Final Prudential Standard CPS 511 Remuneration CPS 511 - 1 Prudential Standard CPS 511 Remuneration Objectives and key requirements of this Prudential Standard The objective of this Prudential Standard is to ensure that APRAentities-regulated maintain remuneration arrangements appropriately which incentivise individuals to
5 minutes on the release of the Final Prudential Standard CPS 511 . . . - PwC CPS 511 will begin to come into effect from 1 January 2023, with a phased implementation starting with SFI authorised deposit-taking institutions (ADIs) Effective dates are staggered by institution type: ADI SFIs from 1 January 2023; Insurance and RSE licensee SFIs from 1 July 2023; Non-SFIs (across all APRA-regulated industries) from 1
APRA releases final version of CPS 511 - Allens APRA has released the final version of its prudential standard on remuneration (CPS 511), seeking to regulate incentive structures across all APRA-regulated entities We discussed the major reforms proposed by APRA in its consultation draft of November 2020 here
Pay Matters: APRAs CPS 511 Remuneration Review - Gilbert CPS 511 took effect for authorised deposit-taking institutions that are Significant Financial Institutions from 1 January 2023, superannuation and insurance SFIs from 1 July 2023 and will commence for all other APRA-regulated entities from 1 January 2024
CPS 511: Remuneration disclosures in 2025 - KWM APRA’s new remuneration reporting requirements are now a reality for APRA regulated entities APRA-regulated entities with a financial year ending on or after 31 December 2024, will be required to publish their first disclosure within six months of the end of that financial year
Remuneration requirements for all APRA-regulated entities On 18 October 2021, APRA released a final prudential practice guide on remuneration, which sets out guidance and examples of better practice to assist entities in meeting their requirements under the new prudential standard, CPS 511 Remuneration (CPS 511)
APRA finalises remuneration disclosure requirements for APRA-regulated . . . Following consultation, the Australian Prudential Regulation Authority (APRA) has released an updated version of CPS 511 Remuneration incorporating new disclosure requirements for all APRA-regulated entities Broadly, the changes require APRA-regulated entities to disclose more detailed information about how:
CPG 511 Remuneration | Prudential Handbook CPS 511 sets out requirements to ensure entities maintain remuneration arrangements which appropriately incentivise individuals to prudently manage the risks they are responsible for, and apply consequences for poor risk outcomes