+Article 9 10

Article 9 10

10.   The Management, under Board direction, and where applicable the Branch Management, under the direction of the board and the management of the legal entity of which the branch is a legally dependent part, shall be responsible for ensuring all of the following:

(a)

that the SIPS operator’s activities are consistent with its objectives, strategy and risk tolerance;

(b)

that internal controls and related procedures are appropriately designed, executed and overseen in order to promote the SIPS operator’s objectives;

(c)

that internal controls and related procedures are subject to regular review and testing by well-trained and sufficiently staffed risk-management and internal-audit functions;

(d)

their active involvement in the risk-control process;

(e)

that sufficient resources are allocated to the SIPS’s risk-management framework.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • Builddate: 14.07.2025 00:00:00 -Doknr: CELEX:32025R1355
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