Which statement best describes the role and responsibilities of a Key Individual (KI) under FAIS?

Which statement best describes the role and responsibilities of a Key Individual (KI) under FAIS?

• A. To approve every product sale.
• B. To manage marketing strategy.
• C. A senior person responsible for ensuring the firm's compliance with FAIS and the Code of Conduct and for overall regulatory responsibility.
• D. To handle IT infrastructure.

Answer: (C)