• GEN 5.4.9 GEN 5.4.9

    The Responsible Officer function is carried out by an individual who:

    (a) has significant responsibility for the management of one or more aspects of an Authorised Person's affairs;
    (b) exercises a significant influence on the Authorised Person as a result of (a); and
    (c) is not an Employee of the Authorised Person.

    • Guidance

      1. The Recognised Function of a Responsible Officer applies to an individual employed by a Controller or other Group company who is not an Employee of the Authorised Person, but who has significant responsibility for, or for exercising a significant influence on, the management of one or more aspects of the Authorised Person's business.
      2. Examples of a Responsible Officer might include an individual responsible for the overall strategic direction of an Authorised Person or a regional manager to whom a Senior Executive Officer reports and from whom he takes direction.