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Section Joint ventures - Insurance (prudential standard) determination No. 12 of 2008 - Prudential Standard GPS 510 - Governance - Joint ventures | Zoe

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Home/Legislation/Insurance (prudential standard) determination No. 12 of 2008 - Prudential Standard GPS 510 - Governance/Joint ventures

CTHRepealedLegislation

Insurance (prudential standard) determination No. 12 of 2008 - Prudential Standard GPS 510 - Governance

Joint venturesJoint ventures

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Turn the raw legal text into a practical explanation grounded in Insurance (prudential standard) determination No. 12 of 2008 - Prudential Standard GPS 510 - Governance.

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Joint ventures

For the purposes of this Prudential Standard, a regulated institution that operates as a joint venture can be considered as part of the group of each parent entity. Independent directors of a parent can sit as independent directors on the Board of the joint venture entity. However, the general concessions available to subsidiaries in paragraphs 28 to 30 will not be available to joint ventures.

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