31. Institutions should re-assess the collective suitability of the members of the management body …

Institutions should re-assess the collective suitability of the members of the management body, in particular, in the following cases:

a. when there is a material change to the institution’s business model , risk appetite or strategy or structure at individual or group level;
b. as part of the review of the internal governance arrangements by the management body;
c. where there are reasonable grounds to suspect that money laundering or terrorist financing has been or is being committed or attempted or there is an increased risk thereof in connection with that institution and in particular in situations where information available suggests that the institution
i. has not implemented appropriate internal controls or oversight mechanisms to monitor and mitigate ML/TF risks (e.g. identified by supervisory findings from on-site inspections or off-site inspections, supervisory dialogue or in the context of sanctions);
ii. has been found to be in breach of its AML/CFT obligations in the home or host Member State or in a third country; or
iii. has materially changed its business activity or business model in a manner that suggests that its exposure to ML/TF risk has significantly increased;
d. in any event that can otherwise materially affect the collective suitability of the management body.

1. Overview

Summary	Regulation

Requirements
Source	Requirement

Standards
Source	Requirement

EBA -
EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.