Definitions
C4-1.3.4
Director is any person who is a member of thelicensee’s Board of Directors, and is individually, and collectively with other Directors responsible for directing the affairs and overseeing the activities of the licensee.Added: January 2022C4-1.3.5
The
Chief Executive ,General Manager , Managing Partner or Co-CEO means a person who is responsible for the conduct of thelicensee (regardless of actual title) and its executive management and performance, within the framework of delegated authorities set by the Board.Added: January 2022C4-1.3.6
Compliance officer or head of compliance function is responsible to ensure that the licensee is in compliance with the applicable legal and regulatory requirements of the CBB and any other relevant regulator/authority.
Added: January 2022C4-1.3.7
The
controlled functions of Money Laundering Reporting Officer/Deputy Money Laundering Reporting Officer are defined under Chapter FC-3.Added: January 2022C4-1.3.8
Head of function means a person who exercises major managerial responsibilities, is responsible for a significant business or operating unit, or has senior managerial responsibility for maintaining accounts or other records of thelicensee .Added: January 2022C4-1.3.9
An
investment consultant orinvestment adviser refers to the function of advising a client or potential client with respect to buying, selling, subscribing for orunderwriting a particularfinancial instrument or exercising any right conferred by such afinancial instrument .Added: January 2022
