By
Tobi Groos and Andre Kreicers
May 7 2025
2 Minutes
APRA CPS 230 Readiness Blueprint
APRA CPS 230 Readiness Blueprint
Most Financial Services entities are still climbing the mountain to compliance. The countdown is on to APRA #CPS230 which comes into effect on 1 July 2025. While most regulated entities are deep into implementation, including Board level discussions, focus should now be on how best to ensure Day 1 compliance. Also how to transition from project delivery to effective integration of the new requirements into routine business operations.
What APRA is expecting on Day 1: By 1 July 2025, regulated entities must be able to demonstrate:
Defined critical operations and documented supporting process and resources
Documented and approved tolerance levels for disruptions
Operational risk management frameworks that are fit for purpose for the new standard
Oversight and clear accountability at Board and senior management levels
Credible business continuity plans and systematic scenario testing linked to critical operations and tolerance levels (Note: non-SFIs enjoy a "grace period" through to 1 July 2026)
Defined material service providers supported by a comprehensive service provider management policy, formal agreements and robust monitoring to manage these arrangements
Uplifted APRA notification and internal reporting capabilities
Each of these requirements should be accompanied by evidence of compliance, with an audit trail overseen by formal governance mechanisms.
Are You Set Up for Sustainable Compliance?
CPS 230 is not a ‘set-and-forget’ obligation. APRA’s expectation is that operational resilience is embedded into business-as-usual activities, processes and risk culture.
Key questions for testing the level of embeddedness would include:
Do we have clear accountabilities for all aspects of managing operational risk?
Have we updated our governance to oversee all aspects of CPS 230 on an ongoing basis?
Do we have effective and regular reporting up to Board level on operational risk?
Are our risk and resilience disciplines integrated or do they remain siloed?
Have our policies, frameworks and processes been updated to align with the new standard?
Have we uplifted our practices in the areas of incident response, business continuity management and supplier management sufficiently to meet the new requirements?
APRA’s Supervisory Framework is the vehicle that APRA will use to obtain a view on CPS 230 compliance. APRA reviews can be expected from 1 July 2025 and may include a range of engagements such as prudential meetings, prudential reviews or queries in response to the notifications and submissions required under CPS230. Regulated entities should ensure they are ready to be able to evidence compliance.
How Are You Assessing Your Readiness?
Self-assessment is fast becoming a crucial step in the CPS 230 journey. Many organisations are conducting CPS 230 readiness reviews - not just to prepare for upcoming conversations with APRA, but to also validate compliance evidence and sustainable operationalisation.
Expected practice is:
To have independently assessed current state vs CPS 230 requirements?
The Board can confidently attest to operational resilience posture?
To have documented evidence of compliance sufficient for regulatory scrutiny?
Call to Action
If you are unsure whether you will meet CPS 230 Day-1 expectations, or if you're preparing to conduct a self-assessment - CapitalConsult can help.
We are currently working with APRA-regulated entities to:
Operationalise CPS 230 designs and methods
Embed CPS230 requirements into policies and frameworks
Align business operations with CPS230 expectations
Support Board-level engagement, reporting and assurance
Implement a compliance evidence checklist
Conduct targeted readiness and self-assessment reviews
With under 2 months to go before CPS 230 goes live, FSIs should be comfortable that they can meet APRA’s expectations on Day-1 and be able to demonstrate this if APRA comes knocking.
Reach out today to schedule a CPS 230 readiness discussion. Day 1 is almost here—let’s make sure you’re ready for it.
About the authors: Tobi Groos and Andre Kreicers are from Capital Consult, a specialist provider of advice, consulting, and services to the Financial Services industry since 2008. Capital Consult assists organizations in interpreting and achieving compliance with APRA prudential standards, guidelines, and supervisory directions. They have extensive experience in helping FSI clients manage their APRA and regulatory obligations for CPS 230 readiness.
Is APRA keeping you up at night?
We get it! You’re not the only one.
The forever evolving nuances of regulation and compliance can seem complex when looking from the outside in. As specialists dealing with these nuances every day, we can spot the gaps quickly and advise you on what’s important, what’s urgent and what will have you rest at ease.
If you’d like to chat about where you’re at, get in touch - we’re here to help.
Is APRA keeping you up at night?
We get it! You’re not the only one.
The forever evolving nuances of regulation and compliance can seem complex when looking from the outside in. As specialists dealing with these nuances every day, we can spot the gaps quickly and advise you on what’s important, what’s urgent and what will have you rest at ease.
If you’d like to chat about where you’re at, get in touch - we’re here to help.
Is APRA keeping you up at night?
We get it! You’re not the only one.
The forever evolving nuances of regulation and compliance can seem complex when looking from the outside in. As specialists dealing with these nuances every day, we can spot the gaps quickly and advise you on what’s important, what’s urgent and what will have you rest at ease.
If you’d like to chat about where you’re at, get in touch - we’re here to help.
By
Tobi Groos and Andre Kreicers
May 7 2025
2 Minutes
APRA CPS 230 Readiness Blueprint
APRA CPS 230 Readiness Blueprint
Most Financial Services entities are still climbing the mountain to compliance. The countdown is on to APRA #CPS230 which comes into effect on 1 July 2025. While most regulated entities are deep into implementation, including Board level discussions, focus should now be on how best to ensure Day 1 compliance. Also how to transition from project delivery to effective integration of the new requirements into routine business operations.
What APRA is expecting on Day 1: By 1 July 2025, regulated entities must be able to demonstrate:
Defined critical operations and documented supporting process and resources
Documented and approved tolerance levels for disruptions
Operational risk management frameworks that are fit for purpose for the new standard
Oversight and clear accountability at Board and senior management levels
Credible business continuity plans and systematic scenario testing linked to critical operations and tolerance levels (Note: non-SFIs enjoy a "grace period" through to 1 July 2026)
Defined material service providers supported by a comprehensive service provider management policy, formal agreements and robust monitoring to manage these arrangements
Uplifted APRA notification and internal reporting capabilities
Each of these requirements should be accompanied by evidence of compliance, with an audit trail overseen by formal governance mechanisms.
Are You Set Up for Sustainable Compliance?
CPS 230 is not a ‘set-and-forget’ obligation. APRA’s expectation is that operational resilience is embedded into business-as-usual activities, processes and risk culture.
Key questions for testing the level of embeddedness would include:
Do we have clear accountabilities for all aspects of managing operational risk?
Have we updated our governance to oversee all aspects of CPS 230 on an ongoing basis?
Do we have effective and regular reporting up to Board level on operational risk?
Are our risk and resilience disciplines integrated or do they remain siloed?
Have our policies, frameworks and processes been updated to align with the new standard?
Have we uplifted our practices in the areas of incident response, business continuity management and supplier management sufficiently to meet the new requirements?
APRA’s Supervisory Framework is the vehicle that APRA will use to obtain a view on CPS 230 compliance. APRA reviews can be expected from 1 July 2025 and may include a range of engagements such as prudential meetings, prudential reviews or queries in response to the notifications and submissions required under CPS230. Regulated entities should ensure they are ready to be able to evidence compliance.
How Are You Assessing Your Readiness?
Self-assessment is fast becoming a crucial step in the CPS 230 journey. Many organisations are conducting CPS 230 readiness reviews - not just to prepare for upcoming conversations with APRA, but to also validate compliance evidence and sustainable operationalisation.
Expected practice is:
To have independently assessed current state vs CPS 230 requirements?
The Board can confidently attest to operational resilience posture?
To have documented evidence of compliance sufficient for regulatory scrutiny?
Call to Action
If you are unsure whether you will meet CPS 230 Day-1 expectations, or if you're preparing to conduct a self-assessment - CapitalConsult can help.
We are currently working with APRA-regulated entities to:
Operationalise CPS 230 designs and methods
Embed CPS230 requirements into policies and frameworks
Align business operations with CPS230 expectations
Support Board-level engagement, reporting and assurance
Implement a compliance evidence checklist
Conduct targeted readiness and self-assessment reviews
With under 2 months to go before CPS 230 goes live, FSIs should be comfortable that they can meet APRA’s expectations on Day-1 and be able to demonstrate this if APRA comes knocking.
Reach out today to schedule a CPS 230 readiness discussion. Day 1 is almost here—let’s make sure you’re ready for it.
About the authors: Tobi Groos and Andre Kreicers are from Capital Consult, a specialist provider of advice, consulting, and services to the Financial Services industry since 2008. Capital Consult assists organizations in interpreting and achieving compliance with APRA prudential standards, guidelines, and supervisory directions. They have extensive experience in helping FSI clients manage their APRA and regulatory obligations for CPS 230 readiness.
Is APRA keeping you up at night?
We get it! You’re not the only one.
The forever evolving nuances of regulation and compliance can seem complex when looking from the outside in. As specialists dealing with these nuances every day, we can spot the gaps quickly and advise you on what’s important, what’s urgent and what will have you rest at ease.
If you’d like to chat about where you’re at, get in touch - we’re here to help.
Is APRA keeping you up at night?
We get it! You’re not the only one.
The forever evolving nuances of regulation and compliance can seem complex when looking from the outside in. As specialists dealing with these nuances every day, we can spot the gaps quickly and advise you on what’s important, what’s urgent and what will have you rest at ease.
If you’d like to chat about where you’re at, get in touch - we’re here to help.
Is APRA keeping you up at night?
We get it! You’re not the only one.
The forever evolving nuances of regulation and compliance can seem complex when looking from the outside in. As specialists dealing with these nuances every day, we can spot the gaps quickly and advise you on what’s important, what’s urgent and what will have you rest at ease.
If you’d like to chat about where you’re at, get in touch - we’re here to help.
By
Tobi Groos and Andre Kreicers
May 7 2025
2 Minutes
APRA CPS 230 Readiness Blueprint
APRA CPS 230 Readiness Blueprint
Most Financial Services entities are still climbing the mountain to compliance. The countdown is on to APRA #CPS230 which comes into effect on 1 July 2025. While most regulated entities are deep into implementation, including Board level discussions, focus should now be on how best to ensure Day 1 compliance. Also how to transition from project delivery to effective integration of the new requirements into routine business operations.
What APRA is expecting on Day 1: By 1 July 2025, regulated entities must be able to demonstrate:
Defined critical operations and documented supporting process and resources
Documented and approved tolerance levels for disruptions
Operational risk management frameworks that are fit for purpose for the new standard
Oversight and clear accountability at Board and senior management levels
Credible business continuity plans and systematic scenario testing linked to critical operations and tolerance levels (Note: non-SFIs enjoy a "grace period" through to 1 July 2026)
Defined material service providers supported by a comprehensive service provider management policy, formal agreements and robust monitoring to manage these arrangements
Uplifted APRA notification and internal reporting capabilities
Each of these requirements should be accompanied by evidence of compliance, with an audit trail overseen by formal governance mechanisms.
Are You Set Up for Sustainable Compliance?
CPS 230 is not a ‘set-and-forget’ obligation. APRA’s expectation is that operational resilience is embedded into business-as-usual activities, processes and risk culture.
Key questions for testing the level of embeddedness would include:
Do we have clear accountabilities for all aspects of managing operational risk?
Have we updated our governance to oversee all aspects of CPS 230 on an ongoing basis?
Do we have effective and regular reporting up to Board level on operational risk?
Are our risk and resilience disciplines integrated or do they remain siloed?
Have our policies, frameworks and processes been updated to align with the new standard?
Have we uplifted our practices in the areas of incident response, business continuity management and supplier management sufficiently to meet the new requirements?
APRA’s Supervisory Framework is the vehicle that APRA will use to obtain a view on CPS 230 compliance. APRA reviews can be expected from 1 July 2025 and may include a range of engagements such as prudential meetings, prudential reviews or queries in response to the notifications and submissions required under CPS230. Regulated entities should ensure they are ready to be able to evidence compliance.
How Are You Assessing Your Readiness?
Self-assessment is fast becoming a crucial step in the CPS 230 journey. Many organisations are conducting CPS 230 readiness reviews - not just to prepare for upcoming conversations with APRA, but to also validate compliance evidence and sustainable operationalisation.
Expected practice is:
To have independently assessed current state vs CPS 230 requirements?
The Board can confidently attest to operational resilience posture?
To have documented evidence of compliance sufficient for regulatory scrutiny?
Call to Action
If you are unsure whether you will meet CPS 230 Day-1 expectations, or if you're preparing to conduct a self-assessment - CapitalConsult can help.
We are currently working with APRA-regulated entities to:
Operationalise CPS 230 designs and methods
Embed CPS230 requirements into policies and frameworks
Align business operations with CPS230 expectations
Support Board-level engagement, reporting and assurance
Implement a compliance evidence checklist
Conduct targeted readiness and self-assessment reviews
With under 2 months to go before CPS 230 goes live, FSIs should be comfortable that they can meet APRA’s expectations on Day-1 and be able to demonstrate this if APRA comes knocking.
Reach out today to schedule a CPS 230 readiness discussion. Day 1 is almost here—let’s make sure you’re ready for it.
About the authors: Tobi Groos and Andre Kreicers are from Capital Consult, a specialist provider of advice, consulting, and services to the Financial Services industry since 2008. Capital Consult assists organizations in interpreting and achieving compliance with APRA prudential standards, guidelines, and supervisory directions. They have extensive experience in helping FSI clients manage their APRA and regulatory obligations for CPS 230 readiness.
Is APRA keeping you up at night?
We get it! You’re not the only one.
The forever evolving nuances of regulation and compliance can seem complex when looking from the outside in. As specialists dealing with these nuances every day, we can spot the gaps quickly and advise you on what’s important, what’s urgent and what will have you rest at ease.
If you’d like to chat about where you’re at, get in touch - we’re here to help.
Is APRA keeping you up at night?
We get it! You’re not the only one.
The forever evolving nuances of regulation and compliance can seem complex when looking from the outside in. As specialists dealing with these nuances every day, we can spot the gaps quickly and advise you on what’s important, what’s urgent and what will have you rest at ease.
If you’d like to chat about where you’re at, get in touch - we’re here to help.
Is APRA keeping you up at night?
We get it! You’re not the only one.
The forever evolving nuances of regulation and compliance can seem complex when looking from the outside in. As specialists dealing with these nuances every day, we can spot the gaps quickly and advise you on what’s important, what’s urgent and what will have you rest at ease.
If you’d like to chat about where you’re at, get in touch - we’re here to help.