In forceAs enactedCurrent version · As enactedSee versions on Singapore Statutes Online(opens the publisher’s site)
Financial Holding Companies (Corporate Governance of Designated Financial Holding Companies with Licensed Insurer Subsidiary) Regulations 2022 · As enacted · Part 3 · Requirements for Tier 2 Designated Fhc with Licensed Insurer Subsidiary
25. Responsibilities of Board on audit functions
Feedback & supportThe 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.