PINS 3.2.2 Insurers to have appropriate systems and controls

For the purposes of rule 1.2.2 and rule 3.2.1, the Governing Body of an insurer must ensure suitable systems and controls are in place to allow it to identify, manage and monitor the risks associated with the insurer's business activities to ensure the insurer holds capital commensurate with its overall risk profile.

Amended by QFCRA RM/2015-3 (as from 1st January 2016).