The Australian Prudential Regulation Authority has launched a consultation on targeted amendments to CPS 230 Operational Risk Management, aimed at better accommodating regulated entities that have material arrangements with non-traditional service providers. The proposals follow industry engagement during the year and APRA’s October announcement, and are intended to streamline processes and reduce regulatory burden ahead of the new standard’s implementation. Submissions are open until 30 January 2026, with APRA planning to finalise the changes ahead of the 1 July 2026 compliance date.
Australian Prudential Regulation Authority 2025-12-10
Australian Prudential Regulation Authority consults on targeted CPS 230 amendments for non-traditional service provider arrangements
The Australian Prudential Regulation Authority is consulting on amendments to CPS 230 Operational Risk Management to better accommodate entities with non-traditional service providers, aiming to streamline processes and reduce regulatory burden before the 1 July 2026 compliance date. Submissions are open until 30 January 2026.