31. When assessing the adequate knowledge and experience of a member, consideration should be given …

When assessing the adequate knowledge and experience of a member, consideration should be given to theoretical and practical experience relating to the activity of credit servicing, including in particular:

• a. relevant legal and regulatory requirements, including national requirements for credit servicing and debt collection;
• b. sequestration, insolvency and bankruptcy procedures;
• c. consumer and borrower protection;
• d. data protection requirements; and
• e. anti-money laundering and anti-terrorist financing obligations, where credit servicers are designated as obliged entities for the purpose of preventing and combating money laundering and terrorist financing under national law provisions transposing Directive (EU) 2015/849.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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