4. Guidelines

Title I – proportionality

Title II – role and composition of the management body and committees

1 Role and responsibilities of the management body

2 Management function of the management body

3 Supervisory function of the management body

4 Role of the chair of the management body

5 Committees of the management body in its supervisory function

5.1 Setting up committees

5.2 Composition of committees

5.3 Committees’ p rocesses

5.4 Role of the risk committee

Title III – governance framework

6 Organisational framework and structure

6.1 Organisational framework

6.2 Know your structure

6.3 Complex structures and non-standard or non-transparent activities

7 Organisational framework in a group context

Title IV – risk culture and business conduct

8 Risk culture

9 Corporate values and code of conduct

10 Conflict of interest policy at firm level

11 Conflict of interest policy for staff

11.1 Conflicts of interest policy in the context of loans and other transactions with members of the management body and their related parties

11.2 Documentation of loans to members of the management body and their related parties and additional information

12 Internal alert procedures

13 Reporting of breaches to competent authorities

Title V – internal control framework and mechanisms

14 Internal control framework

15 Implementing an internal control framework

16 Risk management framework

17 Internal control functions

17.1 Heads of the internal control functions

17.2 Independence of internal control functions

17.3 Resources of internal control functions

18 Risk management function

18.1 RMF’s role in risk strategy and decisions

18.2 RMF’s role in material changes

18.3 RMF’s role in identifying , measuring, assessing, managing, mitigating, monitoring and reporting on risks

18.4 RMF’s role in limits

18.5 Head of the risk management function

19 Compliance function

20 Internal audit function

Title VI – business continuity management

Title VII – transparency