7

Governance

7.1

A firm must ensure that its management body approves the important business services and important group business services identified by the firm in compliance with 2.1 and, where Group Supervision 22.2 applies, Group Supervision 22.3.

7.2

A firm must ensure that its management body approves the impact tolerances set by the firm in compliance with 2.2 and, where Group Supervision 22.2 applies, Group Supervision 22.3.

7.3

A firm must ensure that its management body approves and regularly reviews the self-assessment required by 6.1.