On 6 June 2014, secondary legislation under the Capital Requirements Directive setting out RTS on the qualitative and quantitative criteria to identify staff whose professional activities have a material impact on an institution's risk profile was published in the Official Journal of the European Union. Any staff member of an institution which meets any of the qualitative or the quantitative criteria must be identified as having a material impact on an institution's risk profile. The RTS comes into effect on 26 June 2014.
The legislation is available at:
http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2014_167_R_0
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
