№ files_lp_4_process_3_097564
Explanatory statement detailing APRA’s determinations for reporting standards under the Financial Sector (Collection of Data) Act 2001, including amendments to data collection requirements for public liability, product liability, professional indemnity, cyber insurance, and management liability.
Year: 2021
Jurisdiction: Australia
Type of document: Regulatory determination / explanatory statement
Authority: Australian Prudential Regulation Authority (APRA)
Legal basis: Financial Sector (Collection of Data) Act 2001, sections 13 and 15; Acts Interpretation Act 1901, section 33
Scope: Financial sector entities including general insurers and Lloyd’s
Subject: Public and product liability, professional indemnity, cyber insurance, and management liability data reporting
Effective date: 31 December 2021
Related instruments: GRS 800.1, GRS 800.2, GRS 800.3, LOLRS 800.1, LOLRS 800.2, LOLRS 800.3
Purpose: Revocation and replacement of previous reporting standards to include revised technical specifications and additional insurance categories
Price: 8 / 10 USD
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