170. In any case, competent authorities should be informed without delay of any material …

In any case, competent authorities should be informed without delay of any material shortcomings identified concerning any of the members of the management body and the management bod y’s collective composition. Significant CRD institutions should also inform competent authorities about any shortcomings identified regarding heads of internal control functions and the CFO, where they are not part of the management body. The information should include the measures taken or envisaged to remedy those shortcomings and the timeline for their implementation.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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