Following industry feedback highlighting challenges when applying CPS 230’s contractual obligations to arrangements with non-traditional service providers (NTSPs), the Australian Prudential Regulation Authority (APRA) will consult on targeted amendments to CPS 230 Operational Risk Management (CPS 230) to apply from 1 July 2026.

NTSPs are providers that are typically market-mandated, such as stock exchanges, payment schemes or clearing and settlement facilities which rely on standardised, non-negotiable terms.

The proposed amendments will clarify APRA’s expectations for arrangements with NTSPs, particularly around contract uplift and service level monitoring.

All other risk obligations under CPS 230 will remain unchanged.

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Author: David Jacobson
Principal, Bright Corporate Law
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The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.