Regulatory Alerts2016-12-20
Corporate Governance Requirements for Insurance Undertakings 2015 FAQs
The Central Bank of Ireland issued this guidance to clarify the Corporate Governance Requirements for Insurance Undertakings 2015, which apply to authorized insurance entities excluding captives. The document details specific obligations regarding board composition, director independence, and the reporting of material deviations to the regulator. It further defines the scope of applicability for foreign branches, subsidiaries, and High Impact designated institutions while addressing procedural matters such as compliance statements and committee structures.
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