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Status: You are viewing the version of the handbook as on 2019-09-14.

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 person3 who is allocated the function in:2

  1. (1)

    SYSC 6.1.4R(2); 3

    2
  2. (2)

    article 22(3) of the MiFID Org Regulation; 3

    2
  3. (3)

    article 22(3) of the MiFID Org Regulation (as applied in accordance with SYSC 1 Annex 1 2.8AR, SYSC 1 Annex 1 3.2-AR, SYSC 1 Annex 1 3.2-BR, SYSC 1 Annex 1 3.2CR and SYSC 1 Annex 1 3.3R);3

    2
  4. (4)

    SYSC 6.1.4CR; or3

  5. (5)

    SYSC 3.2.8R.3

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

[deleted]3

Conduct risk oversight (Lloyd’s) function (SMF23b)

SUP 10C.6.4R

3The conduct risk oversight (Lloyd’s) function is the function of acting in the capacity of a person who is allocated the function in SYSC 3.2.9AR.