Part

General Organisational Requirements

Chapter

Persons Who Effectively Direct the Business

Printed on: 06/11/2024

Rulebook at: 07/03/2016

3

Persons Who Effectively Direct the Business

3.1

The senior personnel of a firm must be of sufficiently good repute and sufficiently experienced as to ensure the sound and prudent management of the firm.

[Note: Art. 9(1) of MiFID, Art. 13(1) of the CRD]

  • 02/04/2015

3.2

A firm must ensure that its management is undertaken by at least two persons meeting the requirements laid down in 3.1.

[Note: Art. 9(4) first paragraph of MiFID and Art. 13(1) of the CRD]

  • 02/04/2015