367. Competent authorities should exercise their supervisory powers on the basis of deficiencies …

Competent authorities should exercise their supervisory powers on the basis of deficiencies identified during the assessments of the individual SREP elements and taking into account the overall SREP assessment, including the score, considering the following:

• a. the materiality of the deficiencies/vulnerabilities and the potential prudential impact of not addressing the issue (i.e. whether it is necessary to address the issue with a specific measure);
• b. whether the measures are consistent with/proportionate to their overall assessment of a particular SREP element (and the overall SREP assessment);
• c. whether supervisory or other administrative measures are needed to address prudential deficiencies/vulnerabilities related to ML/TF risks within their supervisory remit after having liaised with the relevant AML/CFT supervisors;
• d. whether the deficiencies/vulnerabilities have already been addressed/covered by other measures;
• e. whether other measures would achieve the same objective with less of an administrative and financial impact on the investment firm;
• f. the optimal level and duration of application of the measure to achieve the supervisory objective; and
• g. the possibility that risks and vulnerabilities identified may be correlated or self-reinforcing, or both, meriting an increase in the rigorousness of supervisory measures.

1. Ülevaade

1.1 Viited

1.2 Tuvastatud nõuded

1.3 Seotud standardid

2. Tuvastatud nõuded

3. Seotud standardid

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