Controlled Functions definition

Controlled Functions means a function carried on by an approved person in relation to a listed company or CMSP that requires prior CBB approval, as per the relevant licensing Module.
Controlled Functions means those functions set out in Schedule 1 of the Regulations as they apply to regulated financial service providers;
Controlled Functions means those functions set out in Schedule 1 of the 2013 Regulations as they apply to credit unions and Schedule 1 of the 2015 Regulations as they apply to credit unions that are also authorised as retail intermediaries;

Examples of Controlled Functions in a sentence

  • If a firm changes its permission it may need new Controlled Functions and Approved Persons or it may no longer require certain Controlled Functions.

  • The functions specified in GEN 2.2.2 to 2.2.5 are Controlled Functions.

  • The Principles for Approved Individuals and Designated Individuals set out in Section 4.3 apply to Approved Individuals and Designated Individuals in respect of Controlled Functions and Designated Functions.

  • An application to extend the scope of an Approved Person status to other Controlled Functions may be made by the Authorised Person by submitting an application in such form as the Regulator shall prescribe.

  • In submitting applications to the Regulator for Approved Person status in respect of the Controlled Functions, the Authorised Person must make applications in such form as the Regulator shall prescribe.

  • When an Authorised Person applies to the Regulator, for that individual to be an Approved Person, the individual must satisfy the Regulator and the Authorised Person that he is a fit and proper person to carry out the role.Consideration and assessment of applications An individual will only be authorised to carry on one or more Controlled Functions if the Regulator is satisfied that the individual is fit and proper to be an Approved Person.

  • If a firm changes its permission it may need to have new Approved Persons and/or additional Controlled Functions or it may no longer need some existing Controlled Functions.

  • The register details which Controlled Functions an individual is permitted to conduct in relation to each Authorised Firm.

  • In requesting the withdrawal of an Approved Person status in respect of an Approved Person performing any Controlled Functions, the Authorised Person must also submit a request to the Regulator in such form as the Regulator shall prescribe.

  • On 25 February 2020, the Central Bank issued a notice of intention (the “Notice”) proposing to: (i) introduce three new Pre-Approval Controlled Functions (“PCFs”), namely, Chief Information Officer PCF-49, Head of Material Business Line PCF-50 and Head of Market Risk PCF-51; and (ii) split PCF-39 Designated Person into six PCF roles aligned to the specific managerial functions.

Related to Controlled Functions

  • Delegated Functions means a function of the Director or the Lord Chancellor delegated to you by an Authorisation;

  • Safety Related Function means a function of "The System" that is capable of changing the dynamic behaviour of the vehicle. "The System" may be capable of performing more than one safety related function.

  • Governmental function means an activity that is expressly or impliedly mandated or authorized by constitution, statute, local charter or ordinance, or other law. Governmental function includes an activity performed on public or private property by a sworn law enforcement officer within the scope of the law enforcement officer's authority, as directed or assigned by his or her public employer for the purpose of public safety.

  • critical functions means activities, services or operations the discontinuance of which is likely in one or more Member States, to lead to the disruption of services that are essential to the real economy or to disrupt financial stability due to the size, market share, external and internal interconnectedness, complexity or cross-border activities of an institution or group, with particular regard to the substitutability of those activities, services or operations;

  • Commercially Useful Function means responsibility for the execution of a distinct element of the work of the contract, which is carried out by actually performing, managing, and supervising the work involved, evidencing the responsibilities and risks of a business owner such as negotiating the terms of (sub)contracts, taking on a financial risk commensurate with the contract or its subcontract, responsibility for acquiring the appropriate lines of credit and/or loans, or fulfilling responsibilities as a joint venture partner as described in the joint venture agreement.

  • School function means any school-sponsored extra-curricular event or activity.

  • controlled flight means any flight which is subject to an air traffic control clearance;

  • Essential functions means the fundamental job duties of the employment position the individual with a disability holds or desires. “Essential functions” does not include the marginal functions of the position.

  • Essential job functions means the fundamental job duties of the employment position an individual holds. A job function may be considered essential if-

  • Safety-sensitive function means all time from the time a driver begins to work or is required to be in readiness to work until the time he/she is relieved from work and all responsibility for performing work.

  • Controlled Company means a company having not more than fifty members and controlled, in the manner described by section 139, by not more than five persons;

  • Controlled Affiliates means, with respect to any Person, Affiliates of such Person who are directly or indirectly, under the Control of, or controlling, such Person.

  • Controlled substance means a controlled substance in schedules I through V of Section 202 of the Controlled Substances Act (2l U.S.C. 8l2) and as further defined in regulation at 2l CFR l308.ll-l308.l5.

  • Banking organization means a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, or any organization defined by law as a bank or banking organization.

  • Controlled Entities means those entities (including special purpose entities) over which another party has the power to govern, directly or indirectly, decision making in relation to financial and operating policies, so as to require that entity to conform with such controlling party’s objectives;

  • Controlled substances means those substances identified in 49 CFR 40.85. “CCF” means the Federal Drug Testing Custody and Control Form.

  • Controlled Affiliate means any corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise, whether or not for profit, that is directly or indirectly controlled by the Company. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of an entity or enterprise, whether through the ownership of voting securities, through other voting rights, by contract or otherwise; provided that direct or indirect beneficial ownership of capital stock or other interests in an entity or enterprise entitling the holder to cast 15% or more of the total number of votes generally entitled to be cast in the election of directors (or persons performing comparable functions) of such entity or enterprise shall be deemed to constitute control for purposes of this definition.

  • Trustee Functions means the functions set out in paragraph 6;

  • Controlled Subsidiary means any Subsidiary of the Company, 50% or more of the outstanding equity interests of which are owned by the Company and its direct or indirect Subsidiaries and of which the Company possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by agreement or otherwise.

  • Professional employer organization means any person that enters into a written agreement with a

  • Supervised Persons for purposes of this Code means:

  • Sponsoring organization means any organization that establishes,

  • Commonly Controlled Entity an entity, whether or not incorporated, that is under common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414 of the Code.

  • Imitation controlled substance means a substance that is

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Controlled unaffiliated business means a company: