Governance & compliance
Key function holder
The holder of a key function: the officer responsible under Solvency II (insurers) and IORP II, implemented in the Netherlands in the Pensions Act, for a key function such as risk management, the actuarial function, compliance or internal audit. The key function holder is accountable for carrying out that function and is assessed by the supervisor for suitability and integrity.
Source: EU Solvency II; EU IORP II; Pensioenwet