4. Guidelines

Title I - Application of the proportionality principle

Title II – Role and composition of the management body

1. Role and responsibilities of the management body

2. Management function of the management body

3. Supervisory function of the management body

Title III – Governance framework

4.1 Organisational framework

5. Organisational framework in a group context

6. Outsourcing

Title IV – Risk culture and business conduct

7. Risk culture

8. Corporate values and code of conduct

Title V – Internal control framework and mechanisms

9. Internal control framework

10. Implementing an internal control framework

11. Risk management framework

12. Operational risk management and operational resilience

12.1 New product, system and process approval

12.2 ICT risk management

12.3 Arrangements with third-party entities for operating the reserve of assets, for the investment of the reserve assets, the custody of the reserve assets, or the distribution of the asset-referenced tokens to the public

13. Internal control functions

13.1 Heads of the internal control functions

13.2 Independence of internal control functions

13.3 Resources of internal control functions

14. Risk management function

14.1 RMF’s role in risk strategy and decisions

14.2 RMF’s role in material changes

14.3 RMF’s role in identifying, measuring, assessing, managing, mitigating, monitoring and reporting on risks

14.4 RMF’s role in risk appetite and limits

14.5 Head of the risk management function

15. Compliance function

16. Internal audit function

Title VI – Business continuity management

Title VII – Transparency