CRA-4.11.4

In order to enable the compliance function to discharge its responsibilities properly, licensees must ensure that the following conditions, as a minimum, are satisfied:

(a) the compliance function must have the necessary authority, resources, expertise and access to all relevant information;
(b) a Compliance Officer must be appointed and shall be responsible for the compliance function and for any reporting as to compliance required by these Rules;
(c) the relevant persons involved in the compliance function must not be involved in the performance of services or activities which they monitor; and
(d) the method of determining the remuneration of the relevant persons involved in the compliance function must not compromise their objectivity.
Amended: April 2023
Added: April 2019