Banking (prudential standard) determination No. 5 of 2020

Prudential Standard APS 114 Capital Adequacy: Standardised Approach to Operational Risk

I, John Lonsdale, delegate of APRA:

(a)           under subsection 11AF(3) of the Banking Act 1959 REVOKE, effective upon registration on the Federal Register of Legislation, Banking (prudential standard) determination No. 1 of 2020; and

(b)          under subsection 11AF(3) of the Act REVOKE, effective 1 January 2023, Banking (prudential standard) determination No. 7 of 2012, including Prudential Standard APS 114 Capital Adequacy: Standardised Approach to Operational Risk made under that Determination.

This instrument commences upon registration on the Federal Register of Legislation.

Dated:              8 December 2020

[Signed]

John Lonsdale

Deputy Chair

Australian Prudential Regulation Authority

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.