APRA released a response to submissions and final reporting standard ARS 223.0 on residential mortgage lending reporting requirements for authorized deposit-taking institutions. APRA received six submissions from authorized deposit-taking institutions and industry associations in response to the proposals. No submissions objected to the proposals, but changes and clarifications were suggested.
APRA, in October 2016, released proposed revisions to the ARS 223.0 and accompanying reporting guidance. In May 2017, APRA released a revised ARS 223.0, which responded to submissions received and proposed a small number of additional data items. APRA sought feedback on these additional data items. APRA has made minor clarifications to reporting requirements and amended the reporting guidance as a result of the comments. APRA has also released reporting practice guide, which provides guidance on APRA’s view of sound practice in particular areas. Reporting will commence for authorized deposit-taking institutions that report on Reporting Form ARF 320.8 Housing Loan Reconciliation (ARF 320.8), from the reporting period ending March 31, 2018, and for the institutions that do not report on ARF 320.8, from the reporting period ending September 30, 2018.
Related Link: Response to Submissions
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