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)Copy link
1.The programme of operations referred to in Article 27d(1) of Regulation (EU) No 600/2014 shall include the following:
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;
Copy link2(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;
Copy link2(1)(c)
(c)information on the compliance policies and procedures of the applicant seeking authorisation to operate an APA or an ARM, including:
Copy link2(1)(c)(i)
(i)the name of the person or persons responsible for the approval and maintenance of those policies;
Copy link2(1)(c)(ii)
(ii)the arrangements to monitor and enforce the compliance policies and procedures;
Copy link2(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;
Copy link2(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;
Copy link