Prudential standards or reporting and auditing requirements
129A Prudential standards or reporting and auditing requirements
The Minister may, by order published in the Gazette, declare that prudential standards, or reporting and auditing requirements, specified or described in the order are standards or requirements that apply to STC in the exercise of any principal function of STC described in the order.
Before making an order under this section, the Minister is to consult STC on the proposed standards or requirements.
An order under this section takes effect on the day specified in the order.
STC, and any person carrying out a principal function on behalf of STC, must comply with any standard or requirement applied to STC under this section.
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