GEN 5.2.1

Past version: effective from 01/06/2007 - 04/07/2012
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An Authorised Person must apportion significant responsibilities among its Governing Body and its senior management and maintain such apportionment in such a way that:

(a) it is appropriate with regard to:
(i) the business and affairs of the Authorised Person; and
(ii) the ability and qualifications of the responsible individuals;
(b) it is clear who is responsible for which matters; and
(c) the business and affairs of the Authorised Person can be adequately monitored and controlled by the Authorised Person's Governing Body and senior management.

[Amended]DFSA RM43/2007 (Made 1st June 2007). [VER14/06-07]
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]