The Australian Prudential Regulation Authority has released its response to consultation and final prudential standards remaking three Level 3 conglomerate standards that were due to sunset on 1 October 2026. The remade standards cover Audit and Related Matters, Aggregate Risk Exposures, and Intra-group Transactions and Exposures. The changes are administrative only, updating references and inserting an interpretation paragraph and a previous exercise of discretion paragraph, and do not impose new requirements on Level 3 conglomerate groups. APRA said it received one submission during the consultation. The respondent noted that the exercise, while largely administrative, was an opportunity to reinforce governance, accountability and supervisory clarity across complex organisational groups. APRA said the Level 3 conglomerate standards remain fit for purpose and that no further changes are proposed. APRA indicated it will remake the standards with these administrative updates before the 1 October 2026 sunsetting date.
Australian Prudential Regulation Authority2026-07-27
Australian Prudential Regulation Authority releases final Level 3 conglomerate standards with administrative updates ahead of 1 October 2026 sunset
The Australian Prudential Regulation Authority has issued final standards remaking three Level 3 conglomerate prudential standards before their 1 October 2026 sunset date. The changes are administrative only and do not create new requirements for conglomerate groups. APRA received one submission and said no further changes are proposed.