PIB 8.2.1 Guidance

For the purposes of the above requirement, an Authorised Firm may take into account its position within its Group. For instance, it would be reasonable for a small Authorised Firm within a larger Group to place some reliance on its parent to ensure that appropriate systems and controls are in place.

Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]