Furnishing information to Authority by Tier 2 insurers
24.  A Tier 2 insurer shall, after the Board has concluded its deliberations in respect of the matters under regulations 21 and 22 —
(a)notify the Authority in writing of the particulars of the persons proposed to be appointed to the position referred to in regulation 21(1)(a), including whether the requirements for independence in regulations 5 and 6 are satisfied;
(b)notify the Authority in writing of the review and assessment of each existing director referred to in regulation 22(2)(b);
(c)in the case where the Board has made a determination under regulation 23, provide the Authority with its explanation of its decision as to why the director should be considered independent; and
(d)furnish to the Authority such further information as the Authority may require.