Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 29

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 29
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on, compliance is based on integrity risk which is defined as the current or future threat to the reputation of, or the current or future threat to the capital or the results of Aegon due to insufficient compliance with the law and regulations, internal company rules and policies governing. The business is supported by the Aegon Group Compliance Function and business unit-level compliance teams by:

| • |     | Identifying new and revised regulations and managing the regulatory compliance universe; |

| • |     | Identifying and assessing risks stemming from these regulations; |

| • |     | Advising to comply with regulations; |

| 24 |     | | Aegon Financial Condition Report 2024 |

| Governance structure  Internal controls |

| • |     | Policy setting and implementation; |

| • |     | Investigating compliance breaches; and |

| • |     | Periodic and ad hoc reporting on regulatory developments, and compliance and integrity incidents. |

Aegon Group Compliance Function The Compliance Function is defined in accordance with rule 9 of the Bermuda Insurance (Group Supervision) Rules 2011. At Aegon group level, the function holder for Compliance with any regulatory requirements is the Global Head of Compliance. The independence of the function holder is maintained by, amongst other governance practices, having the Global Head prepare and present his/her own report to the Audit Committee. At the business unit level, there are also compliance personnel who support local management in the development of the local programs. They also report to the Global Head of Compliance about the effectiveness of the local programs. Objective of the Compliance Function The objective of the Compliance Function is to support the CEO, Executive Committee and business unit management in ensuring that Aegon acts in line with relevant legal, regulatory requirements and Aegon Group risk tolerance. In this role, the function will promote and foster compliance with laws and regulations. Conducted effectively, strong compliance enables the organization to act with integrity, and provide optimal service delivery to Aegon’s clients. To ensure the achievement of this objective, the Compliance Function prepares an annual plan that is approved by the Audit Committee and reports on progress against the plan on a quarterly basis. Business units must also prepare local annual plans as well as a compliance monitoring plan to ensure that business is operating in accordance with the agreed-upon requirements. The Compliance Function is supported by a compliance methodology as well as certain tooling, such as sanction screening tooling, to ensure that there is alignment across the business units. Activities The Compliance Function is