1.Any policies and procedures established to comply with requirements of Regulation (EU) 2016/1011 and described in an application shall contain or be accompanied by:
(a)
an indication of the identity of the person or persons responsible for the approval and maintenance of the policies and procedures;
(b)
a description of how compliance with the policies and procedures is monitored and the identity of the person or persons responsible for this monitoring;
(c)
a description of the measures to be taken in the event of a breach of the policies and procedures.
2.Where an applicant is a company within a group, it may comply with paragraph 1 by submitting the policies and procedures of its group where they relate to the provision of benchmarks.