Cap. 370 Art. 34Supervision of mixed-activity holding company.

Where the parent undertaking of an investment firm licensed under this Act is a mixed-activity holding company, the competent authority may supervise transactions between such investment firm and the mixed-activity holding company and the subsidiaries of the latter, and require the said investment firm to have in place adequate risk management processes and internal control mechanisms, including sound reporting and accounting procedures to identify, measure, monitor and control those transactions.

FIRST SCHEDULE

(Article 2)

Investment Services and Activities