4.1.4.6. Group context

4:85 Article 24 ยง4 of the Brokerage Supervision Act authorises the NBB to take into account the group context when allowing a stockbroking firm, where appropriate, not to set up one or more of the committees that are required by law. In this case, one or more committees that meet the requirements of the Brokerage Supervision Act should be set up within the group or subgroup concerned and entrusted with responsibility for the stockbroking firm.

4:86 Communication CBFA_2009_22 on audit committees applies mutatis mutandis to the derogation policy concerning the establishment of these other committees, it being understood that the specific tasks of each committee should be taken into account.