APRA publishes updated frequently asked questions for licensing
The Australian Prudential Regulation Authority (APRA) has made some minor amendments to frequently asked questions (FAQs) for APRA's licensing process.
The updates incorporate changes from the introduction of the Financial Accountability Regime (FAR) and remove duplication of commentary reflected in ‘APRA’s Information paper ADIs: New entrants – a pathway to sustainability’.
The APRA licensing FAQs are available on the APRA website: APRA's licensing process - frequently asked questions.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.