New cross-industry prudential standard on definitions for ADIs and insurers
This page contains information on a new cross-industry prudential standard that aims to consolidate existing standards on definitions for authorised deposit-taking institutions and insurers.
November 2023
On 27 November 2023, APRA released for consultation a new cross-industry prudential standard to consolidate all existing standards on definitions for authorised deposit-taking institutions and general, life and private health insurers.
Written submissions should be sent to PolicyDevelopment@apra.gov.au by 13 March 2024.
The consultation letter, proposed new prudential standard CPS 001 Defined terms (CPS 001) and CPS 001 excel document are available below:
Letter
A new centralised glossary for APRA’s prudential framework
Prudential standard
Excel supporting document
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.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.