+3.4. Guidelines on the assessment of adequate knowledge and experience of the management or administrative organ, as a whole
---+1 Application of the proportionality principle
------+12. Credit servicers should take into account their size, their internal organisation and the …
------+13. For the purpose of applying the principle of proportionality and in order to ensure the …
---+2 Credit servicers ’ assessment of the adequate knowledge and experience of members of the management or administrative organ
------+14. Credit servicers should ensure that their management or administrative organ, as a whole …
------+15. Credit servicers, including firms that apply for authorisation under Title II, Chapter I of …
------+16. The knowledge and experience assessments of the members of the management or administrative …
------+17. By way of derogation of paragraph 16, the collective suitability assessments may, without …
------+18. The assessment of adequate knowledge and experience should take into account all matters …
------+19. Credit servicers should take into account the knowledge and experience of the individual member …
------+20. Credit servicers should document the results of their assessment, and in particular any …
------+21. The assessment of the initial and ongoing individual and collective adequate knowledge and …
------+22. To ensure appropriate ongoing supervision, credit servicers should inform the competent …
------+23. When the competent authorities have carried out an assessment of the knowledge and experience …
---+3 Individual members ’ adequate knowledge and experience criteria
------+24. When assessing the adequate knowledge and experience of the management body, as a whole, the …
------+25. Members of the management or administrative organ should have an up-to-date understanding of …
------+26. Members of the management or administrative organ should have a clear understanding of the …
------+27. Members of the management or administrative organ should be able to contribute to the …
------+28. The assessment of adequate knowledge and experience should consider: a. the role and duties of …
------+29. The level and profile of the education of the member and whether or not it relates to banking …
------+30. The assessment should not be limited to the educational degree of the member or proof of a …
------+31. When assessing the adequate knowledge and experience of a member, consideration should be given …
------+32. When assessing the adequate knowledge and experience of a member, consideration should also be …
------+33. When assessing the practical and professional experience gained from previous positions …
------+34. Where applicable, members of the management or administrative organ in its supervisory function …
---+4 Collective adequate knowledge and experience criteria
------+35. The management or administrative organ, as a whole, should have adequate knowledge and …
------+36. The composition of the management or administrative organ should reflect the adequate knowledge …
------+37. The management or administrative organ, as a whole, should have adequate knowledge and …
------+38. When assessing the collective adequate knowledge and experience of the management or …
---+5 Assessment of knowledge and experience of individual members
------+39. As part of the assessment of the management or administrative organ ’s suitability, credit …
------+40. Credit servicers should document a description of the position of the member for which an …
---+6 Assessment of the collective adequate knowledge and experience of the management or administrative organ
------+41. Where applicable, in assessing the collective adequate knowledge and experience, credit …
------+42. Credit servicers should perform an assessment using their own appropriate methodology in line …
------+43. When assessing a member`s knowledge and experience, credit servicers should, within the same …
---+7 Credit servicers ’ corrective measures
------+44. If a credit servicer’s assessment or reassessment concludes that the management or …
------+45. Appropriate corrective measures may include, but are not limited to: adjusting responsibilities …
------+46. If a credit servicer ’s assessment or reassessment identifies easily remediable shortcomings in …
------+47. When a credit servicer intends to request the authorisation to commence its activities, such …
------+48. In any case, competent authorities should be informed without delay of any material …
---+8 Assessment by competent authorities
------+49. Competent authorities should specify the supervisory procedures applicable to the assessment of …
------+50. Supervisory procedures should ensure that information made available to competent authorities …
------+51. Competent authorities should require from the credit servicer a list of the names of the …
------+52. For the assessment of knowledge and experience, the competent authority should at least require …
------+53. For the assessment of the good repute of members, the competent authority should require …
------+54. Without prejudice to Article 5(1)(c) of Directive (EU) 2021/2167 specifying the assessment of …
------+55. Competent authorities should inform credit servicers of at least a negative decision on the …
------+56. Competent authorities should ensure that their supervisory procedures allow them to address …
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3.4. Guidelines on the assessment of adequate knowledge and experience of the management or administrative organ, as a whole
3.4. Guidelines on the assessment of adequate knowledge and experience of the management or administrative organ, as a whole
1. Overview
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/
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