116. Competent authorities should assess whether the investment firm has an effective and permanent …

Competent authorities should assess whether the investment firm has an effective and permanent internal compliance function and, where appropriate and proportionate, a risk management function and internal audit function, with sufficient authority, stature, resources and, where necessary, direct access to the management body in its supervisory function and its committees, where established, including in particular the risk committee.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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