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  • HC-8.2 HC-8.2 Approved Persons Loyalty

    • HC-8.2.1

      The Board should establish formal procedures for:

      (a) Periodic disclosure and updating of information by each approved person on his actual and potential conflicts of interest; and
      (b) Advance approval by directors or shareholders who do not have an interest in the transactions in which a licensee's 'approved person' has a personal interest. The Board should require such advance approval in every case.
      October 2019

    • Disclosure of Conflicts of Interests to Shareholders

      • HC-8.2.2

        The licensee should disclose to its shareholders in the Annual Report any abstention from voting motivated by a conflict of interest and should disclose to its shareholders any authorisation of a conflict of interest contract or transaction in accordance with the Company Law.

        October 2019