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AU-1.2.2

Controlled functions are those functions occupied by board members and persons in executive positions and include:

(a) Board Member/ Director (for Bahraini insurance licensee only);
(b) Chief Executive or General Manager and their Deputies;
(c) Heads of other functions including (IT and HR functions);
(d) Head of risk management;
(e) Compliance officer;
(f) Money Laundering Reporting Officer;
(g) [This sub-Paragraph was deleted in October 2020];
(h) Internal Shari'a reviewer (where applicable);
(i) Unit-linked investment adviser (where applicable);
(j) Signing Actuary (where the function is undertaken by a Director or an employee of the insurance firm);
(k) Chief Financial Officer and/ or Head of Finance;
(l) Head of Internal Audit;
(m) Head of Underwriting;
(n) Head of Claims; and
(o) Head of Sales and Marketing/ Head of Business Development.
Amended: October 2020
Amended: January 2016
Amended: April 2014
Amended: October 2007
Amended: July 2007