Activity
Provide actionable information
Information & communication ICS ERM
Description
Comment
"Information is needed at all levels of an organization to identify, assess and respond to risks,
and to otherwise run the entity and achieve its objectives. An array of information is used,
relevant to one or more objectives categories. Financial information, for instance, is used not
only in developing financial statements for external dissemination, but also for operating
decisions, such as monitoring performance and allocating resources. Reliable financial
information is fundamental to planning, budgeting, pricing, evaluating vendor performance,
assessing joint ventures and alliances, and a range of other management activities."
COSO
Organisation
Responsible
Input/Output
Requirements
Requirements (MIFID)
Article 5 General organisational requirements
Article 39 Retail client agreement
Article 45 Duty of investment firms carrying out portfolio management and reception and transmission of orders to act in the best interests of the client
Article 29 Pre-trade transparency requirements for MTFs
Article 18 Conflicts of interest
Article 27 Conditions with which information must comply in order to be fair, clear and not misleading
Article 7 Risk management
Article 12 Reporting channels
Article 40 Reporting obligations in respect of execution of orders other than for portfolio management
Article 31 Information about financial instruments
Article 8 Internal audit
Article 6 Scope of authorisation
Article 15 Service providers located in third countries
Article 43 Statements of client financial instruments or client funds
Article 30 Post-trade transparency requirements for MTFs
Article 16 Safeguarding of client financial instruments and funds
Article 49 Aggregation and allocation of transactions for own account
Article 27 Obligation for investment firms to make public firm quotes
Article 24 Quotes reflecting prevailing market conditions
Article 28 Post-trade disclosure by investment firms
Article 20 Provision of services through the medium of another investment
Article 8 Record-keeping of transactions
Article 25 Additional organisational requirements where a firm produces and disseminates investment research
Article 9 Persons who effectively direct the business
Article 29 General requirements for information to clients
Article 33 Information about costs and associated charges
Article 28 Deferred publication of large transactions
Article 46 Execution policy
Article 23 Record of services or activities giving rise to detrimental conflict of interest
Article 22 Conflicts of interest policy
Article 14 Trading process and finalisation of transactions in an MTF
Article 44 Best execution criteria
Article 7 Record-keeping of client orders and decisions to deal
Article 25 Obligation to uphold integrity of markets, report transactions and maintain records
Article 13 Organisational requirements
Article 18 Depositing client funds
Article 31 Disclosure of client limit orders
Article 26 Inducements
Article 17 Depositing client financial instruments
Article 16 Regular review of conditions for initial authorisation
Article 14 Conditions for outsourcing critical or important operational functions or investment services or activities
Article 32 Information requirements concerning safeguarding of client financial instruments or client funds
Article 12 Personal transactions
Article 22 Client order handling rules
Article 35 Assessment of suitability
Article 23 Obligations of investment firms when appointing tied agents
Article 32 Arrangements for making information public
Article 51 Retention of records
Article 10 Shareholders and members with qualifying holdings
Article 20 Reports by external auditors
Article 48 Aggregation and allocation of orders
Article 42 Additional reporting obligations for portfolio management or contingent liability transactions
Article 6 Compliance
Article 29 Publication and availability of pre- and post-trade transparency data
Article 26 Monitoring of compliance with the rules of the MTF and with other
Article 41 Reporting obligations in respect of portfolio management
Article 19 Use of client financial instruments
Article 10 Complaints handling
Article 9 Responsibility of senior management
Article 36 Assessment of appropriateness
Article 52 Investment advice
Article 47 General principles
Article 27 Post-trade transparency obligation
Article 30 Information about the investment firm and its services for retail clients and potential retail clients
Article 3 Conditions applying to the provision of information
Article 19 Conduct of business obligations when providing investment services
Article 7 Procedures for granting and refusing requests for authorisation
Article 37 Provisions common to the assessment of suitability or appropriateness
Article 21 Conflicts of interest potentially detrimental to a client
Article 17 Pre-trade transparency obligations
Article 21 Obligation to execute orders on terms most favourable to the client