Organisational chart

An application for authorisation shall include an organisational chart that describes the organisational structure of the applicant CSD. The chart shall include the following:

(a) the identity and tasks of the persons responsible for the following positions:

(i) senior management;

(ii) managers in charge of the operational functions referred to in Article 47(3);

(iii) managers in charge of the activities of any branches of the applicant CSD;

(iv) other significant roles in the operations of the applicant CSD;

(b) the number of staff members in each division and operational unit.

Article 10

Staffing policies and procedures

An application for authorisation shall include the following information on the applicant CSD's policies and procedures related to staff:

(a) a description of the remuneration policy including information about the fixed and variable elements of the remuneration of the senior management, the members of the management body and the staff employed in the risk-management, compliance and internal control, internal audit and technology functions of the applicant CSD;

(b) the measures put in place by the applicant CSD to mitigate the risk of over-reliance on the responsibilities entrusted to any individual person.

Article 11

Risk monitoring tools and governance arrangements

1. An application for authorisation shall include the following information on the governance arrangements and risk monitoring tools of the applicant CSD:

(a) a description of the governance arrangements of the applicant CSD established in accordance with paragraph 2 of Article 47;

(b) the policies, procedures and systems established in accordance with paragraph 1 of Article 47;

(c) a description of the composition, role and responsibilities of the members of the management body and senior management and the committees established in accordance with Article 48.

2. The information referred to in paragraph 1 shall include a description of the processes concerning the selection, appointment, performance evaluation and removal of senior management and members of the management body.

3. The applicant CSD shall describe its procedure to make its governance arrangements and the rules governing its activity available to the public.

4. Where the applicant CSD adheres to a recognised corporate governance code of conduct, the application shall identify any code, include a copy of that code and justify any situations where the applicant CSD deviates from the code.

Article 12

Compliance, internal control and internal audit functions

1. An application for authorisation shall include a description of the procedures for the applicant CSD's internal reporting of infringements referred to in Article 26(5) of Regulation (EU) No 909/2014.

2. An application for authorisation shall include information regarding an applicant CSD's internal audit policies and procedures referred to in Article 51, including:

(a) a description of the monitoring and evaluation tools for the adequacy and effectiveness of the applicant CSD's internal audit systems;

(b) a description of the control and safeguard tools for the applicant CSD's information processing systems;