Aoife is the head of compliance at ABC Bank plc. Aoife's position is, for fitness and probity purposes, a:

• A. Controlled Function.
• B. Politically Exposed Person.
• C. Pre-Approval Controlled Function.
• D. Compliance Function.

Answer: (C)

The key idea is that certain senior roles in a licensed financial services business are designated as Pre-Approval Controlled Functions, meaning the regulator must approve the person before they can perform the function because the role has a significant impact on the firm’s integrity and compliance with the law. The head of compliance fits this category because that position oversees the firm’s entire compliance framework, risk management, and regulatory obligations; getting things right here directly affects how the business operates and protects clients. So, for fitness and probity purposes, this role is a Pre-Approval Controlled Function. The other options don’t fit as well: a Politically Exposed Person is about political office holders, which isn’t the defining feature of the role; a Pure Compliance Function describes what the job does but not the regulatory pre-approval status; and a Controlled Function is a broader term that may not imply the regulator-required pre-approval that PCF does.