69. The management body of a Union parent undertaking should ensure that the different group …

The management body of a Union parent undertaking should ensure that the different group entities (including the Union parent undertaking itself) receive enough information to have a clear understanding of the general objectives, strategies and risk profile of the group and how the group entity concerned is embedded into the group’s structure and operational functioning. Such information – and any revisions thereof – should be documented and made available to the relevant functions concerned, including the management body, business lines and internal control functions. The members of the management body of a Union parent undertaking should keep themselves informed abou t the risks the group’s structure causes , taking into account the criteria specified in Section 7 of the guidelines. This includes receiving:

• a. information on major risk drivers;
• b. regular reports assessing the investment firm ’ s overall structure and evaluating the compliance of individual entities ’ activities with the approved group-wide strategy; and
• c. regular reports on topics where the regulatory framework requires compliance at the individual and consolidated levels.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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