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Committee on Payments and Market Infrastructures Board of the International Organization of Securities CommissionsConsultative report Harmonization of critical OTC derivatives data elements (other
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Governance arrangements for critical refer to the policies, procedures, and structures put in place to ensure effective management of critical functions and processes.
Entities designated as critical infrastructure providers are required to file governance arrangements for critical.
Governance arrangements for critical can be filled out by providing detailed information about the governance structure, responsibilities, and procedures in place to manage critical functions.
The purpose of governance arrangements for critical is to ensure that critical functions are managed effectively and efficiently to maintain the resilience of critical infrastructure.
Information that must be reported on governance arrangements for critical includes details of the governance framework, key personnel responsible for critical functions, and procedures for monitoring and assessing risks.
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