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International Law
: Australian Regulatory Compliance ReviewManaging conflicts in super fund trustees
The Australian Prudential Regulation Authority (APRA) has released for public consultation draft guidance on managing conflicts of interest for APRA-supervised superannuation trustees (known as Registrable Superannuation Entity (RSE licensees).Download discussion paper and draft Prudential Practice Guide 521 Conflicts of interest (SPG 521) here.
The draft SPG 521 complements guidance provided by the Australian Securities and Investment Commission to Australian Financial Services Licence (AFSL) holders by focussing on the governance of the RSE licensee, including those that do not hold an AFSL.
APRA invites interested parties to comment on the draft guide by 30 April 2009.
Full post as published by Australian Regulatory Compliance Review on April 05, 2009 (boomark / email).
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