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Financial Sector (Collection of Data) (reporting standard) determination No. 112 of 2023
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| Operational Risk Charge | The Operational Risk Charge is the minimum amount of capital required to be held against operational risks. The Operational Risk Charge relates to the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.This must be determined in accordance with Prudential Standard LPS 118 Capital Adequacy: Operational Risk Charge (LPS 118). |
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| Operational Risk Charge for investment-linked business (ORCI) | This is the Operational Risk Charge relating to the fund's investment-linked business.The ORCI must be calculated in accordance with LPS 118. |
| Operational Risk Charge for other business (ORCO) | This is the Operational Risk Charge relating to the fund's businesses other than risk and investment-linked business.The ORCO must be calculated in accordance with LPS 118. |
| Operational Risk Charge for risk business (ORCR) | This is the Operational Risk Charge relating to the fund's risk business.The ORCR must be calculated in accordance with LPS 118. |