34. In its management function, the management body should constructively challenge and critically …

In its management function, the management body should constructively challenge and critically review propositions, explanations and information received when exercising its judgement and taking decisions. In its management function, the management body should comprehensively report to, and inform regularly and where necessary without undue delay, the management body in its supervisory function of the relevant elements for the assessment of a situation, the risks and developments affecting or that may affect the investment firm, e.g. material decisions on business activities and risks taken, the evaluation of the investment firm’s economic and business environment, liquidity and sound capital base, and assessment of its material risk exposures.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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