Financial Sector (Collection of Data) (reporting standard) determination No. 23 of 2008 - ARS 222.0 - Exposures to Related Entities
Extended Licensed Entity (ELE)Extended Licensed Entity (ELE)
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Extended Licensed Entity (ELE)
This means, in relation to a locally-incorporated ADI:
(a) the ADI; and
(b) all subsidiaries of the ADI that have been approved under Prudential Standard APS 110 Capital Adequacy (APS 110) for the purposes of Prudential Standard APS 222 Associations with Related Entities (APS 222) (each made under s 11AF of the Banking Act 1959) taken together and treated as if they formed a single entity for the purposes of measuring the ADI’s exposures to related entities.
Subject to specific requirements, APRA may deem a subsidiary of an ADI (other than an entity regulated by APRA or by a foreign equivalent) to be part of the ADI itself for the purposes of measuring the ADI’s exposures to related entities (refer to APS 110 and APS 222).