The Australian Prudential Regulation Authority (APRA) has released a response to consultation and final Prudential Standard SPS 530 Investment Governance (SPS 530).
The letter issued today follows the consultation released in September 2021 on APRA's proposed revisions to SPS 530 and addresses key concerns raised by industry. It also outlines the updates implemented to SPS 530 to ensure better member outcomes by enhancing stress testing, valuation and liquidity management practices.
SPS 530 will commence on 1 January 2023.
The letter to industry, final prudential standard and non-confidential submissions are available on the APRA website at: Consultation on Prudential Standard SPS 530 Investment Governance in Superannuation.
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