Sept 26 (Reuters) - Suncorp Group Ltd SUN.AX :
* SAYS HAS BEEN FOCUSSED ON REGULATORY REQUIREMENTS AND IS MAKING GOOD PROGRESS ON CRITICAL AREAS
* SAYS HAS ALREADY IMPLEMENTED SEVERAL RECOMMENDATIONS IDENTIFIED BY THE ROYAL COMMISSION
* SAYS HAS ALSO IMPLEMENTED RECOMMENDATIONS BY ITS OWN RISK GOVERNANCE SELF-ASSESSMENT TO APRA AND REVIEWS CONDUCTED BY NZ REGULATORS
* SAYS BOARD WILL BE SEEKING SHAREHOLDER APPROVAL TO DISTRIBUTE REMAINING SURPLUS CAPITAL FROM SALE OF AUSTRALIAN LIFE BUSINESS
* SAYS DISTRIBUTION, THAT'S PENDING APPROVAL, WILL BE IN THE FORM OF 39 CENTSPER SHARE RETURN OF CAPITAL WITH RELATED SHARE CONSOLIDATION
* SAYS BOARD WILL BE SEEKING SHAREHOLDER APPROVAL TO DISTRIBUTE REMAINING SURPLUS CAPITAL FROM SALE OF AUSTRALIAN LIFE BUSINESS