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.4.2R10/12/2018

SUP 10C Annex 1 (What functions apply to what type of firm) sets out which of the functions in SUP 10C.4.3R apply to which kind of firm.4

SUP 10C.4.3R10/12/2018

Table of FCA-designated senior management functions for SMCR firms4

4Type	SMF	Description of FCA controlled function
FCA governing functions
	SMF 3	Executive director function





	SMF 13	Chair of the nomination committee function

	SMF 15	Chair of the with-profits committee function
	SMF 19	Head of third country branch function
	SMF 27	Partner function
FCA required functions	SMF 16	Compliance oversight function
	SMF 17	Money laundering reporting function
	SMF 18	Other overall responsibility function
	SMF22	Other local responsibility function
	SMF 23b	Conduct risk oversight (Lloyd’s) function

Other high-level management functions	SMF 21	EEA branch senior manager function

SUP 10C.4.4G10/12/2018

As described in SUP 10C.1.7R to SUP 10C.1.8G (Appointed representatives), SUP 10A specifies certain other controlled functions for SMCR firms 4.

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