Cap. 371 Art. 17DATransactions with parent mixed activity holding companies and their subsidiaries.

Credit institutions shall have in place adequate risk management processes and internal control mechanisms, in accordance with the Banking Act (Supervisory Review)

Regulations and as may be prescribed from time to time in a Banking Rule, including sound reporting and accounting procedures in order to identify, measure, monitor and control transactions with their parent mixed activity holding company and its subsidiaries appropriately. Credit institutions shall report any significant transaction with those entities other than the one referred to in Article 394 of the CRR: Provided that those procedures and significant transactions shall be subject to overview by the competent authority.