8. These guidelines apply in relation to investment firm s’ governance arrangements as required …

These guidelines apply in relation to investment firm s’ governance arrangements as required under Directive (EU) 2019/2034, including their organisational structure and the corresponding lines of responsibility, and also to the processes to identify, manage, monitor and report all risks⁹ that they are or might be exposed to, and to the internal control framework.

⁹ Any reference to risks in these guidelines should include all risks to which investment firms are or may be exposed, including risks to clients, risks to the market, risks to the investment firm and liquidity risks, operational risks including legal and IT risks and reputational risks, ESG risks and money laundering and terrorist financing risks.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/