Examples of using Its supervisory function in English and their translations into Greek
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Parliament can, though, only take responsibility and perform its supervisory function if information is available in good time.
(f) the management body in its supervisory function adopts and periodically reviews the remuneration policy and has the overall responsibility for overseeing its implementation;
This requirement shall not lead to ban members of affiliated companies oraffiliated entities from the management body in its supervisory function.”.
Management body in its supervisory function" means the management body acting in its supervisory function of overseeing and monitoring management decision-making;
In view of the changes in the supervisory framework that are being promotedat an international level, the Bank of Greece will exercise its supervisory function even more actively.
This means that, in order to fulfil its supervisory function, the EPPO's Central Office needs sufficient staff and resources, including national legal experts54.
(b) Where close links exist between the investment company and other natural or legal persons,the Bank shall grant authorisation only if those close links do not prevent the effective exercise of its supervisory functions.
(23) The independent supervisory authority should exercise its supervisory functions in accordance with the Treaty and in compliance with human rights and fundamental freedoms.
To establish that the remuneration of the senior officers in the risk management and compliance functions is directly overseen by the remuneration committee or, if such a committee has not been established,by the management body in its supervisory function;
The management body in its supervisory function and, where one has been established, the risk committee must determine the nature, the amount, the format, and the frequency of the information on risk which it is to receive.
The head of the risk management function shall not be removed without prior approval of the management body in its supervisory function and shall be able to have direct access to the management body in its supervisory function when necessary.
(d) the implementation of the remuneration policy is, at least annually, subject to central and independent internal review for compliance with policies andprocedures for remuneration adopted by the management body in its supervisory function;
This comprehensive assessment was requested from the ECB in its supervisory function following a Memorandum of Understanding signed on 19 August 2015 by the European Stability Mechanism, the Hellenic Republic and the Bank of Greece.
(f) the remuneration of the senior officers in the risk management and compliance functions of the institution is directly overseen by the remuneration committee referred to in Regulation 83 or, if such a committee has not been established,by the management body in its supervisory function;
(e) the chairman of the management body, in its supervisory function of an institution, shall not exercise simultaneously the functions of a chief executive officer within the same institution, unless justified by the institution and authorised by the Bank.
The remuneration committee shall be responsible for the preparation of decisions regarding remuneration, including those which have implications for the risk and risk management of the AIFM or the AIF concerned andwhich are to be taken by the management body in its supervisory function.
Member States shall ensure that the management body in its supervisory function and, where one has been established, the risk committee of that management body, has access to information on the risks to which the firm is or may be exposed.
The fact that the Supervisory Board does not exercise control over the supervisory budget or human resources is in the ECB's view compatible with the principle of separation anddoes not jeopardise the independence of the ECB's monetary policy and its supervisory function.
Member States shall ensure that the management body in its supervisory function and the risk committee of that management body, where a risk committee has been established, have access to information on the risks to which the investment firm is or may be exposed.
However, competent authorities may require AIFMs to ensure that any or all of those records are retained for a longer period, taking into account the nature of the asset or portfolio transaction,where it is necessary to enable the authority to exercise its supervisory functions under Directive 2011/61/EU.
The legislation provides various means by which the Commission can exercise its supervisory functions: Member States should inform the Commis- sion of their management and control measures; paying agencies must be ac- credited and national‘certifying bod- ies' report annually on issues including the operation of control systems.
Without prejudice to point(a) of paragraph 2,Member States ensure that the internal cover pool monitor cannot be removed from that function as cover pool monitor without the prior approval of the management body in its supervisory function of the credit institution issuing the covered bonds; and.
Paragraph V The ECB provided theECA with documents and information to allow it to assess the operational efficiency of the management of the ECB in establishing crisis management procedures for its supervisory function, in line with the ECA's mandate as defined in Article 27.2 of the Protocol of the Statute of the ESCB and of the ECB(hereafter“Statute of the ESCB”) and Article 20(7) of the SSM Regulation.
However, the Financial Supervisory Authority may, in exceptional circumstances, require financial undertakings to retain any or all of those records for such longer period as is justified by the nature of the instrument or transaction,if that is necessary to enable the Authority to exercise its supervisory functions under the Act on securities transactions.
The ECB provided theECA with documents and information to allow it to assess the operational efficiency of the management of the ECB in establishing crisis management procedures for its supervisory function, in line with the ECA's mandate as defined in Article 27.2 of the Statute of the ESCB and Article 20(7) of the SSM Regulation.
The competent authority shall refuse authorisation if the laws, regulations or administrative provisions of a third country governing one or more natural or legal persons with which the undertaking has close links, or difficulties involved in their enforcement,prevent the effective exercise of its supervisory functions.
Lastly, the first sentence of Article 7(4) of the draft agreement sets out the principle that the exercise of the right to vote by the EU andits Member States is not to prejudice the effective exercise by the Committee of Ministers of its supervisory functions under Articles 39 and 46 of the ECHR(execution of friendly settlements and of the judgments of the ECtHR).
The remuneration committee that is, where appropriate, set up in accordance with the ESMA guidelines referred to in Article 14a(4) shall be responsible for the preparation of decisions regarding remuneration, including those which have implications for the risk and risk management of the management company or the UCITS concerned andwhich are to be taken by the management body in its supervisory function.