Part

General Organisational Requirements

Chapter

Persons Who Effectively Direct the Business

Printed on: 29/04/2024

Rulebook at: 29/06/2018

3

Persons Who Effectively Direct the Business

3.1

The senior personnel of a firm must be of sufficiently good repute and sufficiently experienced as to ensure the sound and prudent management of the firm.

[Note: Art. 9(4) of MiFID II, Art. 91(1) of the CRD]

  • 03/01/2018

3.2

A firm must ensure that its management is undertaken by at least two persons meeting the requirements laid down in 3.1.

[Note: Art. 9(6) first paragraph of MiFID II and Art. 13(1) of the CRD]

  • 03/01/2018