Regulatory AlertsSPG 114 Operational Risk Financial Requirement
The Australian Prudential Regulation Authority issues this guide to direct Registrable Superannuation Entity licensees on maintaining financial resources to cover operational risks under Prudential Standard SPS 114. The document mandates that licensees establish an Operational Risk Financial Requirement strategy, including specific target amounts based on funds under management and defined tolerance limits. It further details permissible uses of these resources, requirements for liquidity and capital quality, and obligations for shortfall replenishment, annual reviews, and APRA notification.
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