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Part 2 · Requirements for Tier 1 Designated Fhc with Licensed Insurer Subsidiary

9. Executive Committee

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Where the Board of a Tier 1 DFHC (Licensed Insurer) has delegated any of its powers for the oversight of the DFHC (Licensed Insurer) to an executive committee or any other committee by whatever name described (called in this Part an Executive Committee), consisting of any directors that the Board thinks fit, regulation 6 applies to the DFHC (Licensed Insurer) in respect of the Executive Committee as if the Executive Committee were the Board.

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Part 3

Requirements for Tier 2 Designated Fhc with Licensed Insurer Subsidiary