22. (1) Without limiting the powers of the Commission under this Act or the
Financial Services Commission Act 2001, the Regulatory Code may specify or
provide for
(a) systems and controls, including internal controls, to be maintained
by licensees;
(b) policies and procedures to be maintained by licensees with respect
to the assessment and management of risk;
(c) principles and rules of corporate governance to be adhered to by
licensees;
(d) the duties and responsibilities of the directors of a licensee;
(e) prudential requirements not inconsistent with this Act applicable to
licensees;
(f) business conduct rules to be followed by licensees; and
(g) circumstances in which an individual is required to be approved by