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Status: You are viewing the version of the handbook as on 2016-12-01.

SUP 10C.6 1FCA-required functions

Compliance oversight function (SMF16)

SUP 10C.6.1RRP

The compliance oversight function is the function of acting in the capacity of a director or senior manager who is allocated the function in SYSC 6.1.4R(2).

Money laundering reporting function (SMF17)

SUP 10C.6.2RRP

The money laundering reporting function is the function of acting in the capacity of the money laundering reporting officer of a firm.

SUP 10C.6.3GRP

A firm's obligations in respect of its money laundering reporting officer are set out elsewhere in the Handbook (see SYSC 6.3.9R and, for their scope, see the application provisions in SYSC 1 Annex 1).