+17. By way of derogation of paragraph 16, the collective suitability assessments may, without …

17. By way of derogation of paragraph 16, the collective suitability assessments may, without …

By way of derogation of paragraph 16, the collective suitability assessments may, without prejudice to national law, be performed after the appointment of the member of the management or administrative organ in any of the following cases for which the credit servicer has duly provided a justification:

  • a. shareholders, owners or members of the credit servicer nominate and appoint members of the management or administrative organ at the shareholders ’ or equivalent meeting that have not been proposed by the credit servicer or by the management or administrative organ; and
  • b. a complete assessment prior to the appointment of a member or the change of the composition of the management or administrative organ would disrupt the sound functioning of the management or administrative organ, including as a result of the following situations:
  • i. where the need to replace members arises suddenly or unexpectedly, e.g. owing to the death of a member; and
  • ii. where a member needs to be removed as the member is no longer suitable.

1. Overview

,
Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

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.