Ireland – Central Bank of Ireland

Ireland – Central Bank of Ireland – Corporate Governance Code for Captive Insurance and Reinsurance Undertakings – 2011 – Guidelines on Annual Compliance Statement – Section 18. Covering:

Section 1 – Scope of the Annual Compliance Statement

Section 2 – Submission of the Annual Compliance Statement

Section 3 – Operation of transitional periods and timing of section 18 Annual Compliance Statements

Section 4 – Material deviations from the Code

Section 5 – Auditor input

Section 6 – Disclosure requirements under the Code

Section 7 – Use of Information by the Central Bank

Section 8 – Confidentiality of the Annual Compliance Statement

Section 9 – Materiality

Section 10 – Monitoring compliance

Section 11 – Combining Annual Compliance Statements with existing compliance statements requirements

Section 12 – International Developments

Section 13 – Retention of supporting documentation

• The board
• Directors
• The captive’s corporate governance policies and procedures
• Sub-committees
• Meetings
• Risk Appetite

Section 14 – Availability to the Central Bank

Appendix 1