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Article 7 - Article 113(7)(d) of Regulation (EU) No 575/2013: IPS own risk review

Article 7
Article 113(7)(d) of Regulation (EU) No 575/2013: IPS own risk review

When assessing whether the IPS conducts its own risk review, which is communicated to the individual members in accordance with Article 113(7)(d) of Regulation (EU) No 575/2013, the NCAs shall take into account whether:

((a))

the IPS assesses at regular intervals the risks and vulnerabilities of the sector to which its members belong;

((b))

the results of the risk review are summarised in a report or other document and are distributed to the relevant decision-making bodies of the IPS and/or the members shortly after they have been finalised;

((c))

members are informed of their risk classification by the IPS as required by Article 113(7)(c).

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