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🔗 Back to Summary. 🇫🇷 French Version: 2020R1230_FR.10. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 9 – Policies and procedures ⬅️ | ➡️ Article 11 – Staffing policies and procedures
Article 10 - Regulatory compliance
An application for registration as a securitisation repository shall contain the following regarding the applicant’s policies and procedures for ensuring compliance with Regulation (EU) 2017/2402:
(a)
a description of the roles of the persons responsible for compliance and of any other staff involved in the compliance assessments, including a description of how the independence of the compliance function from the rest of the business is ensured;
(b)
the internal policies and procedures designed to ensure that the applicant, including its managers and employees, complies with Regulation (EU) 2017/2402, including a description of the role of the board and senior management;
(c)
where available, the most recent internal report on compliance with Regulation (EU) 2017/2402 prepared by the persons responsible for such compliance or by any other staff involved in such compliance assessments within the applicant’s organisation.