The compliance department and compliance posts shall be independent from the business department, the financial department and the internal auditing department.

Chapter III Compliance Chief and Compliance Department

(3) situation of the compliance chief and the compliance department

The internal auditing department shall inform the compliance department of the auditing situation and conclusion upon completion of the internal auditing, while the latter may, in light of the compliance risk monitoring situation, take the initiative to propose suggestions to the former.

All departments and branch offices shall voluntarily carry out self inspections on compliance as a routine task, report compliance risk information or potential risks to the compliance department or the compliance posts, and support and cooperate with the compliance department or the compliance posts in risk monitoring and evaluation.

These other risk management departments shall take charge of identifying and evaluating various kinds of risks, including their own compliance risks, and reporting the related compliance risk information to the compliance department, and shall, with cooperation with the compliance department, monitor and evaluate compliance risk.

The compliance department, post and staff in any of these branch offices shall be responsible to the chief person in charge of the branch and the compliance department or posts I in the higher level.

The compliance department or the compliance posts shall provide compliance support to the business activities done by any other department, branch office or any employee and marketing staff, and assist and direct each department or branch office to set down the post compliance manual for compliance management.

The public sector meets these provisions adequately.

(5) the status and duties of the compliance department and

(5) examining the compliance report and other compliance documents presented by the compliance department, and signing them as approval and

The compliance chief and the compliance department of an insurance company shall ensure that all important internal management systems and business procedures are in compliance.

An insurance company shall do the same for the compliance department or the compliance posts of its branch office when conditions permit.

The board of directors and the senior managers shall support the compliance department, the compliance posts and the compliance personnel in performance of their work duties, and take measures to effectively protect them from being unfairly treated when performing duties.

Ministerial statutes

A definite mechanism for the cooperation and information communication between the compliance department and the internal auditing department shall be established by an insurance company.

Article 16 An insurance company shall equip the compliance department or the compliance posts with sufficient compliance personnel.

Article 14 The compliance department of an insurance company shall perform the duties as follows

Article 20 The compliance department of an insurance company shall be managed separately from the internal auditing department and be under the independent audit conducted on a regular basis by the latter.

Article 27 The compliance department of an insurance company shall set up a cooperation mechanism with the human resource department, set down a compliance training plan, develop an effective compliance training and education program, and shall regularly organize compliance training courses.

The compliance chief shall be a senior manager of the parent company, and may not concurrently take charge of the business department or the financial department.

In the informal sector average incomes are only 56.5 per cent of earnings in the formal sector.

(4) determining whether to establish the compliance department and its functions

Article 15 An insurance company shall set down rules and systems to guarantee that the compliance chief, the compliance department and the compliance posts enjoy the following rights

Integration of the informal sector into the formal economy could increase contribution of the informal sector to economic growth and poverty eradication.

(3) hearing the compliance issues the compliance chief and the compliance department reports and

These sectorial laws defined the goals, membership and some principles of French cooperative societies.

While the insurance company shall establish the compliance departments or compliance posts in its branch offices in light of its business scale, organizational structure and risk management work demands.

This applies exclusively, however, to the private sector and not to the informal sector.

Article 19 A cooperation mechanism between the compliance department and other risk management departments shall be established by an insurance company.

International cooperation in general and UNCTAD s activities in particular could make a major contribution to assisting enterprises from the informal sector in graduating to the formal sector.

Public sector construction focused on the development of infrastructure while private sector activity was associated in part with significant residential construction.

Creation of integrated human development centres for women in the informal urban sector.

It applies both to the private sector and to the public sector.

Coordination and efficiency of procedures would be of great help to investors, and heavy taxation would only favour the informal business sector over the formal.

Article 18 Not only the compliance department, the compliance posts and the professional compliance personnel shall be responsible for compliance, but also each employee and each marketing staff member.

It is proposed to discuss the possible advantages and limitations of both general and project specific or sector specific legislation and the possibility of a combined approach of general and sector specific legislation.

Women working in the informal and agricultural sectors were particularly badly off.

(d) Interregional programme of technical cooperation on the measurement of the informal sector and informal employment

At the same time it is apparent that the percentage of both sexes in the formal and informal sectors is about the same.

(2) organizing the departments and branch offices of the company to set down and revise the post compliance manual and other compliance management rules and systems

These laws do not for the moment cover the informal or the agricultural sector.

Article 3 Compliance management means that insurance companies shall prevent, identify, evaluate, report and handle compliance risks by taking measures such as establishing the compliance department or the compliance posts, setting down and carrying out compliance policies, conducting compliance monitoring and providing compliance trainings, etc.

(5) investigating the abnormal circumstances that happened in the operation of the company in accordance with law, and when necessary, requiring the compliance chief and the compliance department to assist and

(i) Informal sector statistics