Banking, Insurance and Life Insurance (prudential standard) determination No. 2 of 2014 - Prudential Standard CPS 232 - Business Continuity Management
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Terms that are defined in Prudential Standard APS 001 Definitions (APS 001), Prudential Standard GPS 001 Definitions (GPS 001) or Prudential Standard LPS 001 Definitions (LPS 001) appear in bold the first time they are used in this Prudential Standard.
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A ‘Level 2 group’ is:
(a) the consolidation of entities defined as Level 2 in APS 001; or
(b) a Level 2 insurance group as defined in GPS 001.
- The ‘Head of a Level 2 group’ is:
(a) where an ADI that is a member of a Level 2 group is not a subsidiary of an authorised banking NOHC or another ADI, that ADI;
(b) where an ADI that is a member of a Level 2 group is a subsidiary of an authorised banking NOHC, that authorised banking NOHC; or
(c) the parent entity of a Level 2 insurance group as defined in GPS 001.