Reference Case Number: FOI10438
Freedom of Information: Right to know request:
The number of individuals in the insurance sector that are authorised to carry out the below Controlled Functions and a breakdown of the below by men and women.
SMF 1 – Chief executive function
SMF 2 - Chief finance officer function
SMF 3 – Executive director function
SMF 4 - Chief risk officer function
SMF 5 - Head of internal audit function
SMF 9 - Chair of the governing body function
SMF 10 - Chair of the risk committee function
SMF 11- Chair of the audit committee function
SMF 12 -Chair of the remuneration committee function
SMF 13 - Chair of the nomination committee function
SMF 14- Senior independent director function
SMF 15 - Chair of the with-profits committee function
SMF 16 - Compliance oversight function
SMF 17 - Money laundering reporting function
SMF 18 - Other overall responsibility function
SMF 23b - Conduct risk oversight (Lloyd's) function
SMF 24 - Chief operations function
* Based on the following salutations: Mr, Earl, Sir, M, Lord, Prince, Viscount, Mr., Rt Hon Lord, The Right Honourable Lord
** Based on the following salutations: Mrs., Countess, Miss, Ms, Marquess, Ms., Mrs, Lady, Comtesse, Sister, Baroness, Dame
Please provide data broken down by year for each of the last five years, with a year-end of June 30th.
If you cannot provide five years of data, please provide four years of data. If you cannot provide four years of data, please provide three years of data. If you cannot provide three years of data, please provide two years of data. If you cannot provide two years of data, please provide one year of data.
FCA response:
Please note that full wording of the request is available in Annex A.
Please see Annex B below for the total number of individuals in the General Insurance and Pure Protection Sector that hold each of the SMF roles in each of the last 5 years.
We do not hold the information on the gender of SMF roles holders as we do not systematically record the gender of individuals. We hold information on the salutations used by individuals, though they do include additional salutations to the ones specified in your request. Please note, however, that:
a) individuals may use a salutation that is different to their gender self-identification.
b) there are several salutations which are gender neutral (e.g., ‘Doctor, ‘Professor’), or a role title was provided instead of a salutation (e.g., “Managing Partner”), and
c) in some instances, the salutation field has been left blank.
The information we hold can be seen in the tables attached in Annex C.