management body

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1. (1) (other than in (2))112 (in accordance with article 3(7) of CRD) the governing body and senior personnel of a CRR firm who are empowered to set the firm's strategy, objectives and overall direction, and which oversee and monitor management decision-making.
2. 112(2) (in COLL and in SYSC 19E and in accordance with article 2(1)(s) of the UCITS Directive), the governing body of a management company or depositary of a UCITS scheme or an EEA UCITS scheme, as applicable, with ultimate decision-making authority comprising the supervisory and the managerial function or only the managerial function, if the two functions are separated.