Singapore legislation

Regulation 25

of Financial Holding Companies (Corporate Governance of Designated Financial Holding Companies with Licensed Insurer Subsidiary) Regulations 2022

Regulation 25

Responsibilities of Board on audit functions

The Board of a Tier 2 DFHC (Licensed Insurer) is responsible for the adequacy of the external and internal audit functions of the Tier 2 DFHC (Licensed Insurer), including reviewing —

(a)

the scope and results of audits carried out in respect of the operations of the Tier 2 DFHC (Licensed Insurer); and

(b)

the independence and objectivity of the Tier 2 DFHC (Licensed Insurer)’s external auditors.

Read in full context — Financial Holding Companies (Corporate Governance of Designated Financial Holding Companies with Licensed Insurer Subsidiary) Regulations 2022 →