Regulator publishes MNT code of practice

Published to coincide with the legislation coming into force, the draft code will give trustees and other interested parties the opportunity to familiarise themselves with the intended codes if practice. The final code has been submitted for Ministerial approval, before being laid before Parliament, and will provide trustees with practical guidance on how to comply with the legislation regarding the appointment of member-nominated trustees and member-nominated directors. Trustees are required to ensure arrangements are in place, and implemented, for at least one-third of trustees or for...