Regulatory AlertsPrudential Standard CPS 001 Defined terms
The Australian Prudential Regulation Authority issued Prudential Standard CPS 001 to centralize defined terms for the ADI and insurance prudential frameworks, replacing previous industry-specific definition standards. This standard applies to all authorized deposit-taking institutions, general insurers, life companies, and private health insurers, requiring them to use these consolidated definitions for interpreting regulatory requirements. The document revokes prior determination instruments and establishes an alphabetical index of terms with specific applicability indicators for each regulated sector.
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