HC-A.2.2
A list of recent changes made to this Module is detailed in the table below:
| Module Ref. | Change Date | Description of Changes |
| HC-1 to HC-10 | 01/2011 | Amendments due to introduction of new MOIC Corporate Governance Code. |
| HC-1.3.7 | 04/2011 | Clarified the rules regarding the limitation on Directorships held by board members. |
| HC-1.4 | 04/2011 | Amendment made to reflect new Rules on attendance of Directors at Board of Directors meetings. |
| HC-6.6.3 | 04/2011 | Guidance added dealing with the compliance function. |
| Appendix A | 04/2011 | Clarified membership of audit committee to be in line with Rule HC-3.2.1. |
| HC-B.2.2 | 01/2012 | Clarified language related to corporate governance. |
| HC-1.2.5 and HC-1.6.3 | 01/2012 | Clarified that the Chairman of the Board may delegate specific duties dealt with in these Paragraphs. |
| HC-1.4.4B | 01/2012 | Corrected typo. |
| HC-1.5.7, HC-1.5.7A and HC-1.5.7B | 01/2012 | Clarified rule and guidance on the chairman of the Board. |
| HC-1.10.1 | 01/2012 | Deleted last sentence. |
| HC-5.6.6 | 01/2012 | Amended Paragraph. |
| Appendix D | 01/2012 | Disclosure to shareholders amended. |
| HC-7.2.5 and HC-10.7.6 | 10/2012 | Clarified Guidance on election of board members. |
| Appendices A, B and C | 10/2012 | Amended requirement for written report on performance evaluation for various Board committees. |
| Appendix A | 10/2012 | Included reference to compliance under Committee Duties and Responsibilities. |
| HC-2.2.3 and HC-2.4.1 | 01/2013 | Clarified scope of application for Rules. |
| HC-1.3.4 and HC-10.1.8 | 10/2014 | Minor corrections to be consistent with wording used in other Volumes of the CBB Rulebook. |
| HC-1.11.2, HC-2.2.5, HC-6.5.1 and HC-8.2.1 | 10/2014 | Removed reference to single person company as HC-B.1.1 clearly states that the contents of this Module do not apply to insurance licensees with this legal status. |
| HC-2.3.3 and HC-10.2.5A | 04/2016 | Added a requirement (or guidance, based on type of insurance license) for the licensee to have in place a board approved policy on the employment of relatives of approved persons. |
| HC-2.4.1A and HC-10.2.6A | 04/2016 | Added the requirement (or guidance, based on type of insurance license) to disclose to the board on annual basis relatives of any approved persons occupying controlled functions. |
| HC-2.3, HC-2.4 and HC-10.2 | 07/2016 | Clarified application of Rules (or guidance, based on the type of insurance license) for overseas licensees. |
| HC-B.1.3 | 10/2019 | Added Insurance Aggregators. |
| HC-10 | 10/2019 | Added Insurance Aggregators to the Section. |
| HC-1.2.2 & HC-1.11.5 | 01/2020 | Amended Paragraphs on policy and procedures approval. |
| HC-5.4.3 | 04/2020 | Added a new Paragraph on KPIs compliance with AML/CFT requirements. |
| HC-9.4 | 10/2020 | Added a new Section on Terms of Appointment and Competence of the SSB. |
| HC-1.5.8 | 04/2021 | Amended Paragraph on independent directors. |
| HC-1.5.10 | 04/2021 | Added a new Paragraph on Directors Independence status. |
| HC-1.5.11 | 04/2021 | Added a new Paragraph on termination of Board membership of a retired, terminated CEO. |
| HC-4.4.3 | 04/2021 | Added a new Paragraph on notification on any change in board categorisation. |