Consultation on proposed registration form
May 2019
Response letter and submission guidelines
On 15 May 2019, we published a letter to authorised deposit-taking institutions (ADIs) responding to submissions on a new registration form for the Banking Executive Accountability Regime (BEAR) and providing guidelines for submitting applications for the registration of accountable persons.
We released the draft ARF 550.0 Banking Executive Accountability Regime – Registration Form for consultation December 2018. The form is to be used by small and medium ADIs to register responsible persons under the BEAR, which comes into effect for these entities from 1 July 2019. Applications for the registration of accountable persons can be made from 20 May 2019.
Reporting form
Other responses
December 2018
Consultation on proposed registration form
We consulted on the draft Banking Executive Accountability Regime – Registration Form (ARF 550.0). We proposed that an ADI use the form to apply to register an accountable person for the purpose of Part IIAA of the Banking Act 1959 (the Act). We also proposed the form should be used when notifying APRA as required under the notification obligations in section 37F of the Act, being:
- any change to an accountability statement of an accountable person;
- any change to an accountability map of the ADI; and
- an individual ceasing to be an accountable person.
The consultation closed on 12 February 2019.
Other consultations on BEAR
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.