supplementing Regulation (EU) 2023/2631 of the European Parliament and of the Council with regard to regulatory technical standards specifying the conditions for the registration of external reviewers, the criteria for assessing the sound and prudent management of external reviewers, the appropriateness of the knowledge, experience and training of the external reviewers’ employees, and the conditions under which external reviewers can outsource their assessment activities
COMCMT1R-EP1R-C2R-EPCNCADO
Updated 26d ago
This regulation sets out detailed rules for external reviewers who assess financial market participants. It ensures these reviewers are qualified and manage their operations soundly, contributing to market integrity.
It specifies requirements for reviewer registration, management criteria, staff expertise, and conditions for outsourcing assessment activities, affecting financial institutions and investors.