Commonwealth legislation

Banking (prudential standard) determination No. 3 of 2011 - Prudential Standard APS 150 - Capital Adequacy: Basel II Transition (Advanced ADIs)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

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Commonwealth

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legislative instrument

Plain English Summary

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This appears to be the legislative instrument (determination) that formally creates Prudential Standard APS 150, but the substantive content of the standard is missing from the provided text. What is shown is only the 'cover page' that revokes the previous 2007 version and establishes this 2011 version as taking effect on 30 June 2011.

Based on the title, this standard would set capital adequacy rules (how much capital banks must hold as a buffer against losses) specifically for Advanced ADIs (banks using sophisticated internal models to calculate risk) during the transition to Basel II (international banking standards). However, the actual requirements—such as specific capital ratios, transition timelines, or calculation methodologies—are not included in the excerpt provided.

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Banking (prudential standard) determination No. 3 of 2011 - Prudential Standard APS 150 - Capital Adequacy: Basel II Transition (Advanced ADIs)

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Banking (prudential standard) determination No. 3 of 2011

Prudential standard APS 150 Capital Adequacy: Basel II Transition (Advanced ADIs)

Banking Act 1959

I, Charles Watts Littrell, a delegate of the Australian Prudential Regulation Authority, under subsection 11AF(3) of the Banking Act 1959 (the Act), REVOKE Prudential Standard APS 150 Capital Adequacy: Basel II Transition (Advanced ADIs) made by Banking (prudential standard) determination No. 12 of 2007.

This instrument takes effect on 30 June 2011.

Dated 21 June 2011

[Signed]

Charles Watts Littrell

Executive General Manager

Policy Research and Statistics

Australian Prudential Regulation Authority

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.