ISA is generally supportive of the proposed disclosure and reporting requirements. The emphasis and scrutiny placed on variable remuneration structures in particular is warranted, and the integration of both financial and non-financial risks within remuneration structures is welcome.
However, further clarity from APRA is required on how data provided by funds will be used and secured, and how these reporting and disclosure requirements will interact with other reporting frameworks.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.