The Australian Prudential Regulation Authority (APRA) has launched a consultation on targeted amendments to CPS 230 Operational Risk Management intended to better accommodate regulated entities that have material arrangements with non-traditional service providers. The proposed changes build on APRA’s industry engagement during the year and follow an announcement made in October. APRA framed the amendments as supporting streamlined processes for regulated entities, reducing regulatory burden, and enabling a smooth transition ahead of CPS 230 implementation. Submissions are open until 30 January 2026, and APRA expects to finalise the targeted changes ahead of the 1 July 2026 compliance date.
Australian Prudential Regulation Authority 2025-12-10
Australian Prudential Regulation Authority consults on targeted amendments to CPS 230 to accommodate non-traditional service provider arrangements
The Australian Prudential Regulation Authority (APRA) has initiated a consultation on amendments to CPS 230 Operational Risk Management to better address entities with significant arrangements with non-traditional service providers. These changes aim to streamline processes, reduce regulatory burden, and facilitate a smooth transition before CPS 230's implementation.