{
  "url": "https://openlegislation.uk/eu-directive-2006-73/article-8",
  "json_url": "https://openlegislation.uk/eu-directive-2006-73/article-8.json",
  "legislation": "eudr/2006/73",
  "legislation_title": "Commission Directive 2006/73/EC of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2006-73",
  "path": "article/8",
  "kind": "article",
  "number": "8",
  "heading": "(second subparagraph of Article 13(5) of Directive 2004/39/EC)Internal audit",
  "text": "Member States shall require investment firms, where appropriate and proportionate in view of the nature, scale and complexity of their business and the nature and range of investment services and activities undertaken in the course of that business, to establish and maintain an internal audit function which is separate and independent from the other functions and activities of the investment firm and which has the following responsibilities:\n(a) to establish, implement and maintain an audit plan to examine and evaluate the adequacy and effectiveness of the investment firm's systems, internal control mechanisms and arrangements;\n(b) to issue recommendations based on the result of work carried out in accordance with point (a);\n(c) to verify compliance with those recommendations;\n(d) to report in relation to internal audit matters in accordance with Article 9(2).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2006/73/article/8",
    "retrieved_at": "2026-11-01T15:22:34.243623+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}