+Article 10 2

Article 10 2

2. For the purposes of paragraph 1, competent authorities shall verify whether:

(a)	the review is proportionate to the nature, size, and complexity of the institution’s business and organisational structure, and in particular to the complexity of the internal models and their implementation;

(b)	the reviewer has resources that are adequate to undertake all relevant activities, and sufficiently experienced and qualified staff;

(c)	the reviewer is not, nor has been involved in any aspect of the design and implementation of the internal model subject to review;

(d)	the reviewer is independent from the staff and management function responsible for the business and risk control units;

(e)	the variable remuneration of the staff and management responsible for the review is not linked to the performance of the tasks related to the institution’s trading business areas in a way that hinders or impedes their independence.

1. Overview

Summary	Regulation

Requirements
Source	Requirement

Standards
Source	Requirement

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