+6. Terms used and defined under MiCA and the ‘Joint EBA -ESMA guidelines on the assessment of the …

6. Terms used and defined under MiCA and the ‘Joint EBA -ESMA guidelines on the assessment of the …

Terms used and defined under MiCA and the ‘Joint EBA -ESMA guidelines on the assessment of the suitability of members of the management body and key function holders under Directive 2013/36/EU and Directive 2014/65/EU ’ , have the same meaning in these guidelines, in addition, the following definitions apply:

Groupmeans a group as set out in Article 2 point 11 of Directive 2013/34/EU.
Management body in its management functionmeans the management body acting in its role of directing effectively the issuer of ARTs or CASP and includes the persons who direct its business.
Management body in its supervisory functionmeans, where established, the management body acting in its role of overseeing and monitoring management decision-making.
Directorshipmeans a position as a member of the management body of an institution or another legal entity. Where the management body, depending on the legal form of the entity, is composed by a single person, this position is also counted as a directorship.
Membermeans a proposed or appointed member of the management body including acting on behalf of legal persons being a member of the management body.
Suitabilitymeans in the context of a member of the management body that an assessed individual is deemed to have sufficient good repute, including honesty and integrity, and to have, individually and collectively with other members, appropriate knowledge, skills and experience and is individually able to commit sufficient time to perform the duties the member is responsible for.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/