186. For the purposes of Article 14(2) CRD, competent authorities should assess the compliance of …

For the purposes of Article 14(2)⁶⁵ CRD, competent authorities should assess the compliance of shareholders and members with the criteria set out in Article 23(1) CRD as further specified in the ESAs’ Joint Guidelines on the prudential assessment of qualifying holdings⁶⁶ .

⁶⁵ The provision reads: ‘Competent authorities shall refuse authorisation to commence the activity of a credit institution if, taking into account the need to ensure the sound and prudent management of a credit institution, they are not satisfied as to the suitability of the shareholders or members, in accordance with the criteria set out in Article 23(1). Article 23(2) and (3) and Article 24 shall apply’.

⁶⁶ JC/GL/2016/01 of 20 December 2016, available at https://esas-joint-committee.europa.eu/Publications/Guidelines/JC_QH_GLs_EN.pdf

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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