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CRA-4.11.3

Licensees must establish and maintain a permanent and effective compliance function which operates independently and has, as a minimum, the following responsibilities:

(a) to monitor and, on a regular basis, to assess the adequacy and effectiveness of the measures and procedures put in place, and the actions taken to address any deficiencies in the licensee's compliance with its obligations;
(b) to draw up and implement a compliance monitoring plan; and
(c) to advise and assist the relevant persons responsible for carrying out regulated crypto-asset services to comply with the licensee's legal and regulatory obligations.
Added: April 2019