Controlled Function definition

Controlled Function means a function prescribed as a controlled function under the Central Bank Reform Act 2010 (Sections 20 and 22) Regulations 2011 (S.I. No. 437 of
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Controlled Function means a function prescribed in regulations made under section 20;
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Controlled Function means a controlled function for the purposes of section 59 of FSMA as specified in the FCA Handbook (as applicable) from time to time.
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Examples of Controlled Function in a sentence

  • Each Approved Individual and Designated Individual must observe high standards of integrity and fair dealing in carrying out every Controlled Function or Designated Function.

  • Each Approved Individual and Designated Individual must observe proper standards of conduct in financial markets in carrying out every Controlled Function or Designated Function.

  • Each Approved Individual and Designated Individual must act with due skill, care and diligence in carrying out every Controlled Function or Designated Function.

  • The AFSA may only authorise an individual to carry on a Controlled Function if it is satisfied that the individual is fit and proper to be an Approved Individual.

  • The Pre-Approved Controlled Function (PCF-48) role of Head of Actuarial Function within the Company also holds the position of Chief Actuary.


More Definitions of Controlled Function

Controlled Function means persons who have applied to be or are performing the function of directors, senior officers, managers, officers, shareholders, and licensed professional directors in accordance with the relevant legislation, and includes any function not listed in this definition in respect of which a fit and proper assessment is required pursuant to a regulatory law or the Money Laundering Regulations. For greater certainty, a controlled function includes a position that requires the person to be directly answerable to the board of the licensee or in respect of which the Authority is satisfied that the function plays a significant role in the management and decision making of the regulated entity at a senior level.
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Controlled Function means any of functions 1 to 27 which are specified under section 59 FSMA in the table of controlled functions found at SUP 10.4.5R of the FSA’s Handbook of rules and guidance (version as at 1 January 2005).
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Controlled Function a function which has been specified by the FSA pursuant to section 59(3) FSMA;
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Controlled Function means, in relation to the AFCS Maintenance Contract, any function or right or entitlement of the Operator specified therein as requiring the consent or approval of TII.
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Controlled Function means ‘controlled function’ as defined in FSA Rules;
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Controlled Function means a function of a description specified in rules.
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Controlled Function means a function prescribed as a controlled function under either the Central Bank Reform Act (Sections 20 and 22) Regulations 2011 (S.I. No. 437 of 2011) or the Central Bank Reform Act (Sections 20 and 22 – Credit Unions) Regulations 2013 (S.I. No. 171 of
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