- Primary legal source for VLOP/VLOSE designation, Article 34 risk assessment, Article 35 mitigation, Article 37 audit, Article 40 data access, Article 41 compliance function, and Article 42 transparency obligations.
- Article 33 sets the VLOP/VLOSE designation threshold and Articles 34 to 42 define the risk, audit, data-access, compliance-function, and transparency records covered by this workflow.
- Article 34 specifies the systemic-risk categories, annual and critical-change risk-assessment triggers, and supporting-document preservation requirement.
Show 3 more
- Article 35 lists examples of risk-mitigation measures and requires reasonable, proportionate, and effective mitigation tailored to Article 34 risks.
- Article 37 requires annual independent audits at the provider's expense, auditor cooperation, written audit reports, audit opinions, recommendations, and audit implementation reports.
- Articles 40, 41, and 42 support the data-access log, compliance-function governance file, and VLOP/VLOSE transparency and audit-publication records.
"very large online platforms"
More quoted passages
"equal to or higher than 45 million"
"preserve the supporting documents"
"reasonable, proportionate and effective mitigation measures"
"at least once a year"
"Data access and scrutiny"