Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 19 April 2023 - onwards
  Version 3 of 3    

20. Controlled functions.

(1) The Bank may make regulations prescribing functions that are to be controlled functions in relation to regulated financial service providers or in relation to holding companies.

(2) The Bank may prescribe a function under subsection (1) to be a controlled function in relation to a regulated financial service provider if and only if the function is a function in relation to the provision of a financial service and -

(a) is likely to enable the person responsible for its performance to exercise a significant influence on the conduct of the affairs of a regulated financial service provider,

(b) is related to ensuring, controlling or monitoring compliance by a regulated financial service provider with its relevant obligations, or

(c) is likely to involve the person responsible for its performance in the provision of a financial service by a regulated financial service provider in one or more of the following ways:

(i) the giving of advice or assistance to a customer of the regulated fi

Comparing proposed amendment...