SNS calling functions

Can an SNS instance vote to call any function on the IC through governance? Or would it have to vote to deploy a wasm that calls a function?

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You can find more information on executing functions with SNS governance being the caller here (Section 7). Note that SNS governance can actually execute functions on any canister (even those that are not registered with SNS) except for the following ones: SNS governance, SNS root, SNS ledger, SNS swap, NNS ledger, and IC management canister.