HC-7.1.1
The Board must:
(a) Oversee the management of the licensee’s compliance risk;
(b) Establish an independent compliance function and approve an appropriate compliance framework for the licensee based on its size and complexity of its operations;
(c) Set priorities for the management of its compliance risk in a way that is consistent with its risk management strategy and structures; and
(d) Approve the licensee’s compliance policy for identifying, assessing, monitoring, reporting and advising on compliance risk.
Added: July 2023