APRA proposes changes to strengthen and streamline governance
6 March 2025 – APRA has released eight proposals to strengthen its prudential governance framework for banks, insurers and superannuation trustees. The proposals will address current areas of poor practice and help ensure that all regulated entities are governed by leaders with the skill and the right experience to navigate today’s complex risk environment. APRA is also seeking to streamline its governance framework by stripping away duplicative or unnecessary requirements and developing a single set of prudential standards for all APRA-regulated industries.
APRA is seeking consultation from a wide range of stakeholders including banks, insurers and superannuation trustees and their respective directors, industry bodies and consumer representatives. The consultation period is now open with changes not set to be released until 2026. Read more here.
Policies affected: Seeking consultation for the next 3 months, potentially governance frameworks
Organisations affected: Banks, insurers and superannuation trustees
Cboe Australia – Change to the Operating Rules: Procedures
10 March 2025 – Cboe has released updatedoperating rules in relation to Technical Notice 0003-25 auctions on Cboe Australia quoted symbols.
The change will provide for Cboe Australia Quoted Funds to be specified for the purpose of the definition of auction eligible product, in respect of which an auction may be held. Read more here.
Policies affected: Review and update any market related policies relevant to your business
Organisations affected: Cboe participants
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