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Term Definition Legal instruments

relevant senior management function


means, for the purposes of section 64A of FSMA and to the extent applicable, pursuant to the FCA Handbook, to a UK Solvency II firm, the Society, a managing agent, a third country branch undertaking (other than a Swiss general insurer), an ISPV, a large non-directive insurer or a small non directive insurer:

  1. an FCA governing function; and

  2. [Deleted.];

  3. [Deleted.];

  4. [Deleted.];

  5. [Deleted.];

  6. [Deleted.];

  7. Compliance oversight function (FCA controlled function SMF 16).