Check your settings below and select the cookies you’re happy with.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any information which allows us to identify you unless you are logged into your account.

Performance Cookies

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site and will not be able to monitor its performance.

Functional Cookies

These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.

Targeting Cookies

These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly information which allows us to identify you personally but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.

Find out more about www.allaboutcookies.org or view our cookie policy.

Skip to main content

Home
FCA Handbook
SUP
SUP 10C
SUP 10C.4 Specification of functions

Alternative versions

2016-03-07

Point in time

2016-04-06
2018-12-10
2019-12-09
2020-12-07

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

(1)
Part 1 of the table in SUP 10C.4.3R applies to UK relevant authorised persons 2.
(2)
Part 2 of the table in SUP 10C.4.3R applies to EEA relevant authorised persons.2
(3)
Part 3 of the table in SUP 10C.4.3R applies to third-country relevant authorised persons.2

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.