The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper and 10 draft prudential practice guides (PPGs) for the superannuation industry on matters that a registrable superannuation entity licensee (RSE licensee) may consider to assist it in meeting the requirements in APRA’s prudential standards.

The draft PPGs are:
Prudential Practice Guide SPG 114 Operational Risk Financial Requirement;
Prudential Practice Guide SPG 220 Risk Management;
Prudential Practice Guide SPG 231 Outsourcing;
Prudential Practice Guide SPG 232 Business Continuity Management;
Prudential Practice Guide SPG 250 Insurance in Superannuation;
Prudential Practice Guide SPG 510 Governance;
Prudential Practice Guide SPG 520 Fit and Proper;
Prudential Practice Guide SPG 521 Conflicts of Interest;
Prudential Practice Guide SPG 530 Investment Strategy – Formulation; and
Prudential Practice Guide SPG 531 Investment Strategy – Implementation.

A second set of draft PPGs will be released for consultation in the second quarter of 2013.