Examples of Independent Body in a sentence
Both the structure of the Independent Body and the level of segregation of the market surveillance team should also take into account potential conflicts arising from the PPAT’s control structure and the types of activities carried out by the PPAT.
The MMU is only accountable towards an Independent Body, not involved in the daily management of the PPAT (e.g. Exchange Council, Supervisory Board) that is responsible for the supervision of the effective execution of the unit activities.
In this case the governance structure should include clear rules on the nomination of the members of the Independent Body, as well as on its duties, to adequately mitigate the individual potential conflicts of interest.
The composition and the duties of the Independent Body are of utmost importance in this model to ensure that the mitigation of these risks is effective and that the confidentiality of the market surveillance activities is secured.
Yes No If yes, please describe below: Name or Type of Offense: Name and Independent Body: Year Convicted: Penalty or Punishment Imposed: Further Explanation: For more than one conviction please attach additional page(s) as necessary.