Head of Function
TC-1.1.7
Heads of function, where risk acquisition or control is involved, are responsible for tracking specific functional performance goals in addition to identifying, managing, and reporting critical organisational issues upstream. Certain functions require dealing directly with clients while others do not. Both categories of functions, however, require specific qualifications and experience to meet the objectives as well as compliance requirements of the financing company licensee.
January 2014TC-1.1.8
For purposes of Paragraph TC-1.1.7,
licensees should contact the CBB should they require further clarification on whether a specific position falls under the definition of "Heads of Function".January 2014
