The Australian Prudential Regulation Authority has released a draft of an amended prudential standard for the Financial Claims Scheme.The prudential standard (APS 910) came into effect in January this year. It requires locally incorporated approved deposit-taking institutions to establish a single customer view for accounts protected under the scheme.The purpose of this regulation is to facilitate a hand-over of accounts to another institution if there is a problem.Under the proposed amendments, ADIs must create the systems needed to ensure they can generate and transmit payment instructions to a "paying agent" appointed by APRA. They must also be able to generate and transmit APRA reports to account-holders and other parties in respect of FCS payments.The Financial Claims Scheme was introduced as a temporary measure in 2008 to provide a guarantee on deposits. It was made permanent in November last year, providing deposit protection of A$250,000 per person, per institution.Another of the proposed amendments is that ADIs must establish a facility to enable customers to provide the ADI with transaction account details at another ADI so as to enable transfers.APRA has issued a discussion paper accompanying the draft amendments. It covers payment methods that would be used to make FCS payments, as well as reporting requirements and compliance-auditing arrangements.