88. Areas for analysis by competent authorities may include: a. overall strategy: competent …

Areas for analysis by competent authorities may include:

• a. overall strategy: competent authorities may consider the main quantitative and qualitative management objectives;
• b. projected financial performance: competent authorities may consider projected financial performance, covering the same or similar metrics as those covered in the quantitative analysis of the current business model;
• c. success drivers of the strategy: competent authorities may determine the key changes proposed to the current business model to meet the objectives;
• d. assumptions: competent authorities may determine the plausibility and consistency of the assumptions made by the investment firm that drive its strategy and forecasts; these may include assumptions in areas such as macro-economic metrics, market dynamics, volume and margin growth in key products, segments and geographies; and
• e. execution capabilities: competent authorities may determine the investment firm’s execution capabilities based on the management’s track record in adhering to previous strategies and forecasts, and the complexity and ambition of the strategy set compared to the current business model.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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