Custom print

GR-5.2.1

Past version: Effective from 01 Jul 2007 to 30 Sep 2015
To view other versions open the versions tab on the right

A controller of an insurance licensee is a natural or legal person who, either alone or with his associates:

(a) Holds 10% or more of the shares in the licensee ("A"), or is able to exercise (or control the exercise) of more than 10% of the voting power in A; or
(b) Holds 10% or more of the shares in a parent undertaking ("P") of A, or is able to exercise (or control the exercise) of more than 10% of the voting power in P; or
(c) Is able to exercise significant influence over the management of A or P.
Amended: January 2007