July 23 (Reuters) -
* AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY - PROPOSES REQUIREMENTS ON REMUNERATION IN APRA-REGULATED ENTITIES
* APRA- PROPOSES THAT FINANCIAL PERFORMANCE MEASURES MUST NOT COMPRISE MORE THAN 50% OF PERFORMANCE CRITERIA FOR VARIABLE REMUNERATION OUTCOMES
* APRA- DRAFT PRUDENTIAL STANDARD CPS 511 REMUNERATION INTRODUCES HEIGHTENED REQUIREMENTS ON APRA REGULATED ENTITIES' REMUNERATION, ACCOUNTABILITY
* APRA- PROPOSES THAT MINIMUM DEFERRAL PERIODS FOR VARIABLE REMUNERATION OF UP TO SEVEN YEARS BE INTRODUCED FOR SENIOR EXECUTIVES IN LARGER ENTITIES
* APRA- PROPOSING THAT BOARDS WILL HAVE SCOPE TO RECOVER REMUNERATION FOR UP TO FOUR YEARS AFTER IT HAS VESTED
* APRA- INTENDS TO RELEASE FINAL PRUDENTIAL STANDARD BEFORE END OF 2019, WITH A VIEW TO IT TAKING EFFECT IN 2021