44. In accordance with Article 28 of the IFD and unless otherwise specified by national law …

In accordance with Article 28 of the IFD and unless otherwise specified by national law,¹⁸ investment firms where the value of their on and off ‐ balance sheet assets is on average more than EUR 100 million over the four ‐ year period immediately preceding the given financial year must establish risk and remuneration committees to advise the management body in its supervisory function and to prepare the decisions to be taken by this body.

¹⁸ Article 28 of Directive (EU) 2019/2034 requires investment firms that do not meet the criteria set out in point (a) of Article 32(4) to establish a risk committee composed of members of the management body who do not perform any executive function in the investment firm concerned.

1. Overview

1.1 References

• Article 28 Role of the management body in risk management

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/