Welcome to our Compliance Glossary section, designed to provide clarity and understanding of key terms related to Senior Management Functions (SMFs). This resource aims to support compliance professionals in navigating the complexities of regulatory frameworks by offering precise definitions and insights into essential concepts. Whether you’re new to compliance or seeking to refresh your knowledge, this glossary will serve as a valuable tool in ensuring adherence to industry standards and enhancing your organisational practices. What is an SMF? Senior Management Functions