managerial responsibility

Definitions over time (1)

14/06/2021 – today applies on 11/11/2026 Article 1, Commission Delegated Regulation (EU) 2021/923 Scope: Whole act

For the purposes of this Regulation, the following definitions shall apply:

‘managerial responsibility’ means a situation, in which a staff member: heads a business unit or a control function and is directly accountable to the management body as a whole or to a member of the management body or to the senior management; heads one of the functions laid down in Article 5(a); heads a subordinated business unit, or a subordinated control function in a large institution as defined in Article 4(1), point (146), of Regulation (EU) No 575/2013 and reports to a staff member that has the responsibilities as referred to in point (a);