43. The use of TPSPs should not lower the suitability requirements applied to the members of the …

The use of TPSPs should not lower the suitability requirements applied to the members of the management body of financial entities, senior management, including key function holders, and persons responsible for the management of the payment institution. Financial entities should have adequate competence and sufficient, appropriately skilled resources to ensure appropriate management and monitoring of third-party arrangements.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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