51. Where committees have to be set up in accordance with Directive (EU) 2019/2034 or national law …

Where committees have to be set up in accordance with Directive (EU) 2019/2034 or national law, as a general principle they should be composed as a general principle of at least three members and have at least one independent member, taking into account the criteria set out in Title I of these guidelines and the joint EBA and ESMA guidelines on the assessment of the suitability of members of the management body and key function holders. Where there is not a sufficient number of members within the management body in its supervisory function to ensure a sound composition of committees as set out in this section, the tasks of the committee may be delegated to one member of the management body in its supervisory function, who is supported as appropriate by staff. Committees may be composed of the same group of members, taking into account the criteria set out in Title I and the number of independent members of the management body in its supervisory function alongside the specific experience, knowledge and skills that are individually or collectively required for the committees. The reasoning for the composition of committees should be documented.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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