HC-6.2.2

Past version: Effective from 01 Jan 2011 to 31 Mar 2011
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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
(d) 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.

January 2011