30. Institutions should assess or re-assess the collective suitability of the management body, in …

Institutions should assess or re-assess the collective suitability of the management body, in particular:

• a. when applying for authorisation to take up the business, including situations where additional activities are authorised;
• b. when material changes to the composition of the management body occur, including:
• i. when appointing new members of the management body, including as a result of a direct or indirect acquisition or increase of a qualifying holding in an institution¹⁹ ;
• ii. when re-appointing members of the management body, if the requirements of the position have changed or if the members are appointed to a different position within the management body;
• iii. when appointed or reappointed members cease to be members of the management body;
• c. on an ongoing basis, in accordance with paragraph 31.

¹⁹ See footnote 17.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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