Part

Large Non-Solvency II Firms – Allocation of Responsibilities

Chapter

Identification of Key Functions

Printed on: 29/04/2024

Rulebook at: 10/12/2018

4

Identification of Key Functions

4.1

A firm must identify:

  1. (1) each of the functions that the firm considers to be a key function; and
  2. (2) any such key function that amounts to effectively running the firm.
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4.2

A firm must keep its identification of key functions pursuant to 4.1 up-to-date.

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4.3

A firm must keep a record of its reasoning for the identification of key functions pursuant to 4.1.

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