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Data-backed role map

Section 250 map for wealth management COOs

A COO or head of operations in a wealth management firm may meet the s.250(3) functional test where their authority covers a substantial part of how the organisation is managed or organised. This data-backed page pairs role-specific evidence prompts with aggregate coverage context from the latest coverage asset while avoiding invented benchmark counts.

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 operating model, branch operations, client-service controls, or outsourced operations that affect a substantial part of the firm.

Power to set or approve operational policies that senior advisers, portfolio teams, or client-facing staff rely on.

Responsibility for escalation paths, incident response, complaints handling, or business continuity across material business lines.

Board or executive-committee participation where operational decisions shape how the firm is managed or organised.

Evidence to collect

  1. Record the specific responsibilities that may satisfy the s.250(3) functional test.
  2. Cross-reference the role against SM&CR records, Statements of Responsibilities, committee terms, and delegation matrices.
  3. Document why the role is included, excluded, or flagged for legal review.
  4. Attach the conclusion to the board 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 coo / head of operations in wealth 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 data-backed page. Aggregate coverage context renders only from the latest coverage asset when source date, methodology, output hash, and caveat provenance are complete.

Sources