Commission Delegated Regulation (EU) 2018/1640Show full title

Commission Delegated Regulation (EU) 2018/1640 of 13 July 2018 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council with regard to regulatory technical standards specifying further the governance and control requirements for supervised contributors (Text with EEA relevance)

Article 7U.K.Expert judgement

The policies that a supervised contributor is required to establish pursuant to Article 16(3) of Regulation (EU) 2016/1011 where the input data relies on expert judgement shall include at least the following elements:

(a)

a framework for ensuring consistency between different submitters, and consistency over time, in relation to the use of judgement or the exercise of discretion;

(b)

identification of the types of information that can, or cannot, be taken into account in the use of judgement or the exercise of discretion;

(c)

procedures for the review of any use of judgement or exercise of discretion.