Euroclear France uses the RGV (RELIT Grande Vitesse) system for settlement and delivery of assets. This system is essential for ensuring the simultaneity of delivery and payment, thereby reducing counterparty risk. Mastery of this system is crucial for professionals in operational risk management.

The DORA Regulation requires a complete inventory of ICT assets classified by criticality level. This enables the identification and prioritisation of IT risks, ensuring proactive vulnerability management. Compliance with DORA is essential for protecting critical information systems.

For general-purpose UCITS, the minimum frequency for NAV calculation is twice monthly. However, this frequency becomes daily if assets exceed EUR 80 million. This requirement ensures regular and accurate asset valuation, which is essential for transparency and risk management.

The AMF General Regulation sets strict settlement periods for fund delivery. For funds with daily NAV calculation, the maximum period is 15 days between centralisation and delivery. This is crucial for ensuring investor liquidity and confidence. Compliance with these timelines is essential for avoiding settlement and delivery risks.

The BCP must cover various scenarios, including unavailability of premises, IT system failures, cyberattacks, pandemics, and failure of critical service providers. Under Article 313-54 of the AMF General Regulation, the BCP must be comprehensive to ensure business continuity in the event of major incidents. A limited approach would be insufficient to manage all operational risks.

Under AMF requirements, the minimum frequency for NAV calculation is twice monthly for general-purpose UCITS. However, it becomes mandatory on a daily basis once assets exceed EUR 80 million. This ensures accurate and regular asset valuation, which is essential for transparency and risk management.

The DVP (Delivery Versus Payment) mechanism ensures that asset delivery and payment occur simultaneously. This significantly reduces counterparty risk, as both parties ensure the other has fulfilled its obligations before proceeding with the exchange. This mechanism is crucial in managing settlement and delivery risks.

Operational risks encompass various types of risk. Legal risks relate to regulatory non-compliance, while IT risks include cyberattacks and system failures. The distinction between these types of risks is essential for effective risk management. For example, an IT system failure is an IT risk, while a regulatory breach is a legal risk.