165. Failures of identified staff should be assessed on a case-by-case basis, and include the …

Failures of identified staff should be assessed on a case-by-case basis, and include the following situations:

a. where a member of the management body is no longer considered as meeting appropriate standards of fitness and propriety;
b. where the identified staff member participated in or is responsible for conduct which resulted in significant losses for the investment firm, as defined in the investment firms’ remuneration policy;
c. where an identified staff member acts contrary to internal rules, values or procedures based on intent or gross negligence.

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.

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