Draft CPS 190 had been subject to industry consultation since …

Prudential map for authorised deposit-taking institutions

Content

… Governance Topic Title Standard Guidance Board Governance CPS 510 - Accountability Fit and Proper CPS 520 APG 520 Audit Audit 3PS 310 -   Audit APS 310 - … Public Disclosure  APS 330 - Remuneration Remuneration CPS 511 CPG 511 Risk management Topic Title Standard Guidance …

Consultation on draft guidance for financial contingency and resolution planning

Letter

… requirements under the proposed new prudential standards, CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900).  As a resolution …

Substituted compliance for margin requirements for non-centrally cleared derivatives

Letter

… its plans to make a minor amendment to Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226). APRA noted that it would add the UK’s Prudential … (FCA) to the list of foreign regulators in Attachment D of CPS 226, if APRA assessed that the UK regulators’ new …

A new centralised glossary for APRA’s prudential framework

Letter

… a new cross-industry standard, Prudential Standard CPS 001 Defined terms (CPS 001). CPS 001 centralises APRA’s five existing definitions …

Guidance on remuneration

Letter

… entities in implementing the new Prudential Standard CPS 511 Remuneration (CPS 511). The Prudential Practice Guide CPG 511 Remuneration … to assist entities in meeting their requirements under CPS 511. In particular, CPG 511 provides entities with …

Accessible version of figure 1 - Superannuation prudential framework 

Content

… Core standard: SPS 510 Supporting standards: SPS 310, CPS 511, SPS 520, SPS 521 Guidance: SPG 310, SPG 510, CPG … and systems Core standard: SPS 220 Supporting standards: CPS 226, CPS 230, SPS 231, SPS 232, CPS 234 Guidance: SPG 220, SPG …

Response to submissions – Centralised glossary for APRA’s prudential framework

Letter

… 27 November 2023, APRA released draft Prudential Standard CPS 001 Defined terms (CPS 001) for consultation. This letter shares industry … of the standard is now available. About the standard CPS 001 is a new cross-industry standard which consolidates …

Accessible version - Figure on APRA's prudential framework - SPG 516 Business Performance Review

Content

… Core standard: SPS 510 Supporting standards: SPS 310, CPS 511, SPS 520, SPS 521 Guidance: SPG 310, SPG 510, CPG … and systems Core standard: SPS 220 Supporting standards: CPS 226, CPS 230, SPS 231, SPS 232, CPS 234 Guidance: SPG 220, SPG …

Accessible version - Figure on APRA's prudential framework - SPG 515 Strategic and Transfer Planning

Content

… Core standard: SPS 510 Supporting standards: SPS 310, CPS 511, SPS 520, SPS 521 Guidance: SPG 310, SPG 510, CPG … and systems Core standard: SPS 220 Supporting standards: CPS 226, CPS 230, SPS 231, SPS 232, CPS 234 Guidance: SPG 220, SPG …

Recovery and resolution planning

Letter

… and Exit Planning (CPG 190); 1 Prudential Standard CPS 900 Resolution Planning (CPS 900); and Prudential Practice Guide CPG 900 Resolution … APRA has enhanced its resolution planning and readiness. CPS 900 is an important part of this. It will require …

Prudential map for superannuation

Content

… 521 Audit Audit SPS 310 SPG 310 Remuneration Remuneration CPS 511 CPG 511 SPG 511 Risk management Topic Title Standard … Risk Management SPS 220 SPG 220 Market Risk Margining CPS 226 - Operational Risk Fraud Risk Management - SPG 223   … 232   Pandemic Planning - CPG 233   Information Security CPS 234 CPG 234   Managing Data Risk - CPG 235   Climate …

Data breach - Frequently asked questions

Content

… to provide written attestation to APRA Prudential Standard CPS 234 Information Security , in the context of accessing … will be managed in accordance with Prudential Standard CPS 234 Information Security .  2. What is required for the CPS 234 attestation to APRA?  The entity is required to meet, …