(1) An investment business firm shall ensure that a suitably qualified person is appointed to oversee the compliance function of the investment business firm (in this Regulation referred to as the "compliance officer").
(2) An investment business firm shall ensure that the compliance officer is responsible for the compliance function of the investment business firm, and such function shall include the following tasks:
(a) overseeing compliance with all supervisory and regulatory requirements;
(b) reporting in writing, on at least an annual basis, compliance with all supervisory and regulatory requirements to senior management of the investment business firm;
(c) acting as the investment business firm's point of contact with the Bank with respect to compliance with supervisory and regulatory requirements.
(3) An investment business firm shall ensure that the compliance officer has at all times -
(a) access to all of the investment business firm's systems and records necessary for t