General guidelines regarding governance and control of financial undertakings
In force from: 1 May 2005
Summary
Through these general guidelines, Finansinspektionen wants to promote a sound culture of governance and control of financial companies. In the guidelines, FI develops the view of how sound governance and control can be attained, how risks should be managed and controlled, how good compliance is guaranteed and how an independent audit function or internal audit should be organised. These guidelines also cover FI's view on how companies should manage outsourcing agreements.
The guidelines are aimed at financial companies under supervision, with the exception of companies conducting fund activities. They replace the two general guidelines regarding governance, internal information and internal control within credit and securities institutions, insurance companies and mutual benefit societies as well as FI's memorandum on 18 December 1998 regarding outsourcing of activities.
