Regulatory Alerts2011-10-12
Corporate Governance Code for Captive Insurance and Captive Reinsurance Undertakings - Frequently Asked Questions
The Central Bank of Ireland issued this guidance to clarify the interpretation and application of the Corporate Governance Code for Captive Insurance and Captive Reinsurance Undertakings. The document addresses specific regulatory requirements including the effective date of the Code, the interaction with the Fitness and Probity regime, and the definition of board attendance and material risk deviations. It further specifies that captives in run-off remain subject to the Code and must submit separate compliance statements confirming adherence to these governance obligations.
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