Regulatory AlertsSPS 530 Investment Governance
The Australian Prudential Regulation Authority issued Prudential Standard SPS 530 to require all registrable superannuation entity licensees to implement a sound investment governance framework. The standard mandates that boards establish specific investment objectives, conduct rigorous due diligence, and maintain comprehensive stress testing and liquidity management programs. Additionally, licensees must enforce effective valuation governance and ensure regular independent reviews of their investment strategies and governance structures.
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