• Governance of Reporting Entities

    • 73. Corporate Governance

      (1) A Reporting Entity shall have a Corporate Governance framework which is adequate to promote prudent and sound management of the Reporting Entity in the long-term interest of the Reporting Entity and its Shareholders.
      (2) For the purposes of the requirement in subsection (1), the Regulator may by Rules prescribe —
      (a) Corporate Governance principles and standards that apply to a Reporting Entity, including any requirements applicable to its board of Directors and individual members, Controllers, employees or any other person as appropriate;
      (b) requirements relating to fair treatment of Shareholders; and
      (c) provisions to address conflicts of interests.
      (3) The Regulator may, by Rules, prescribe any circumstances in which such requirements do not apply to certain Reporting Entities.