+Article 8 2

Article 8 2

2.   For the purposes of paragraph 1, point (a), competent authorities shall verify whether:

(a)

the risk control unit is composed of one or more separate organisational structures in the institution’s organisational chart;

(b)

the heads of the risk control unit or units are senior managers of the institution;

(c)

the staff and the senior management responsible for the risk control unit are not responsible for any trading business activities;

(d)

senior managers of the risk control unit and those responsible for business areas have different reporting lines to the management body of the institution;

(e)

the variable remuneration of the staff and senior management responsible for the risk control unit is not linked to the performance of the tasks related to trading business areas under their supervision in a way that hinders or impedes their independence.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • Builddate: 17.06.2024 00:00:00 -Doknr: CELEX:32024R1085
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