SUP 10A.4 Specification of functions

SUP 10A.4.1R01/04/2013

Each of the functions described in SUP 10A.4.4 R (the table of FCA controlled function) is an FCA controlled function.

SUP 10A.4.2R01/04/2013

Part 1 of the table of FCA controlled functions applies in relation to an FCA-authorised person. It also applies in relation to an appointed representative for the purposes of SUP 10A.1.15 R (Appointed representatives) whether its principal is an FCA-authorised person or a PRA-authorised person. Part 2 applies in relation to a PRA-authorised person.

SUP 10A.4.3G01/04/2013

The fact that a person may be FCA-approved for one purpose does not have the effect of bringing all his activities within that FCA controlled function.

SUP 10A.4.4R02/04/2013

FCA controlled functions

Part 1 (FCA controlled functions for FCA-authorised persons and appointed representatives)
Type	CF	Description of FCA controlled function
FCA governing functions*	1	Director function
	2	Non-executive director function
	3	Chief executive function
	4	Partner function
	5	Director of unincorporated association function
	6	Small friendly society function
FCA required functions*	8	Apportionment and oversight function
	10	Compliance oversight function
	10A	CASS operational oversight function
	11	Money laundering reporting function
	40	Benchmark submission function 1
	50	Benchmark administration function 1
Systems and controls function*	28	Systems and controls function
Significant management function*	29	Significant management function
Customer-dealing functions	30	Customer function
*FCA significant-influence functions

Part 2 (FCA controlled functions for PRA-authorised persons)
Type	CF	Description of FCA controlled function
FCA required functions*	8	Apportionment and oversight function
	10	Compliance oversight function
	10A	CASS operational oversight function
	11	Money laundering reporting function
	40	Benchmark submission function 1
	50	Benchmark administration function 1
Significant management function*	29	Significant management function
Customer-dealing function	30	Customer function
*FCA significant-influence functions

Content Options:

View Options:

More Resources:

SUP 10A.4 Specification of functions