MIR 2.5.2

In assessing whether the systems and controls used by a Recognised Body in the performance of its relevant functions are adequate and appropriate for the scale and nature of its business, the Regulator may have regard to the Recognised Body's:

(a) arrangements for managing, controlling and carrying out its relevant functions, including:
(i) the distribution of duties and responsibilities among its Key Individuals and the departments of the Recognised Body responsible for performing its relevant functions;
(ii) the staffing and resources of the departments of the Recognised Body responsible for performing its relevant functions;
(iii) the arrangements made to enable Key Individuals to supervise the departments for which they are responsible;
(iv) the arrangements for appointing and supervising the performance of Key Individuals (and their departments); and
(v) the arrangements by which the governing body is able to keep the allocation of responsibilities between, and the appointment, supervision and remuneration of, Key Individuals under review;
(b) arrangements for the identification and management of conflicts of interest;
(c) arrangements for internal and external audit; and
(d) information technology systems.