The Australian Prudential Regulation Authority (APRA) has released its response to submissions on the consultation to remake three Level 3 conglomerate prudential standards ahead of their scheduled sunset on 1 October 2026.
Following consultation, APRA will remake Prudential Standards 3PS 221 Aggregate Risk Exposures, 3PS 222 Intra-group Transactions and Exposures and 3PS 310 Audit and Related Matters with administrative updates only. The updates do not introduce new requirements for conglomerate groups.
View the consultation response materials on APRA's website at: Remaking Level 3 conglomerate standards .
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