Competent authorities shall assess that an institution's audit and internal validation governance is of a high quality by confirming at least the following:
(a)
that audit programs for reviewing the AMA framework cover all significant activities that could expose the institution to material operational risk, including outsourced activities;
(b)
that the internal validation techniques are proportionate to changing market and operating conditions, and that their outcomes are subject to audit review.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04
CitationArticle 17 of Commission Delegated Regulation (EU) 2018/959 (LawPlayer, data as of 2026-07-04)
