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Article 5 - Assessment of operational risk affecting liquidity

Article 5
Assessment of operational risk affecting liquidity

Competent authorities shall assess the consequences of any of the following operational events on the investment firm’s liquidity:

((a))

the unavailability of the investment firm’s systems used to access the market or funding sources;

((b))

an interruption of services at custodians and cash correspondents;

((c))

external or internal frauds;

((d))

compensations and claims related to order execution errors.

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