CTRL 1.2.13 What is the compliance oversight function?

The compliance oversight function for an authorised firm is the function of being responsible for:

(a) the firm’s compliance policies, procedures and controls; and
(b) overseeing and reviewing the firm’s implementation of, and its compliance with, those policies, procedures and controls.
Note For more on the compliance oversight function, see Part 6.3.

 

Derived from QFCRA RM/2020-4 (as from 1st July 2021)