+195. Competent authorities should provide each other, while respecting the applicable data …

195. Competent authorities should provide each other, while respecting the applicable data …

Competent authorities should provide each other, while respecting the applicable data protection legislation, with any information they hold about a member of the management body or key function holder for the performance of a suitability assessment. The information should also include a justification for the decision taken regarding that person ’ s suitability. For this purpose, unless national law permits it without requiring consent, the requesting competent authority should seek from members of the management body or key function holders consent:

  • a. to request from any competent authority information relating to them which is needed for the suitability assessment;
  • b. to process and use the provided information for the suitability assessment, if such consent is required by applicable data protection legislation.

1. Overview

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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 - Published by the European Banking Authority at https://www.eba.europa.eu/