CTHRepealedLegislation
Banking, Insurance and Life Insurance (prudential standards) determination No. 3 of 2011 - Prudential Standard CPS 510 - Governance
Regulated institutions that are part of Regulated institutions that are part of a corporate group
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Turn the raw legal text into a practical explanation grounded in Banking, Insurance and Life Insurance (prudential standards) determination No. 3 of 2011 - Prudential Standard CPS 510 - Governance.
Regulated institutions that are part of a corporate group
- Where a locally incorporated regulated institution is part of a corporate group, and the regulated institution utilises group policies or functions, the Board of the regulated institution must approve the use of group policies and functions and must ensure that these policies and functions give appropriate regard to the regulated institution’s business and its specific requirements.