SUP 10C.6 1FCA-required functions
Compliance oversight function (SMF16)
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)
The money laundering reporting function is the function of acting in the capacity of the money laundering reporting officer of a firm.
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).