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designated senior management function

    (in accordance with section 59ZB of the Act (Designated senior management functions):122

    (a) a function that has been designated by the FCA in SUP 10C (FCA senior managers regime for approved persons in SMCR firms) as a designated senior management function; or122

    (b) a function of a description specified in rules made by the PRA under section 59(3)(a) of the Act (Approval for particular arrangements).122