+5.11 Sommarju tas - sejbiet u għoti ta’ punteġġ
---+144. Wara l - valutazzjonijiet ta’ hawn fuq, l - awtoritajiet kompetenti għandhom jiffurmaw …
---+Score Supervisory view Considerations

5.11 Sommarju tas - sejbiet u għoti ta’ punteġġ

1. Ħarsa ġenerali

144. Wara l - valutazzjonijiet ta’ hawn fuq, l - awtoritajiet kompetenti għandhom jiffurmaw …

Wara l - valutazzjonijiet ta’ hawn fuq, l - awtoritajiet kompetenti għandhom jiffurmaw opinjoni dwar l- adegwatezza tal - arranġamenti ta’ governanza interna tad - ditta tal - investiment u l - kontrolli fid - ditta tal - investiment kollha. Din l - opinjoni għandha tkun riflessa fis - sommarju tas - sejbiet, akkumpanjata minn punteġġ ta’ vijabbiltà bbażat fuq il - kunsiderazzjonijiet speċifikati fit - Tabella 4.

Tabella 4. Kunsiderazzjonijiet superviżorji għall - assenjament ta’ punteġġ għall - governanza interna u l - kontrolli fid - ditta tal - investiment kollha

Perspettiva

Punteġġ superviżorja	Kunsiderazzjonijiet • •	Id- ditta tal - investiment għandha struttura organizzattiva robusta u trasparenti b’responsabbiltajiet ċari u separazzjoni tat - teħid tar - riskji mill - funzjonijiet tal - ġestjoni u l - kontrolli tar - riskj i. Hemm kultura korporattiva, ġestjoni tal - kunflitti ta’ interessi u proċessi ta’ żvelar ta’ informazzjoni sodi.
In- nuqqasijiet fl - arranġamenti tal - governanza interna u tal - kontroll fid - ditta 1 tal - investiment kollha joħolqu livell baxx ta’ riskju vijabbiltà għall tad - -	• • • • •	Il- kompożizzjoni u l - funzjonament tal - korp maniġerjali huma xierqa. Il- politika ta’ remunerazzjoni hija konformi mal - istrateġija tar riskju u l - interessi fit - tul tad - ditta tal - investiment. Il- qafas tal - ġestjoni tar - riskju u l - proċessi tal - ġestjoni tar riskju huma xierqa. Il- qafas ta’ kontroll intern u l - kontrolli interni huma xierqa. Il- funzjonijiet ta’ ġestjoni tar - riskju, ta’ verifika tal - konformità	--
ditta tal - investiment.	• • •	u ta’ awditu interni huma indipendenti u għandhom biżżejjed riżorsi u l - funzjoni tal - awditu intern topera b’mod effettiv f’konformità mal - istandards u r - rekwiżiti internazzjonali stabbiliti. It - teknoloġiji tal - informazzjoni u tal - komunikazzjoni huma xierqa. L- arranġamenti tal - ippjanar għall - kontinwità u l - kontinġenza tal - operat huma xierqa. Id- ditta tal - investiment għandha struttura organizzattiva prinċipalment robusta u trasparenti b’responsabbiltajiet ċari u separazzjoni tat - teħid tar - riskji mill - funzjonijiet tal - ġestjoni
In- nuqqasijiet fl - arranġamenti tal - governanza interna u tal - kontroll fid - ditta tal - investiment 2 kollha joħolqu	• •	u l - kontrolli tar - riskji. Hemm kultura korporattiva, ġestjoni tal - kunflitti ta’ interessi u proċessi ta’ żvelar ta’ informazzjoni protetta prinċipalment sodi. Il- kompożizzjoni u l - funzjonament tal - korp maniġerjali huma prinċipalment xierqa.
livell medju baxx ta’ riskju għall - vijabbiltà tad - ditta tal - investiment.	• • • • • • • •	Il- politika ta’ remunerazzjoni hija prinċipalment konformi mal- istrateġija tar - riskju u l - interessi fit - tul tad - ditta tal investiment. Il- qafas tal - ġestjoni tar - riskju u l - proċessi tal - ġestjoni tar riskju huma prinċipalment xierqa. Il- qafas ta’ kontroll intern u l - kontrolli interni huma prinċipalment xierqa. Il- funzjonijiet ta’ ġestjoni tar - riskji, ta’ verifika tal - konformità u ta’ awditu interni huma indipendenti u l - operazzjonijiet tagħhom huma prinċipalment effettivi. It - teknoloġiji tal - informazzjoni u tal - komunikazzjoni huma prinċipalment xierqa. L- arranġamenti tal - ippjanar għall - kontinwità u l - kontinġenza tal - operat huma prinċipalment xierqa. L- istruttura organizzattiva u r - responsabbiltajiet tad - ditta tal investiment mhumiex kompletament trasparenti u t - teħid tar - riskji mhuwiex kompletament separat mill - funzjonijiet tal ġestjoni u l- kontroll tar - riskji. Hemm dubji dwar l - adegwatezza tal - kultura korporattiva, il ġestjoni tal - kunflitti ta’ interess u/jew il - proċessi ta’ żvelar ta’	--46 - - -
In- nuqqasijiet fl - arranġamenti tal - governanza interna u tal - kontroll fid - ditta tal - investiment 3 kollha joħolqu livell medju għoli ta’ riskju għall - vijabbiltà tad - ditta tal - investiment.	• • • • • • • •	informazzjoni protetta. Hemm dubji dwar l - adegwatezza tal - kompożizzjoni u funzjonament tal - korp maniġer jali. Hemm tħassib li l - politika ta’ remunerazzjoni tista’ tmur kontra l - istrateġija tar - riskju u l - interessi fit - tul tad - ditta tal investiment. Hemm dubji dwar l - adegwatezza tal - qafas tal - ġestjoni tar riskju u tal - proċessi tal - ġestjoni tar - riskju. Hemm du bji dwar l- adegwatezza tal - qafas ta’ kontroll intern u l - kontrolli interni. Hemm dubji dwar l - indipendenza u l - operazzjoni effettiva tal funzjonijiet ta’ ġestjoni tar - riskji, ta’ verifika tal - konformità ta’ awditu interni. Hemm dubji dwar l - adegwatezza tat - teknoloġiji tal informazzjoni u tal - komunikazzjoni. Hemm dubji dwar l - adegwatezza tal - arranġamenti għall ippjanar għall - kontinwità u l - kontinġenza tal - operat. L- istruttura organizzattiva u r - responsabbiltajiet tad - ditta tal	l - - - - u - - -
In- nuqqasijiet fl - arranġamenti tal - governanza interna u tal - kontroll fid - ditta tal - investiment 4 kollha joħolqu	• •	investiment mhumiex trasparenti u t - teħid tar - riskji mhuwiex separat mill - funzjonijiet tal - ġestjoni u l - kontroll tar - riskji. Il- kultura korporattiva, il - ġestjoni tal - kunflitti ta’ interess u/jew il - proċessi ta’ żvelar ta’ informazzjoni protetta mhumiex xierqa. Il- kompożizzjoni u l - funzjonament tal - korp maniġerjali
livell għoli ta’ riskju għall - vijabbiltà tad - ditta investiment. tal -	• • • • • •	mhumiex xierqa. Il- politika ta’ remunerazzjoni tmur kontra l - istrateġija tar riskju u l - interessi fit - tul tad - ditta tal - investiment. Il- qafas tal - ġestjoni tar - riskju u l - proċessi tal - ġestjoni tar riskju mhumiex xierqa. Il- funzjoni tal - ġestjoni tar - riskju, tal - verifika tal - konformità u/jew tal - awditu interni mhijiex indipendenti u/jew il funzjonijiet tal - awditu intern mhumiex qed joperaw f’konformità mal - istandards u r - rekwiżiti internazzjonali stabbiliti; l - operazzjonijiet mhumiex effettivi. Il- qafas ta’ kontroll intern u l - kontrolli interni mhumiex xierqa. It - teknoloġiji tal - informazzjoni u tal - komunikazzjoni mhumiex xierqa. L- arranġamenti tal - ippjanar għall - kontinwità u l - kontinġenza tal - operat mhumiex xierqa.	--47 -

Score Supervisory view Considerations

Deficiencies in internal governance and investment firm-1 wide arrangements control	• • • • •	The investment firm has a robust and transparent organisational structure with clear responsibilities and separation of risk taking from risk management and control functions. There is a sound corporate culture, management of conflicts of interest and whistleblowing processes. The composition and functioning of the management body are appropriate. The remuneration policy is in line with the investment firm’s risk strategy and long-term interests. The risk management framework and risk management
pose a low level of risk to the viability of the investment firm.	• • • • • •	processes are appropriate. The internal control framework and internal controls are appropriate. The internal risk management, compliance and audit functions are independent and have sufficient resources and the internal audit function operates effectively in accordance with established international standards and requirements. Information and communication technologies are appropriate. The business continuity and contingency planning arrangements are appropriate. The investment firm has a largely robust and transparent organisational structure with clear responsibilities and separation of risk taking from risk management and control functions. There is a largely sound corporate culture, management of
Deficiencies in internal governance and investment firm-wide control arrangements 2 pose a medium-	• • •	conflicts of interest and whistleblowing processes. The composition and functioning of the management body are largely appropriate. The remuneration policy is largely in line with the investment firm’s risk strategy and long-term interests. The risk management framework and risk management
low level of risk to the viability of the investment firm.	• • • • • •	processes are largely appropriate. The internal control framework and internal controls are largely appropriate. The internal risk management, compliance and audit functions are independent and their operations are largely effective. Information and communication technologies are largely appropriate. The business continuity and contingency planning arrangements are largely appropriate. The investment firm’s organisational structure and responsibilities are not fully transparent and risk taking is not fully separated from risk management and control functions. There are doubts about the appropriateness of the corporate culture, management of conflicts of interest and/or whistleblowing processes.
Deficiencies in internal governance and investment firm-wide control 3 arrangements pose a medium-	• • •	There are doubts about the appropriateness of the composition and functioning of the management body. There are concerns that the remuneration policy may conflict with the investment firm’s risk strategy and long-term interests. There management are doubts framework about and the risk appropriateness management processes. of the risk
high level of risk to the viability of the investment firm.	• • • • • •	There are doubts about the appropriateness of the internal control framework and internal controls. There are doubts about the independence and effective operation of the internal risk management, compliance and audit functions. There are doubts about the appropriateness of information and communication technologies. There are doubts about the appropriateness of the arrangements for business continuity and contingency planning. The investment firm’s organisational structure and responsibilities are not transparent and risk-taking is not separated from risk management and control functions. The corporate culture, management of conflicts of interest and/ or whistleblowing processes are inappropriate.
Deficiencies in internal governance and investment firm-wide control 4 arrangements pose a high level of risk to the viability of the investment firm.	• • • • • • •	The composition and functioning of the management body are inappropriate. The remuneration policy conflicts with the investment firm’s risk strategy and long-term interests. The risk management framework and the risk management processes are inappropriate. The internal risk management, compliance and/or audit function is not independent and/or the internal audit functions are not operating in accordance with established international standards and requirements; operations are not effective. The internal control framework and internal controls are inappropriate. The information and communication technologies are inappropriate. The business continuity and contingency planning arrangements are inappropriate.

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti
Sors	Rekwiżit

3. Standards relatati

Standards
Sors	Rekwiżit

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