Proportionality and significant financial institutions
This page contains APRA’s consultation regarding the use of the term significant financial institution in APRA’s prudential standards.
July 2022
On 20 July 2022, APRA released a response to consultation on proposed minor amendments to align and centralise the definition of a significant financial institution (SFI) within the prudential framework.
The letter to industry, finalised prudential standards and non-confidential submissions are available below:
Letter
Minor amendments to centralise the definition of a signification financial institution
Prudential standards
Non-confidential submissions
April 2022
On 4 April 2022, APRA commenced a consultation on minor amendments to align and centralise the definition of a significant financial institution (SFI) within the prudential framework.
Written submissions on this consultation are due by 2 May 2022.
The letter to industry and draft prudential standards can be found below:
Letter
Consultation on minor amendments to centralise the definition of a significant financial institution
Draft prudential standards
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.