In order to assess compliance with the special requirements specified in this chapter, the National Bank may undertake on-site assessments of the financial market infrastructure or charge a third party with the performance of such assessments.1
The operator shall have the adequacy and effectiveness of its risk management reviewed regularly by a qualified internal or external body. The National Bank may set requirements regarding the scope and depth of the assessments.
The operator shall have the adequacy and effectiveness of the procedures and tools used for the management of operational risk reviewed annually by a qualified external body. The National Bank shall, in consultation with the operator, define the scope and depth of the assessments.
Footnotes
Amended by No I of the SNB O of 26 Nov. 2015, in force since 1 Jan. 2016 (AS 2015 5307). ↩
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