The Australian Prudential Regulation Authority (APRA) will proceed with plans to remake four prudential standards without amendments to the sunsetting date of April 1 after completing a short consultation.

The four standards are LPS 100 Solvency Standard (LPS 100); LPS 115 Capital Adequacy: Insurance Risk Charge (LPS 115); LPS 360 Termination Values, Minimum Surrender Values and Paid up Values (LPS 360); and LPS 370 Cost of Investment Performance Guarantees (LPS 370).

APRA says it received two submissions to the consultation it launched in November last year.

“The respondents agreed with APRA’s assessment that the four standards remained broadly fit for purpose,” the regulator says.