Regulatory Alerts2017-09-06
Implementation of EBA Guidelines on governance and oversight of retail banking products (EBA/GL/2015/18)
The Prudential Control and Resolution Authority (ACPR) has declared its compliance with the European Banking Authority's guidelines on the governance and oversight of retail banking products. These guidelines apply to credit institutions, payment institutions, and electronic money institutions subject to ACPR supervision. These entities must ensure their own compliance and verify that their distributors also adhere to the specified requirements.
NOTICE Implementation of the European Banking Authority's guidelines on the governance and oversight of retail banking products (EBA/GL/2015/18) The Prudential Control and Resolution Authority (ACPR) has declared itself compliant with the European Banking Authority's guidelines (EBA/GL/2015/18) on the governance and oversight of retail banking products, which are annexed to this notice. These guidelines apply to credit institutions, payment institutions, and electronic money institutions subject to the supervision of the ACPR, which must do everything in their power to comply with them and, in application of paragraph 14 of the guidelines, to ensure that their distributors comply with them, in accordance with the provisions of Article 16 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority).