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In this act Article 2 of 32

Article 2 — Information on the organisation (Article 27d(1) of Regulation (EU) No 600/2014)

Financial servicesLevel 2RTSMiFIRIn forceOfficial source

2(1)

1.The programme of operations referred to in Article 27d(1) of Regulation (EU) No 600/2014 shall include the following:

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2(1)(a)
(a)information on the organisational structure of the applicant, including an organisational chart and a description of the human, technical, and legal resources allocated to its business activities;
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2(1)(b)
(b)information on the operational separation policies and procedures to ensure segregation between the APA or ARM and any other activity performed by the applicant;
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2(1)(c)
(c)information on the compliance policies and procedures of the applicant seeking authorisation to operate an APA or an ARM, including:
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2(1)(c)(i)
(i)the name of the person or persons responsible for the approval and maintenance of those policies;
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2(1)(c)(ii)
(ii)the arrangements to monitor and enforce the compliance policies and procedures;
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2(1)(c)(iii)
(iii)the measures to be undertaken in the event of a breach which may result in a failure to meet the conditions for initial authorisation;
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2(1)(c)(iv)
(iv)a description of the procedure for reporting to ESMA or, where relevant, the national competent authority any breach which may result in a failure to meet the conditions for initial authorisation;
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2(1)(d)
(d)a list of all outsourced functions and resources allocated to the control of the outsourced functions.
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2(2)

2.An applicant seeking authorisation to operate an APA or an ARM pursuant to Article 27d of Regulation (EU) No 600/2014 offering services other than data reporting services shall describe those services in the organisational chart provided under paragraph 1, point (a).

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