+391. In accordance with Article 39(2), point (b) of Directive (EU) 2019/2034, competent authorities …

391. In accordance with Article 39(2), point (b) of Directive (EU) 2019/2034, competent authorities …

In accordance with Article 39(2), point (b) of Directive (EU) 2019/2034, competent authorities may require the investment firm to:

  • a. involve the management body or its committees more actively in risk-to-client management;
  • b. improve the organisational framework to ensure effective providing of services to clients with sufficient (both qualitative and quantitative) human and technical resources (including front and back offices, information systems);
  • c. improve the control framework (effectiveness and independence of control functions) to mitigate its risks to clients;
  • d. enhance the quality and frequency of reporting on risk-to-client to the management body and senior management.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/