30. Where a competent authority requires a member of staff or a member of its governance body who …

Where a competent authority requires a member of staff or a member of its governance body who owns financial instruments referred to in Article 4a(8) of Directive 2013/36/EU, to sell or dispose of those instruments, that member should execute the sale or transfer the financial instruments within a reasonable timeframe established by the competent authority. The competent authority should take into account any obligations to hold instruments arising out of the remuneration requirements set out under Article 94 of Directive 2013/36/EU. Where the prospective member owns the financial instruments at the time of being hired or appointed, to the extent possible, such sale or disposal should be executed by the prospective member prior to taking office.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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