68. The management body of a Union parent undertaking should understand not only the legal …

The management body of a Union parent undertaking should understand not only the legal, organisational and operational structure of the group, but also the purpose and activities of its different entities and the links and relationships among them. This includes understanding group-specific operational risks and intra-group exposures as well as how the group's funding, capital, liquidity and risk profiles could be affected under normal and adverse circumstances. The management body should ensure that the parent investment firm is able to produce information on the group in a timely manner regarding the type, characteristics, organisational chart, ownership structure and businesses of each legal entity, and that the investment firms within the group comply with all the supervisory reporting requirements on an individual and consolidated basis.

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/