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Generated wave 2 role map

Section 250 map for asset management operations heads

A head of operations in an asset management firm may require s.250(3) review where their authority shapes outsourced operations, trade support, reconciliations, incident response, or the operating model for a substantial part of the firm. This pilot keeps the claim set intentionally narrow until measured data exists.

Functional-test signals

These signals are prompts for review. They do not decide the legal answer; they show what a compliance team should evidence when assessing whether the role plays a significant role in managing or organising the firm.

Authority over trade operations, reconciliations, outsourced administration, or control remediation across material desks or funds.

Power to approve operational policies, incident playbooks, or provider-management standards.

Responsibility for operational-risk escalation, business continuity, or client-impact remediation.

Participation in governance forums where operations decisions shape how investment activity is managed or organised.

Evidence to collect

  1. Record the operational responsibilities being tested against s.250(3).
  2. Cross-reference the role against SM&CR records, outsourcing registers, incident logs, committee terms, and delegation matrices.
  3. Document why the role is included, excluded, or referred for legal review.
  4. Attach the conclusion to the governance evidence pack and renewal cadence.

Asset-backed coverage context

These aggregate values come from the latest coverage asset rows. They describe source-role coverage quality only; they do not decide whether head of operations in asset management satisfies the statutory test.

Sample firms in latest coverage asset

3

Source roles in latest coverage asset

33

SMF holders in latest coverage asset

33

Unresolved source roles in latest coverage asset

0

Source date2026-05-19
Methodologycoverage-derivation-v1
Output hasha5dae2ee03f9

Asset-derived source-role context only; not a Section 250 exposure determination.

Caveats

  • The s.250 test is functional, not title-based. A job title alone is not enough.
  • SM&CR is a useful baseline, not the statutory boundary.
  • Section 250 is corporate attribution, not a failure-to-prevent offence.
  • This page is general information and not legal advice on any specific role.

No benchmark count is claimed on this pilot page. The page uses a thin data stub until Phase 2 supplies a measured FCA-register and coverage dataset.

Sources