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  • Purpose

    • HC-A.1.1

      The purpose of this Module is to:

      (a) Explicitly reinforce the collective oversight and risk governance responsibilities of the board;
      (b) Emphasise key components of risk governance such as risk culture, risk appetite and their relationship to a licensee’s risk capacity;
      (c) Delineate the specific roles of the board, board committees, senior management, chief financial officer, internal auditor, chief risk officer and head of compliance; and
      (d) Strengthen licensees’ overall checks and balances.
      Added: July 2023

    • HC-A.1.2

      All references in this Module to ‘he’ or ‘his’ shall, unless the context otherwise requires, be construed as also being references to ‘she’ and ‘her’.

      Added: July 2023