1. The key components of the governance arrangements of the CCP that define its organisational structure as well as clearly specified and well-documented policies, procedures and processes by which its board and senior management operate shall include the following:

(a) the composition, role and responsibilities of the board and any board committees;

(b) the roles and responsibilities of the management;

(c) the senior management structure;

(d) the reporting lines between the senior management and the board;

(e) the procedures for the appointment of board members and senior management;

(f) the design of the risk management, compliance and internal control functions;

(g) the processes for ensuring accountability to stakeholders.

2. A CCP shall have adequate staff to meet all obligations arising from this Regulation and from Regulation (EU) No 648/2012. A CCP shall not share its staff with other group entities, unless under the terms of an outsourcing arrangement in accordance with Article 35 of Regulation (EU) No 648/2012.