The Central Bank has a statutory mandate to ensure that licensees, insurers and financial holding companies (FHCs) do not undertake any activity or enter into any transaction which the Central Bank considers may be detrimental to the interests of depositors and/or policyholders. Therefore, in accordance with the legislation, the Central Bank is required to approve the following:• acquisitions of licensees, insurers and FHCs;• acquisitions of financial entities by licensees, insurers and FHCs; and• a merger or amalgamation of a licensee, insurer or FHC with another financial entity