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  1. Point in time
    2016-11-05

SUP 10C.4 1Specification of functions

SUP 10C.4.1RRP
  1. (1)

    Each function described in SUP 10C.4.3R is an FCA controlled function.

  2. (2)

    In accordance with section 59(6A) of the Act (Approval for particular arrangements), the FCA designates each function in (1) as a senior management function.

SUP 10C.4.2RRP
  1. (1)

    Part 1 of the table in SUP 10C.4.3R applies to UK relevant authorised persons2.

  2. (2)

    Part 2 of the table in SUP 10C.4.3R applies to EEA relevant authorised persons.2

  3. (3)

    Part 3 of the table in SUP 10C.4.3R applies to third-country relevant authorised persons.2

SUP 10C.4.3RRP

Table of FCA-designated senior management functions for relevant authorised persons

1Part One: (FCA-designated senior management functions for relevant authorised persons)

Type

SMF

Description of FCA controlled function

FCA governing functions

SMF 3

Executive director function

SMF 13

Chair of the nomination committee function

FCA required functions

SMF 16

Compliance oversight function

SMF 17

Money laundering reporting function

SMF 18

Other overall responsibility function

2Part Two: (FCA-designated senior management functions for EEA relevant authorised persons)

Type

SMF

Description of FCA controlled function

FCA required functions

SMF 17

Money laundering reporting function

SMF 21

EEA branch senior manager function

2Part3 Three: (FCA-designated senior management functions for third-country relevant authorised persons)

Type

SMF

Description of FCA controlled function

FCA governing function

SMF3

Executive3 director function

FCA required functions

SMF16

Compliance oversight function

SMF17

Money laundering reporting function

SMF22

Other local responsibility function
SUP 10C.4.4GRP

As described in SUP 10C.1.7R to SUP 10C.1.8G (Appointed representatives), SUP 10A specifies certain other controlled functions for relevant authorised persons.