165. Failures of identified staff should be assessed on a case-by-case basis, and include the …

Failures of identified staff should be assessed on a case-by-case basis, and include the following situations:

• a. where a member of the management body is no longer considered as meeting appropriate standards of fitness and propriety;
• b. where the identified staff member participated in or is responsible for conduct which resulted in significant losses for the investment firm, as defined in the investment firms’ remuneration policy;
• c. where an identified staff member acts contrary to internal rules, values or procedures based on intent or gross negligence.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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