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  • HC-6.2 HC-6.2 Establishment of Management Structure

    • HC-6.2.1

      The Board must approve and review at least annually the investment firm licensee's management structure and responsibilities.

      January 2011

    • HC-6.2.2

      The Board must appoint senior management whose authority must include management and operation of current activities of the investment firm licensee, reporting to and under the direction of the Board. The senior managers must include at a minimum:

      (a) A CEO;
      (b) A chief financial officer;
      (c) A corporate secretary;
      (d) An internal auditor (see HC-6.4 and AU-1.2); and
      (e) A compliance officer (seeHC-6.5 and AU-1.2).

      and must also include such other approved persons as the Board considers appropriate and as a minimum must include persons occupying controlled functions as outlined in Paragraph AU-1.2.2.

      Amended: April 2011
      January 2011