Regulation 9

Where the Board of a Tier 1 insurer has delegated any of its powers for the oversight of the Tier 1 insurer to an executive committee or any other committee by whatever name described (referred to in these Regulations as an Executive Committee), consisting of such directors as the Board thinks fit, regulation 7 shall apply to the Tier 1 insurer in respect of the Executive Committee as if the Executive Committee were a Board.