SUP 10C.6 FCA required functions

The compliance oversight function is the function of acting in the capacity of a person who is allocated the function in:

1. (1)

   SYSC 6.1.4R(2);

2. (2)

    SYSC 6.1.3-CR;

3. (3)

    [deleted]

4. (4)

   SYSC 6.1.4CR;

5. (5)

   SYSC 3.2.8R; or

6. (6)

   (for a full-scope UK AIFM) article 61(3)(b) of the AIFMD level 2 regulation.

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

The 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.

The limited scope function is the function of acting in the capacity of a person:

1. (1)

   responsible for the apportionment function and/or the oversight function set out in SYSC 4.4.5R;

2. (2)

   who has the responsibility allocated under MAR 8.5.2R (Responsibility for benchmark activities: regulated benchmark administrators); or

3. (3)

   performing the role of the senior manager described in MAR 8.5.4R(2) (Responsibility for benchmark activities: regulated benchmark administrators).