Regulation 19

where —

there is a change in the status of a director under regulation 4 or 5 during the period between the date immediately after the date of the director’s appointment and the date immediately before the next annual general meeting of the Tier 1 DFHC (Licensed Insurer); and

the Tier 1 DFHC (Licensed Insurer) could not reasonably be expected to have known of that change on or before the date of the director’s appointment; or

where —

there is a change in the status of a director under regulation 4 or 5 during the period between the date immediately after an annual general meeting of the Tier 1 DFHC (Licensed Insurer) and the date immediately before the next annual general meeting of the Tier 1 DFHC (Licensed Insurer) (other than the period mentioned in sub‑paragraph (a)(i)); and

the Tier 1 DFHC (Licensed Insurer) could not reasonably be expected to have known of that change on or before the date of the firstmentioned annual general meeting.

in respect of any requirement under regulation 6(1)(b)(i) — at the next annual general meeting, appoints the number of new directors that is necessary to rectify the composition of the Board in accordance with that requirement; or

in respect of any requirement under regulation 9, 11(1), 16(1), 17(1) or 18(1) — within 3 months after notifying the Authority of the change of status of the director, appoints the number of new members that is necessary to rectify the composition of the relevant committee in accordance with that requirement.

to appoint the number of new directors that is necessary to rectify the composition of the Board in accordance with the requirements prescribed under regulation 6(1)(b)(i) within the time before the next annual general meeting of the Tier 1 DFHC (Licensed Insurer), and subject to any conditions or restrictions, that the Authority may specify; or

to appoint the number of new members that is necessary to rectify the composition of the relevant committee in accordance with the requirements prescribed under regulation 9, 11(1), 16(1), 17(1) or 18(1) (as the case may be) within the time before the expiration of 3 months from the date the Tier 1 DFHC (Licensed Insurer) notifies the Authority of the change, and subject to any conditions or restrictions, that the Authority may specify,and the Tier 1 DFHC (Licensed Insurer) must comply with that direction.