Acts Online

means—

(a)	the chief executive officer or the person who is in charge of an insurer or a controlling company; or

(b)	a person, other than a director or a head of a control function—

(i)	who makes or participates in making decisions that—

(aa)	affect the whole or a substantial part of the business of an insurer or a controlling company; or

(bb)	have the capacity to significantly affect the financial standing of an insurer or a controlling company; or

(ii)	who oversees the enforcement of policies and the implementation of strategies approved, or adopted, by the board of directors,

and "senior management" has a corresponding meaning;