5
General
5.1
The systems, internal control mechanisms and arrangements established by a firm in accordance with this Part must take into account the nature, scale and complexity of its business and the nature and range of financial services and activities undertaken in the course of that business.
[Note: Art. 5(1) final paragraph of the MiFID implementing Directive]
- 02/04/2015
5.2
A firm must monitor and, on a regular basis, evaluate the adequacy and effectiveness of its systems, internal control mechanisms and arrangements established in accordance with this Part, and take appropriate measures to address any deficiencies.
[Note: Art. 5(5) of the MiFID implementing Directive]
- 02/04/2015