55. Competent authorities should inform credit servicers of at least a negative decision on the …

Competent authorities should inform credit servicers of at least a negative decision on the assessment of suitability as soon as possible. Where provided by national law or defined by the competent authority as part of their supervisory processes, a positive decision may be deemed to be taken by silence, when the maximum period for the assessment, as referred to in paragraph 54, is completed and the competent authority has not taken a negative decision.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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