Media release

APRA releases response to consultation on minor amendments to prudential framework for ADIs, insurers and RSE licensees

The consultation is part of the minor framework update process to ensure that clarifying and technical changes to the prudential framework are made in a timely manner.
All industries
Published
5 December 2024
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The Australian Prudential Regulation Authority (APRA) has released a response to consultation on proposed minor amendments to the prudential framework for authorised deposit-taking institutions (ADIs), insurers and registrable superannuation entity (RSE) licensees.

The response letter issued today follows the release of the proposed updates for consultation in September 2024. The intention is to refresh the prudential framework in a timely manner between more comprehensive reviews of prudential standards.

The letter to industry, finalised prudential standards and non-confidential submissions are available on the APRA website at: Minor updates to the prudential framework.

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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