key function holders definition
key function holders means the heads of functions whose performance allows a significant influence over the conduct or monitoring of the activities of the institutions. They include, in particular, the heads of the three internal control functions in all institutions, i.e. the Chief Risk Officer (“CRO”) for the risk control function, the Chief Compliance Officer (“CCO”) for the compliance function and the Chief Internal Auditor (“CIA”) for the internal audit function, as well as the head of the financial function (Chief Financial Officer, “CFO”) in significant institutions.
key function holders means persons who have significant influence over the direction of the institution but are not members of the management body, including the heads of internal control functions and the chief financial officer, where those heads or that officer are not members of the management body;
key function holders means persons who have a significant influence on the management of a bank or investment firm, but who are neither members of the board of directors nor of the senior management and are identified as such by the bank or investment firm on the basis of a risk-based approach; these include, in particular, the domestic and foreign branch managers as well as the heads of the internal control functions and the chief financial officer, to the extent that they are not members of senior management;59
More Definitions of key function holders
key function holders means persons who have significant influence over the direction of the credit institution but who are not directors sitting on the board and are not the CEO. They include the heads of internal control functions and the CFO, where they are not directors sitting on the board, and, where identified on a risk-based approach by credit institutions, other key function holders. Other key function holders might include heads of significant business lines, European Economic Area/European Free Trade Association branches, third country subsidiaries and other internal functions;
key function holders means persons who have significant influence over the direction of the credit institution but who are not directors sitting on the board and are not the CEO. They include the heads of internal control functions and the CFO, where they are not directors sitting on the board, and, where identified on a risk-based approach by credit institutions, other key function holders.
key function holders means the staff members of the applicant who, due to their position, may exercise significant influence over the management of the applicant, but who are not members of the management body and includes the heads of significant business lines, support and internal control functions.
key function holders means the persons who exert significant influence on the ACI’s management, but who are neither members of the management body nor the chief executive officer, and include the heads of the internal control functions and the chief financial officer, where they are not members of the management body, and where identified by the ACI on a risk-based approach, other persons that are key function holders, who may include the heads of significant business lines, branches within the European Economic Area/European Free Trade Association, subsidiaries in third countries and third country credit institutions’ branches in the Republic; Official Journal of the EU: L176, 27.6.2013, p.338. “staff” means all the employees of an ACI and its subsidiaries within its scope of consolidation, including the subsidiaries not subject to Directive (EU) no. 2013/36/EU, and all the members of their management bodies in their management function and in their supervisory function;