{
  "url": "https://openlegislation.uk/eu-regulation-2014-529/annex-II/part-II/section-2/division-2",
  "json_url": "https://openlegislation.uk/eu-regulation-2014-529/annex-II/part-II/section-2/division-2.json",
  "legislation": "eur/2014/529",
  "legislation_title": "Commission Delegated Regulation (EU) No 529/2014 of 12 March 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for assessing the materiality of extensions and changes of the Internal Ratings Based Approach and the Advanced Measurement Approach (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2014-529",
  "path": "annex/II/part/II/section/2/division/2",
  "kind": "division",
  "number": "2",
  "heading": "Changes in the organisational and operational structure of the independent risk management function for operational risk according to Article 321(b) of Regulation (EU) No 575/2013 if they fulfil any of the following criteria:",
  "text": "(a) they reduce the hierarchical level of the operational risk management function or of its head;\n(b) they lead to a relevant reduction the duties and responsibilities of the operational risk management function;\n(c) they extend the duties and responsibilities of the operational risk management function, unless no conflicts of interests exist and appropriate additional resources are provided to the operational risk management function;\n(d) they lead to a reduction of the available resources in terms of budget and headcount of more than 10 %, of the institution or group, since the last approval according to Article 312(2) of Regulation (EU) No 575/2013 was granted, unless the available resources in terms of budget and headcount at the institution or group level has been reduced with the same proportion.",
  "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/eur/2014/529/annex/II/part/II/section/2/division/2",
    "retrieved_at": "2026-11-01T14:47:39.666799+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."
}