ARTICLE
18 June 2014

Criteria For Identifying Staff Having A Material Impact On A Firm’s Risk Profile Published

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
The RTS comes into effect on 26 June 2014.
European Union Finance and Banking

On 6 June 2014, secondary legislation under the Capital Requirements Directive setting out RTS on the qualitative and quantitative criteria to identify staff whose professional activities have a material impact on an institution's risk profile was published in the Official Journal of the European Union. Any staff member of an institution which meets any of the qualitative or the quantitative criteria must be identified as having a material impact on an institution's risk profile. The RTS comes into effect on 26 June 2014.

The legislation is available at:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2014_167_R_0

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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