GRCStandard

APS 222

Prudential Standard APS 222: Associations with Related Entities

APS 222 is a prudential standard issued by the Australian Prudential Regulation Authority (APRA) aimed at ensuring that authorised deposit-taking institutions (ADIs) identify, monitor, and control risks related to their associations and dealings with related entities. It mandates policies and limits on exposures to mitigate contagion and step-in risks.

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Overview

APS 222 sets out requirements for ADIs to manage the contagion risks that arise from relationships with related entities and entities creating step-in risks. It applies to all ADIs on a Level 1 basis, except purchased payment facility providers, with limited requirements for foreign ADIs. The standard mandates ADIs to have a board-approved policy, identify and control potential risks arising from associations with related entities, and maintain defined limits on exposures. Related entities include those controlled by the ADI or entities with significant influence over the ADI. APS 222 supports CPS 220.

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