Corporate governance and disclosure compliance requires approval for Finance Company control changes and prompt notice of Finance Unit parent changes. Every Finance Company and Finance Unit must comply with Authority-specified corporate governance and disclosure guidelines. Mergers, acquisitions, ... Summary
Referred In :
International Financial Services Centres Authority (Finance Company) Regulations, 2021
Corporate governance and disclosure compliance requires approval for Finance Company control changes and prompt notice of Finance Unit parent changes.
Every Finance Company and Finance Unit must comply with Authority-specified corporate governance and disclosure guidelines. Mergers, acquisitions, takeovers, or management changes affecting control of a Finance Company require prior approval where they alter control of share capital or business decisions under an agreement. Parent-level changes concerning a Finance Unit require registration compliance and intimation to the Authority.
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