APRA remakes Level 3 conglomerate standards with administrative updates
APRA will remake Prudential Standards 3PS 221, 3PS 222 and 3PS 310 with administrative updates only ahead of 1 October 2026 sunset.
APRA confirmed the three Level 3 conglomerate standards will be remade with reference updates and interpretation clarifications, imposing no new requirements. Conglomerate groups should refresh internal documentation but do not need to redesign controls or risk frameworks.
Prevents regulatory gap at sunset date while maintaining continuity of conglomerate prudential oversight.
Action Required
Update policy references to the remade Level 3 standards and confirm no substantive control changes are required.
Applies to Level 3 conglomerate groups subject to APRA prudential supervision.
Refresh policy citations to remade 3PS 221, 3PS 222 and 3PS 310. Confirm no downstream RCSA control changes. Communicate administrative nature of updates to conglomerate risk owners.
“APRA will remake Prudential Standards 3PS 221 Aggregate Risk Exposures, 3PS 222 Intra-group Transactions and Exposures and 3PS 310 Audit and Related Matters with administrative updates only ahead of the 1 October 2026 sunset.”
Published: 2026-07-27