26. Financial institutions should ensure that their restrictive measures exposure assessment …

Financial institutions should ensure that their restrictive measures exposure assessment re-mains up to date and relevant. To achieve this, financial institutions should review it at least once a year and where necessary, update it. In addition, as necessary, financial institutions should review their restrictive measures exposure assessment in the following situations:

• a. adoption of new restrictive measures and significant changes to existing restrictive measures;
• b. before providing new products, offering new product delivery channels, servicing new cli-ent groups, entering new geographical areas;
• c. significant changes to the institution’s activity profile, customer base, organisational structure or business model;
• d. identification of non-implementation of restrictive measures and circumvention of re-strictive measures, which reveals the inappropriateness of the restrictive measures expo-sure assessment;
• e. deficiencies in existing restrictive measures exposure assessment as identified by the fi-nancial institution or the competent authority responsible for the supervision of internal policies, procedures and controls to ensure the implementation of Union and national re-strictive measures.

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.