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Application provision

1.1 Unless otherwise stated, this Part applies to:

4.1

07/03/2016

A firm must identify:

  1. (1) each of the functions that the firm considers to be a key function; and
  2. (2) any such key function that amounts to effectively running the firm.

4.2

07/03/2016

A firm must keep its identification of key functions pursuant to 4.1 up-to-date.

4.3

07/03/2016

A firm must keep a record of its reasoning for the identification of key functions pursuant to 4.1.