Commission Delegated Regulation (EU) 2017/392Show full title

Commission Delegated Regulation (EU) 2017/392 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on authorisation, supervisory and operational requirements for central securities depositories (Text with EEA relevance)

Article 72U.K.Operational risk-management function

As part of the risk-management function, the operational risk-management function of a CSD shall manage the CSD's operational risk. It shall in particular:

(a)

develop strategies, policies and procedures to identify, measure, monitor and report on operational risks;

(b)

develop procedures to control and manage operational risks, including by introducing any necessary adjustments in the operational risk-management system;

(c)

ensure that the strategies, policies and procedures referred to in points (a) and (b) are properly implemented.