CTRL 2.1.5 Principle 5 — transparency

(1) The governing body of an authorised firm that is a company must disclose to the firm’s shareholders, customers and other stakeholders the information necessary to enable them to assess the effectiveness of the governing body and senior management in governing and managing the firm.
(2) The firm must disclose at least the following:
(a) the names of the members of the body and its committees;
(b) information on the firm’s objectives, its organisational and governance structures and policies, and its major shareholders.
(3) The extent of the disclosure must be proportionate to the firm’s size, complexity, structure, economic significance and risk profile.
(4) The firm may comply with this rule by publishing the information on its website.

 

Derived from QFCRA RM/2020-4 (as from 1st July 2021)