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) and general, life and private health insurers.
The response letter issued today follows the consultation released in June 2023 on APRA's proposed updates to ensure that the framework for ADIs and insurers is refreshed in a timely manner between more comprehensive reviews of prudential standards. The amendments are primarily technical clarifications and do not present any material change in policy settings.
The letter to industry, finalised prudential standards and non-confidential submissions are available on the APRA website at: Minor updates to the prudential framework for ADIs and insurers.
