CTRL 4.1.1 What is an authorised firm’s senior management?

An authorised firm’s senior management is made up of:

(a) each individual (if any) who is approved to exercise any of the following controlled functions for the firm:
(i) the senior executive function;
(ii) the finance function;
(iii) the senior management function;
(iv) the MLRO function;
(v) the risk management function;
(vi) the compliance oversight function;
(vii) the internal audit function;
(viii) the actuarial function; and
(b) any other individual who, in the Regulatory Authority’s opinion, has overall responsibility for the day-to-day management of the part or parts of the firm’s business in or from the QFC.


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