Control Functions definition

Control Functions means risk management, internal control and similar functions within a financial undertaking.

Control Functions means staff (other than senior management) responsible for risk management, compliance, internal audit and similar functions within an AIFM (e.g. the CFO to the extent that he/she is responsible for the preparation of the financial statements).

Control Functions means those employees engaged in functions such as Compliance, Legal, HR, Finance, Operations and Risk Control; and

Examples of Control Functions in a sentence

• GIA provides independent assurance of the effectiveness of management’s control of its own business activities (the First Line) and of the processes maintained by the Risk Control Functions (the Second Line).

• Raster images shall be compressed using CCITT Group 4 algorithms as specified in Federal Information Processing Standard (FIPS) Publication 150 "Facsimile Coding Schemes and Coding Control Functions for Group 4 Facsimile Apparatus", prior to transfer to the storage media.

• The Committee meets whenever it is necessary to fix or review the remuneration of Executive and non-Executive Members of the Board of Directors, the Company Secretary, the Chief Executive Officer, the officers reporting directly to the Chief Executive Officer and the Heads of the Control Functions.

• The remuneration package for personnel belonging to the Control Functions is structured with a predominantly fixed component and a contained variable part attributed annually on the basis of qualitative and efficiency criteria.

• It should be noted that the personnel of the Control Functions, when outsourced to the Parent Company, is not specifically remunerated for the activities performed in favour of the asset management company, which sustains the costs of the activities carried out on the basis of the respective outsourcing contracts.

More Definitions of Control Functions

Control Functions means the risk control function, the compliance function and the internal audit function.

Control Functions. The term “Control Functions” means staff (other than Senior

Control Functions means those functions that do not have a responsibility of revenue generation and have a responsibility independent from revenue generating functions i.e., to provide objective assessment, reporting and/or assurance on revenue generating/risk taking activities. Not all non-revenue generating functions are control functions; assurance functions and internal control functions are together called control functions. Assurance function are control functions performed by second and third line of defence.

Control Functions means all the functions which, by virtue of a legislative, regulatory, statutory or self- regulatory provisions, are entrusted with control responsibilities;

Control Functions means the functions that have a responsibility independent

Control Functions means those employees engaged in functions such as Compliance, Risk, Internal Audit and Legal.

Control Functions means the dedicated functions (whether in the form of a unit or department) of an insurer responsible for supporting the board in the fulfillment of its