5 Assessment of knowledge and experience of individual members

As part of the assessment of the management or administrative organ ’s suitability, credit servicers should assess the knowledge and experience of individual members. For that purpose, credit servicers should:

• a. gather information through various channels and instruments (e.g. diplomas and certificates, recommendation letters, curricula vitae, interviews, questionnaires);
• b. require the assessed individual to provide accurate information and to provide proof of that information, where necessary;
• c. validate, to the extent possible, the correctness of the information provided by the assessed individual;
• d. where applicable, evaluate within the management organ in its supervisory function the assessment results; and
• e. where necessary, identify necessary corrective measures.

Credit servicers should document a description of the position of the member for which an assessment was performed, including the role of that position within the credit servicer, and should specify the results of the assessment in relation to knowledge and experience and the results of the assessment of good repute under Article 5(1)(b) of Directive (EU) 2021/2167.