• MIR 2.2.2 MIR 2.2.2

    Persons, including members of the Board and Key Individuals, who are in a position to exercise significant influence, directly or indirectly, over the management of the Recognised Body, and who effectively direct the business and operations of the Recognised Body must comply with the requirements for Approved Persons and Recognised Persons as set out in Part 5 of FSMR.

    • Guidance

      For the purposes of this Rule, the Regulator deems the following Persons Approved Persons: Members of the Governing Body, Senior Executive Officer, Finance Officer, Head of Supervision and Head of Operations. The Regulator deems the following Persons Recognised Persons: Compliance Officer, Risk Officer, Money Laundering Reporting Officer and Internal Audit.