SYDNEY, June 12 -- Australian Prudential Regulation Authority issued the following media release:
APRA confirms it will implement the reporting template accompanying the response paper on finalising amendments to the capital treatment for longevity products.No industry submissions were received during the consultation process, and the draft reporting template will be implemented without any further changes.
Life companies that elect to use the Advanced Illiquidity Premium (AILP) from 1 July 2026 should contact their APRA supervisor in advance.
The response paper and accompanying reporting template can be viewed on APRA's website at:Finalising amendments to the capital treatment for longevity products
Disclaimer: Curated by HT Syndication.
