62. The management body should ensure that the internal control functions have the appropriate …

The management body should ensure that the internal control functions have the appropriate financial and human resources as well as powers to effectively perform their role. As a minimum, the compliance function should operate independently, including that there is an appropriate segregation of duties. The reporting lines and the allocation of responsibilities, in particular among key function holders, within an investment firm should be clear, well-defined, coherent, enforceable and duly documented. The documentation should be updated as appropriate.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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