CTRL 3.1.2 Members of governing body to be approved individuals

A member of an authorised firm’s governing body must be an individual who is approved to exercise the appropriate controlled function, as follows:

(a) for an executive member — the executive governance function;
(b) for a non-executive member — the non-executive governance function.


Derived from QFCRA RM/2012-4 (as from 1st July 2013)
Amended by QFCRA RM/2020-4 (as from 1st July 2021)