172. Competent authorities should verify that it is envisaged that the compliance function will …

Competent authorities should verify that it is envisaged that the compliance function will manage compliance risk, provide advice to the management body on measures to be taken to ensure compliance with applicable laws, rules, regulations and standards, and implement, under the oversight of the management body, policies and processes to manage compliance risks and to ensure compliance. Competent authorities should verify that the compliance function is adequate to the types and geographical distribution of activities (e.g. compliance with the applicable national laws of various jurisdictions in the case of activities carried out on cross-border basis), risks and complexity in line with the business model and the business plan assessment conducted in accordance with section 7 of these Guidelines.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.