SUP 10C.4 1Specification of functions

SUP 10C.4.1R07/03/2016

(1)
Each function described in SUP 10C.4.3R is an FCA controlled function.
(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.4.2R07/03/2016

SUP 10C.4.3R07/03/2016

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
FCA governing functions	SMF 13	Chair of the nomination committee function
FCA required functions	SMF 16	Compliance oversight function
FCA required functions	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
FCA required functions	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
FCA required functions	SMF17	Money laundering reporting function
	SMF22	Other local responsibility function

SUP 10C.4.4G07/03/2016

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.

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