RG 278
ADIs: Transitioning to the Financial Accountability Regime
This ASIC-APRA joint information paper (also referred to as RG 278) helps ADIs transition from the Banking Executive Accountability Regime (BEAR) to the Financial Accountability Regime (FAR). It includes the information they must provide to the Regulators.
In plain English
RG 278 explains how ADIs move from BEAR to the Financial Accountability Regime (FAR).
This guide from ASIC and APRA applies to Authorised Deposit-taking Institutions (ADIs). It details information ADIs must provide to the regulators during the transition. It helps ADIs understand their obligations under the FAR. The guide was last revised in December 2023.
Why it matters
ADIs need to understand their new responsibilities under the FAR. This guide clarifies reporting requirements, ensuring compliance and avoiding potential issues with regulators.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-278-adis-transitioning-to-the-financial-accountability-regime/. Rules Mate indexes + summarises; always verify against the regulator's live publication.