--- title: "24210 – APN Regulatory Velocity Multiplier™ (APN RVM™)" url: https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24210/ date: 2026-01-16 modified: 2026-10-03 lang: en author: "" description: "APN Codex Node 2421024200 Series — Risk & ComplianceCertified APN Regulatory Velocity Multiplier™ (APN RVM™) Current Reading 97.8 Ranked against 46 quarters · as of the quarter ending 31 March..." word_count: 827 --- # 24210 – APN Regulatory Velocity Multiplier™ (APN RVM™) APN Codex Node 2421024200 Series — Risk & ComplianceCertified ### APN Regulatory Velocity Multiplier™ (APN RVM™) Current Reading 97.8 Ranked against 46 quarters · as of the quarter ending 31 March 2026 1What It Measures The APN Regulatory Velocity Multiplier™ tracks how actively Australia’s two primary financial regulators are pursuing enforcement action nationally: an equal-weighted blend of the investigations ASIC commences and the enforceable undertakings APRA accepts, read as a measure of regulatory intensity in the property-finance sector. Higher readings mean more enforcement activity. It is a **national time series** and a component of the APN Risk & Compliance Index™ (24200). 2Composite Construction | Component | Source | Weight | | --------- | ------ | ------ | | ASIC investigations commenced | ASIC enforcement reports and summaries of enforcement outcomes, six-monthly, from July–December 2014 | 50% | | APRA enforceable undertakings accepted | APRA enforceable undertakings register, annual, from 2005 | 50% | Each input is read at its most recent published figure and held until the next one: an ASIC half-year count for one further quarter, an APRA calendar-year count for three. The node therefore carries a reading every quarter from December 2014. Each input is standardised against its own history (ASIC over 2014–2025, APRA over 2005–2025). 3Current Reading in Context | Input | Latest figure | Standardised | | ----- | ------------- | ------------ | | ASIC investigations commenced | 123 (July–December 2025) | +1.5452 | | APRA enforceable undertakings accepted | 3 (calendar year 2025) | +0.6560 | | Composite | — | +1.1006 | ASIC has not yet published its count for January–June 2026, so the latest quarter with both inputs is March 2026. 4Reading History Position · March 2026- 500100Less enforcementMore enforcement97.8+1.1006σ · ranked against 46 quartersShaded band: the normal range, 10 to 90APN Regulatory Velocity Multiplier™ (APN RVM™) (24210) · Reading HistoryNode Z-Score by Quarter, March 2011 to March 2026+1.1006σ · position 97.8, ranked against 46 quarters**Reading, ranked quarters**Not ranked (incomplete input coverage)**Normal range (middle 80% of ranked quarters)**Current readingThe March quarter 2026 reading, +1.1006σ, ranks 97.8 against 46 quarters and sits above the normal range of −0.8599σ to +0.5887σ. The highest ranked reading was +1.1006σ in the December quarter 2025, and the lowest −0.9578σ in the June quarter 2017. Before December 2014 only the annual APRA input reports, so those quarters are drawn dashed and are not ranked. Each input is held until its next publication, so the December 2025 and March 2026 quarters read the same figure. Show the data | Quarter | Reading | Basis | | ------- | ------- | ----- | | Q4 2005 | +0.3280σ | Partial coverage | | Q1 2006 | +0.3280σ | Partial coverage | | Q2 2006 | +0.3280σ | Partial coverage | | Q3 2006 | +0.3280σ | Partial coverage | | Q4 2006 | +0.3280σ | Partial coverage | | Q1 2007 | +0.3280σ | Partial coverage | | Q2 2007 | +0.3280σ | Partial coverage | | Q3 2007 | +0.3280σ | Partial coverage | | Q4 2007 | +0.5835σ | Partial coverage | | Q1 2008 | +0.5835σ | Partial coverage | | Q2 2008 | +0.5835σ | Partial coverage | | Q3 2008 | +0.5835σ | Partial coverage | | Q4 2008 | −0.4384σ | Partial coverage | | Q1 2009 | −0.4384σ | Partial coverage | | Q2 2009 | −0.4384σ | Partial coverage | | Q3 2009 | −0.4384σ | Partial coverage | | Q4 2009 | +0.5835σ | Partial coverage | | Q1 2010 | +0.5835σ | Partial coverage | | Q2 2010 | +0.5835σ | Partial coverage | | Q3 2010 | +0.5835σ | Partial coverage | | Q4 2010 | −0.4384σ | Partial coverage | | Q1 2011 | −0.4384σ | Partial coverage | | Q2 2011 | −0.4384σ | Partial coverage | | Q3 2011 | −0.4384σ | Partial coverage | | Q4 2011 | +0.8389σ | Partial coverage | | Q1 2012 | +0.8389σ | Partial coverage | | Q2 2012 | +0.8389σ | Partial coverage | | Q3 2012 | +0.8389σ | Partial coverage | | Q4 2012 | −0.1829σ | Partial coverage | | Q1 2013 | −0.1829σ | Partial coverage | | Q2 2013 | −0.1829σ | Partial coverage | | Q3 2013 | −0.1829σ | Partial coverage | | Q4 2013 | +1.3498σ | Partial coverage | | Q1 2014 | +1.3498σ | Partial coverage | | Q2 2014 | +1.3498σ | Partial coverage | | Q3 2014 | +1.3498σ | Partial coverage | | Q4 2014 | −0.2335σ | Ranked | | Q1 2015 | −0.2335σ | Ranked | | Q2 2015 | +0.5887σ | Ranked | | Q3 2015 | +0.5887σ | Ranked | | Q4 2015 | −0.0181σ | Ranked | | Q1 2016 | −0.0181σ | Ranked | | Q2 2016 | −0.0964σ | Ranked | | Q3 2016 | −0.0964σ | Ranked | | Q4 2016 | −0.1552σ | Ranked | | Q1 2017 | −0.1552σ | Ranked | | Q2 2017 | −0.9578σ | Ranked | | Q3 2017 | −0.9578σ | Ranked | | Q4 2017 | −0.5849σ | Ranked | | Q1 2018 | −0.5849σ | Ranked | | Q2 2018 | −0.5066σ | Ranked | | Q3 2018 | −0.5066σ | Ranked | | Q4 2018 | −0.3500σ | Ranked | | Q1 2019 | −0.3500σ | Ranked | | Q2 2019 | −0.3108σ | Ranked | | Q3 2019 | −0.3108σ | Ranked | | Q4 2019 | −0.8991σ | Ranked | | Q1 2020 | −0.8991σ | Ranked | | Q2 2020 | −0.1356σ | Ranked | | Q3 2020 | −0.1356σ | Ranked | | Q4 2020 | +0.2765σ | Ranked | | Q1 2021 | +0.2765σ | Ranked | | Q2 2021 | −0.8002σ | Ranked | | Q3 2021 | −0.8002σ | Ranked | | Q4 2021 | −0.6231σ | Ranked | | Q1 2022 | −0.6231σ | Ranked | | Q2 2022 | −0.3882σ | Ranked | | Q3 2022 | −0.3882σ | Ranked | | Q4 2022 | −0.8599σ | Ranked | | Q1 2023 | −0.8599σ | Ranked | | Q2 2023 | −0.7033σ | Ranked | | Q3 2023 | −0.7033σ | Ranked | | Q4 2023 | −0.1934σ | Ranked | | Q1 2024 | −0.1934σ | Ranked | | Q2 2024 | −0.5849σ | Ranked | | Q3 2024 | −0.5849σ | Ranked | | Q4 2024 | +0.3156σ | Ranked | | Q1 2025 | +0.3156σ | Ranked | | Q2 2025 | +0.7659σ | Ranked | | Q3 2025 | +0.7659σ | Ranked | | Q4 2025 | +1.1006σ | Ranked | | Q1 2026 | +1.1006σ | Ranked | 5Reading the Pattern The March quarter 2026 reading, +1.1006σ, is the highest in the node’s record from December 2014, shared with the December quarter 2025, which carries the same two published figures. ASIC commenced 132 investigations in January–June 2025 and 123 in July–December 2025, its highest half-year counts since January–June 2015 (136). APRA accepted three enforceable undertakings in 2025, against one in each of the two preceding years. The lowest readings fall in mid-2017, when ASIC commenced 57 investigations in a half-year and APRA accepted none in the preceding calendar year. 6Methodology & Disclosed Caveats **Held readings.** Each input is held until its next publication, for at most one native period, so consecutive quarters can carry the same figure. The reading changes only when ASIC or APRA publishes. - **ASIC’s published half-year counts and annual totals differ for 2019–20 and 2020–21.** ASIC’s financial-year totals for those years (134 and 110) are below the sums of the half-year counts it published (159 in each year). The half-year counts are used as published. - **Small annual counts.** APRA accepts between none and seven enforceable undertakings a year, so a single undertaking moves that input materially. - **History.** ASIC first published a half-year count of investigations commenced for July–December 2014; quarters before then carry the APRA input only and are not ranked. 7Other Components The other components of the APN Risk & Compliance Index™ (24200). [Node 24220 →APN System Friction Index™Administrative complexity and compliance burden. No data source yet; joins the index when one exists.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24220/) [Node 24230 →APN Credit Rationing Index™Reads how tightly mortgage credit is rationed, through serviceability rules and lenders’ own policies.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24230/) [Node 24240 →APN Housing Credit Risk Index™Reads mortgage distress: non-performing loans and early arrears across authorised deposit-taking institutions.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24240/) [Node 24250 →APN Household Insolvency Pressure Index™Reads household financial failure: new personal insolvencies per 100,000 population.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/series-24250/) [Parent branch →24200 — APN Risk & Compliance Index™](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24200/) 8Certification APN Codex Node 24210 — Certified - Certified as a component of the APN Risk & Compliance Index™ (position 97.8 against 46 quarters, from a Z-score of +1.1006 at the quarter ending 31 March 2026) - Held-reading, published-total and small-count caveats disclosed above