Art. 8

(Art. 8 para. 2 FinMIA)

1. The financial market infrastructure must have an organisational structure and an organisational basis that set out the tasks, responsibilities, powers and accountability of the following bodies:
   1. body for business management;
   2. body for governance, supervision and control;
   3. internal audit function.
2. The body for governance, supervision and control must comprise at least three members. These may not belong to the bodies described in paragraph 1 letters a and c.
3. The body for governance, supervision and control shall set out the basic risk management principles and determine the risk tolerance of the financial market infrastructure. This body shall have its work evaluated regularly.
4. The financial market infrastructure shall define, implement and maintain a compensation policy that promotes sound and effective risk management and does not create incentives to relax risk standards.
5. It must have mechanisms in place that allow it to establish the needs of participants with regard to the services provided by the financial market infrastructure.