A Dealer Member appoints an individual to a role that involves 'managing significant areas of risk' as described in Rule 1500. This individual is a member of the firm's executive management committee. In which category of Approved Person MUST this individual be approved?

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Accepted Answer

The definition of an 'Executive' under Rule 1201(2) includes members of an executive management committee and those involved in senior management who manage significant areas of risk.

A Dealer Member appoints an individual to a role that involves 'managing significant areas of risk' as described in Rule 1500. This individual is a member of the firm's executive management committee. In which category of Approved Person MUST this individual be approved?

Discussion