Aug 8 (Reuters) - Australian Prudential (LON:PRU) Regulation Authority:
* SERVED INFRINGEMENT NOTICES ON WESTPAC AND 2 OF ITS UNITS
* SERVED INFRINGEMENT NOTICES FOR FAILING TO MEET THEIR LEGAL OBLIGATIONS TO REPORT DATA TO APRA.
* WESTPAC WAS UP TO 20 DAYS LATE IN FILING ITS REPORTS FOR MONTH ENDING 31 MARCH 2019 WHICH WERE DUE ON 1 MAY
* APRA HAS SERVED INFRINGEMENT NOTICES ON WESTPAC AND TWO UNITS FOR FAILING TO MEET THEIR LEGAL OBLIGATIONS TO REPORT DATA TO APRA
* APRA REQUIRES WESTPAC ENTITIES TO PAY A CUMULATIVE PENALTY OF $1.5 MILLION
* APRA SENT SHOW CAUSE NOTICES TO WESTPAC ENTITIES ON 22 JULY SEEKING THEIR RESPONSES TO APRA'S INTENTION TO SERVE THEM WITH INFRINGEMENT NOTICES
* WESTPAC ENTITIES HAVE UNTIL 6 SEPTEMBER TO PAY THE FINES IMPOSED BY THE INFRINGEMENT NOTICES