GEN 5.3.2

Past version: effective from 05/07/2012 - 15/08/2012
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An Authorised Person must establish and implement, taking due account of the nature, scale and complexity of its business and structure, adequate measures to ensure:

(a) clearly defined roles and responsibilities assigned to its Governing Body and the members of that body, senior management and Persons Undertaking Key Control Functions;
(b) there are clear reporting lines applicable to the individuals undertaking those functions;
(c) the roles, responsibilities and reporting lines referred to in (a) and (b), are documented and communicated to all relevant Employees; and
(d) in the case of an Authorised Firm, the Employees who will be delivering Financial Services to its customers are also clearly identified, together with their respective lines of accountability and supervision.
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended][VER10/06-06]
[Amended] DFSA RM95/2012 (Made 14th June 2012). [VER29/06-12]