Article 5 Qualitative criteria

(i)

legal affairs;

(ii)

the soundness of accounting policies and procedures;

(iii)

finance, including taxation and budgeting;

(iv)

performing economic analysis;

(v)

the prevention of money laundering and terrorist financing;

(vi)

human resources;

(vii)

the development or implementation of the remuneration policy;

(viii)

information technology;

(ix)

information security;

(x)

managing outsourcing arrangements of critical or important functions as referred to in Article 30(1) of Commission Delegated Regulation (EU) 2017/565 (7);

(i)

the staff member has the authority to take, approve or veto decisions on such credit risk exposures;

(ii)

the staff member is a voting member of a committee which has the authority to take the decisions as referred to in point (i) of this point (c);

(i)

the staff member has the authority to take, approve or veto decisions on transactions on the trading book that in aggregate represent one of the following thresholds:

(ii)

the staff member is a voting member of a committee that has the authority to take the decisions mentioned in point (i) of this point;

(i)

the sum of those authorities equals or exceeds the threshold referred to in point (c)(i) or in point (d)(i), the first indent;

(ii)

where an internal model-based approach is approved for regulatory purposes, those authorities amount to 5 % or more of the institution’s internal value-at-risk limit for trading book exposures at a 99th percentile (one-tailed confidence interval level); where the institution does not calculate a value-at-risk at the level of that staff member, the value-at-risk limits of staff under the management of this staff member shall be added up;

(i)

the staff member has authority to take such decisions;

(ii)

the staff member is a voting member of a committee that has authority to take such decisions.