CTRL 3.1.9 General obligations — accountability

An authorised firm’s governing body is accountable for:

(a) the development and oversight of the firm’s business strategy and objectives;
(b) the firm’s risk management framework;
(c) the firm’s internal controls and assurance framework; and
(d) the firm’s financial soundness.

 

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