APRA SPS 220 Risk Management (Superannuation)
Australian Prudential Regulation Authority Prudential Standard SPS 220 sets out risk management requirements specifically for RSE licensees (superannuation trustees). It requires RSE licensees to maintain a Board-approved risk management framework covering material risks to the business operations and to the interests of beneficiaries.
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Framework Domains (5)
Board and Senior Management
| Code | Title |
|---|---|
| SPS220-14 | Board Responsibility for Risk |
| SPS220-15 | Senior Management Responsibility |
| SPS220-16 | Risk Management Function |
Review and Reporting
| Code | Title |
|---|---|
| SPS220-27 | Framework Review |
| SPS220-28 | Risk Management Declaration |
| SPS220-29 | Internal Audit |
Risk Categories
| Code | Title |
|---|---|
| SPS220-23 | Operational Risk |
| SPS220-24 | Insurance Risk |
| SPS220-25 | Liquidity Risk |
| SPS220-26 | Strategic and Concentration Risk |
Risk Management Framework
| Code | Title |
|---|---|
| SPS220-17 | Risk Management Framework Requirement |
| SPS220-18 | Scope of Framework |
| SPS220-19 | Risk Management Policy |
Risk Management Strategy
| Code | Title |
|---|---|
| SPS220-20 | Risk Management Strategy |
| SPS220-21 | Risk Appetite Statement |
| SPS220-22 | Risk Identification and Assessment |
Maps to 396 other frameworks
Frequently Asked Questions
What is APRA SPS 220 Risk Management (Superannuation)?
APRA SPS 220 Risk Management (Superannuation) is a compliance framework from Australia with 5 domains and 16 controls. Australian Prudential Regulation Authority Prudential Standard SPS 220 sets out risk management requirements specifically for RSE licensees (superannuation trustees). It requires RSE licensees to maintain a Board-approved risk management framework covering material risks to the business operations and to the interests of beneficiaries. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does APRA SPS 220 Risk Management (Superannuation) have?
APRA SPS 220 Risk Management (Superannuation) has 16 controls organised across 5 domains. The largest domains are Risk Categories (4 controls), Board and Senior Management (3 controls), Review and Reporting (3 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does APRA SPS 220 Risk Management (Superannuation) map to?
APRA SPS 220 Risk Management (Superannuation) maps to 396 other compliance frameworks. The top mapping partners are Singapore AI Governance Framework (25% coverage), NERC CIP (25% coverage), Critical Infrastructure Risk Management Program (CIRMP) Rules 2023 (25% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with APRA SPS 220 Risk Management (Superannuation) compliance?
Start your APRA SPS 220 Risk Management (Superannuation) compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about APRA SPS 220 Risk Management (Superannuation) requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 16 controls and track your progress.
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