HC-2.4.4

Past version: Effective from 01 Jul 2007 to 30 Sep 2009
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The Compliance Officer is a controlled function and the requirements relating to approved persons must be met (see Chapter AU-1.2). If the scale and nature of the licensee's operations are limited, then the individual who performs the function of Compliance Officer may also take on other responsibilities, providing this does not create a potential conflict of interest. The compliance and internal audit functions are incompatible, however, and may not be combined.

Adopted: July 2007