Compliance: legislation and regulations
To address the risk of failure to comply with legal and other requirements which would have a material impact on Corio’s operations, the impact of relevant legislation and regulations on Corio is assessed periodically. The assessments are followed up to ensure that the relevant departments within the group that are responsible for compliance have knowledge of the law and regulations and the requirements imposed by them. Corio ensures that its business operations are in accordance with relevant legislation and regulations. This includes the prevention of fraud, insider trading and other violations of the Dutch Financial Supervision Act (WFT) and the decrees based on that act. In their Letters of Representation (LOR) , the business units and the holding company functions make statements each year concerning compliance with legislation and regulations.
Source: Annual Report 2008, Chapter Corporate governance, page 132 (PDF, 72 kB)
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