Superannuation (prudential standard) determination No. 2 of 2012 - Prudential Standard SPS 220 - Risk Management
Risk management declarationRisk management declaration
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Risk management declaration
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The Board must, on an annual basis, provide APRA with a declaration on risk management (risk management declaration) signed by two directors that satisfies the requirements set out in Attachment A to this Prudential Standard.
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An RSE licensee must submit the risk management declaration to APRA on, or before, the day that the RSE licensee is required to submit annual information under reporting standards made by APRA under the Financial Sector (Collection of Data) Act 2001.
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If the Board qualifies the risk management declaration, the qualified declaration must include a description of any material deviation from the RSE licensee’s risk management framework and the steps taken, or proposed to be taken, to remedy those deviations.