Financial Sector (Collection of Data) (reporting standard) determination No. 14 of 2024 (Cth)

Financial Sector (Collection of Data) (reporting standard) determination No. 14 of 2024

Reporting Standard ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk

Financial Sector (Collection of Data) Act 2001

I, Andrew Robertson, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

1. revoke Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2021, including Reporting Standard ARS 114.0 Standardised Approach – Operational Risk made under that Determination;

1. revoke Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2018, including Reporting Standard ARS 115.0 Advanced Measurement Approaches (AMA) to Operational Risk made under that Determination;

1. revoke Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2022, including Reporting Standard ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk made under that Determination; and

1. determine Reporting Standard ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of that reporting standard.

Under section 15 of the Act, I declare that Reporting Standard ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk shall begin to apply to those financial sector entities, and the revoked reporting standards shall cease to apply, on the day after this instrument is registered on the Federal Register of Legislation.

This instrument commences on the day after it is registered on the Federal Register of Legislation.