192. The competent authority, considering the measures already taken by the institution, should …

The competent authority, considering the measures already taken by the institution, should take appropriate measures to address the identified shortcomings and set a timeline for the implementation of these measures. Such measures should include as appropriate one or more of the following measures:

• a. requiring the institution to organise specific training for the members of the management body individually or collectively;
• b. requiring the institution to change the division of tasks amongst the members of the management body;
• c. requiring the institution to refuse the proposed member or to replace certain members;
• d. requiring the institution to change the composition of the management body to ensure the individual and collective suitability of the management body;
• e. removing the member from the management body;
• f. where appropriate, imposing administrative penalties or other administrative measures (e.g. setting out specific obligations, recommendations or conditions), including ultimately withdrawing the institution’s authorisation.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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