Subject matter

These guidelines specify, in accordance with Article 26(4) of Directive (EU) 2019/2034⁸ , the internal governance arrangements, processes and mechanisms that investment firms should implement in accordance with Title IV, Chapter 2, Section 2 of that Directive to ensure their effective and prudent management.

⁸ Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU

The guidelines apply without prejudice to the provisions set out in in Articles 9, 16, 23 and 24 of Directive (EU) 2014/65, in the Commission Delegated Regulation (EU) 2017/565 and in the Commission Delegated Directive (EU) 2017/593.