Nov 25 (Reuters) - Australian Prudential (LON:PRU) Regulation Authority:
* CONSULTS ON IMPLEMENTATION OF AASB 17 FOR INSURANCE CAPITAL AND REPORTING
* SAYS ALSO UPDATING LIFE AND GENERAL INSURANCE CAPITAL (LAGIC) FRAMEWORK
* PROPOSALS NOT EXPECTED TO SIGNIFICANTLY CHANGE MINIMUM CAPITAL REQUIREMENTS OR MATERIALLY IMPACT PREMIUMS
* FINAL APRA CAPITAL AND REPORTING STANDARDS WILL BECOME EFFECTIVE FROM 1 JULY 2023
* CONSULTATION ON DISCUSSION PAPER WILL CLOSE ON 31 MARCH 2021
* UPDATED CAPITAL & REPORTING STANDARDS EXPECTED TO RELEASE IN LATE-2021 FOR FURTHER CONSULTATION