CEO
Anders Kumlin is the Spotlight Stock Markets chief executive officer (CEO). The CEO is, along with the company’s executive vice president and CFO, responsible for, among other things, the company’s internal corporate governance, compliance, legal affairs, economics and the management external control functions.
CFO
Mikael Renck is the Company’s chief financial officer (CEO). The CFO is responsible for, among other things, the bookkeeping of the Group, annual and half-yearly financial statements, monthly financial statements, declarations, reporting to the Swedish Financial Supervisory Authority (Finansinspektionen) and the current registration of invoices and payments. The CFO is directly subordinate to the Company’s executive vice president.
Head of Surveillance
Anna Swanér is Head of Surveillance for Spotlight. In his role as the head of Spotlight’s market surveillance, Anna Swanér has no responsibility for results and is not assessed on any quantitive basis. He will only work to conduct sound and service-oriented market surveillance.
The three lines of defence
Spotlight Stock Market AB (the "Company") is a securities firm under the supervision of the Swedish Financial Supervisory Authority. Consequently, specific requirements are imposed on the Company’s internal governance and control.
Risk management is structured according to a three-lines-of-defense model, where each line has a responsibility, in accordance with established governance documents, to prevent, monitor, and manage risks that may arise.
The first line of defense, which owns the risks in the Company's operations, including the risk of regulatory non-compliance, comprises the business operations, including its support functions.
Thus, the first line is responsible for the primary management of both risks and regulatory compliance within the operations.
The second line of defense, consisting of the compliance and risk control functions, operates independently of the business operations. These functions are responsible for ensuring that the first line adheres to internal and external regulations. Additionally, the second line is tasked with supporting the first line in matters of internal governance and control and working proactively to create a satisfactory and effective control environment within the Company.
The Company's risk control function is provided internally within the group by the Risk Manager from Spotlight Group AB, who reports directly to the Company's Board of Directors.
The Company's compliance function is also provided internally within the group by the Compliance Officer from Spotlight Group AB, who reports directly to the Company’s Board of Directors.
The third line of defense is represented by the internal audit function. The overall purpose of the internal auditor’s review is to ensure that the rules governing the Company’s operations are observed and that any identified discrepancies are addressed as soon as possible.
The Company outsources the internal audit function to Transcendent Group.
