9. In addition to the provisions set out in the Guidelines EBA/GL/2021/05 , the management body of …

In addition to the provisions set out in the Guidelines EBA/GL/2021/05⁹ , the management body of a financial institution in its supervisory function should:

• a. be informed of the results of the latest restrictive measures exposure assessment, pur-suant to Section 4.2;
• b. oversee and monitor, through the internal controls function, the extent to which the restrictive measures policies and procedures are adequate and effective, pursuant to Section 4.3, in light of the restrictive measures exposure and risks of circumvention of restrictive measures to which the financial institution is exposed and take appropriate steps to ensure remedial measures are taken where necessary;
• c. at least once a year, assess the effective functioning of the restrictive measures com-pliance function, including internal policies, procedures and controls, including the ap-propriateness of the human and technical resources allocated to compliance with re-strictive measures.

⁹ Guidelines EBA/GL/2021/05 on internal governance under Directive 2013/36/EU.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

  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.