+385. In accordance with Article 39(2), point (f) of Directive (EU) 2019/2034, competent authorities …
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385. In accordance with Article 39(2), point (f) of Directive (EU) 2019/2034, competent authorities …
In accordance with Article 39(2), point (f) of Directive (EU) 2019/2034, competent authorities may: - a. require investment firms to reduce the risk inherent in the products they originate/distribute, by means including:
| • | requiring changes to the risks inherent in certain product offerings; and/or | | • | requiring improvements to the governance and control arrangements for product development and maintenance; |
- b. require the investment firm to reduce the risk inherent in its systems, by means including:
| • | requiring improvements to the systems, or increasing the level of investment or speeding-up the implementation of new systems; and/or | | • | requiring improvements to the governance and control arrangements for system development and maintenance; |
- c. require investment firms to reduce the risk inherent in their activities, including outsourced activities, by means including:
| • | requiring changes to or reduction of certain activities with a view to reducing their inherent risk; and/or | | • | requiring improvements to governance and control arrangements and oversight of outsourced activities. |
Internal governance and investment firm-wide controls
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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