29. Consistently with paragraph 26, competent authorities may impose obligations subsequent on the …

Consistently with paragraph 26, competent authorities may impose obligations subsequent on the applicant credit institution in order to deal with matters occurring after the authorisation is granted. Such obligations subsequent may only be imposed by the competent authorities where, despite the applicant credit institution’s fulfilment of all the authorisation requirements in substance, compliance with one or more of them on an ongoing basis needs to be specifically monitored and enforced if warranted. Accordingly, competent authorities should clarify that, whilst failure to fulfil an obligation will not make the initial issuance of the authorisation ineffective per se, their non-compliance should be addressed by supervisory tools or result in the application of enforcement measures and/or sanctions. By way of example, obligations can be imposed in relation to matters which are considered to be implementing measures of the authorisation, such as reporting obligations or ensuring that members of the management body demonstrate adequate specific knowledge (e.g. undertaking training).

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• 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.