Appendix 2 Additional corporate governance obligations on credit institutions which are deemed significant for the purposes of the Capital Requirements Directive
Additional corporate governance obligations on credit institutions which are deemed significant for the purposes of the Capital Requirements Directive [Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC.] ('CRD IV') [S.I. 158/2014]
The following additional corporate governance obligations apply to credit institutions which are deemed significant under Regulation 64(5) of S.I. 158/2014, hereafter referred to as 'significant institutions'. The numerical references relate to those used throughout the Requirements. Significant institutions shall substitute these requirements for those contained in the Requirements.
7. Composition of the Board
Significant institutions shall substitute the requirements contained in Regulations 79(4), 79(7), 79(8), and 79(9) of S.I.158/2014 for the requirements contained in section 7.8 and section 7.9 of Appendix 1 - Additional obligations on High Impact designated credit institutions and section 7.10 of the Requirements, in relation to the number of directorships permitted to be held.
23. Risk Committee