independent review

Defined in Article 1, Decision (EU) 2019/1349 of the ECB

Definitions over time (1)

1. 25/05/2021 – today applies on 10/11/2026 Article 1, Decision (EU) 2019/1349 of the ECB Scope: Whole act

   ‘independent review’ means an evaluation of the operation of a SIPS the purpose of which is to provide: insight into any risks and vulnerabilities; assurance on the progress made by a SIPS operator to mitigate any risks and vulnerabilities; and validation of the effectiveness of a SIPS operator's policies, procedures and controls to mitigate any risks and vulnerabilities;

Used in (32 places in 9 provisions on 10/11/2026)

Decision (EU) 2019/1349 of the ECB (32 in 9)

Recital 7 · Recital 12 · Article 1 · Article 2⁴ · Article 4¹⁴ · Article 6⁶ · Article 9² · Article 10 · Article 12²