6 Assessment of the collective adequate knowledge and experience of the management or administrative organ

Where applicable, in assessing the collective adequate knowledge and experience, credit servicers should assess the composition of the management organ in its management and its supervisory functions separately.

Credit servicers should perform an assessment using their own appropriate methodology in line with the criteria set out in these Guidelines and document the results.

When assessing a member`s knowledge and experience, credit servicers should, within the same time period, also assess the collective suitability of the management or administrative organ. In particular, it should be assessed what knowledge and experience the individual brings to the collective one or, in the case of a member that has left the management or administrative organ, the knowledge and experience that might, following the change of composition of the organ, be missing.