Little scrutinised deposit-taking entities, many of them run by churches, will have one more year to meet new rules that require them to convert retail at-call investments into debenture offerings that have a minimum maturity of 31 days.The Australian Prudential Regulation Authority said it had "concluded that a longer transition period should be provided for existing at-call retail funds." The deadline had been set for the end of next month.Instead, from July 1, 2013, no new at-call accounts are to be accepted by the church funds. Existing accounts at June 30, 2013 may continue to be operated at-call until June 30, 2014.APRA said it expected the deposit-taking entities "to use this longer transition period to more smoothly manage the conversion of existing accounts to debentures with a minimum maturity period of 31 days, or alternatively to adjust their balance sheets through more term funding or reduced assets."APRA said it was "proposing requirements aimed at reducing the likelihood that an investor, and particularly a retail investor, in a [religious fund] would confuse such an investment with an ADI deposit or other deposit-like product."A discussion paper also released on Friday provided a little more data from a recent APRA survey of this little scrutinised sector.APRA said there were 59 religious charitable development funds in Australia, raising, in aggregate, more than A$7 billion in liabilities. Of this, around $1.1 billion is sourced from individuals and $6.3 billion is sourced from entities comprising the denominational or other affiliates of each fund.Eight of the funds did not respond to APRA's survey.