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Guide to supervisory activities

The supervision of intermediaries subject to the full range of checks on operations (banks and banking groups, securities firms and groups headed by a securities firm, asset management companies and SICAVs, financial intermediaries referred to in Article 107 of the Consolidated Law on Banking, electronic money institutions and payment institutions) is carried out using methodologies established in conformity with European law in the Guide to supervisory activities.

The Guide:

• outlines the Supervisory Review and Evaluation Process (SREP) on the basis of an operational model that is the same for all supervisory staff, which ensures consistent behaviour;
• governs all the controls on intermediaries except for those involved in their establishment and for special procedures;
• ensures that the verification of sound and prudent management and of compliance with the law is performed effectively and efficiently, in conformity with the principle of transparency.

It is divided into three parts:

First part: Principles, objectives, general methodology
Second part: Procedures for controlling at a distance
Third part: Procedures for inspections