Citation Tagging

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Project 35984 – Task 1110261

Instructions: Tag the Citation and add a corresponding Event if applicable. Task Description: Tag the "1.118." Citation Authority Document URL: Website URI Document URI

Citation Reference: 1.118.

Citation Guidance: The participating insurance or reinsurance undertaking, the insurance holding company or the mixed financial holding company should set adequate internal governance requirements across the group appropriate to the structure, business model and risks of the group and of its related entities, and should consider the appropriate structure and organization for risk management at group level, setting a clear allocation of responsibilities at all entities that are part of the group.

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The new guidance differs from the current guidance, see below:
The new guidance is identical to the current guidance.

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