30. Institutions should assess or re-assess the collective suitability of the management body, in …

Institutions should assess or re-assess the collective suitability of the management body, in particular:

a. when applying for authorisation to take up the business, including situations where additional activities are authorised;
b. when material changes to the composition of the management body occur, including:
i. when appointing new members of the management body, including as a result of a direct or indirect acquisition or increase of a qualifying holding in an institution¹⁹ ;
ii. when re-appointing members of the management body, if the requirements of the position have changed or if the members are appointed to a different position within the management body;
iii. when appointed or reappointed members cease to be members of the management body;
c. on an ongoing basis, in accordance with paragraph 31.

¹⁹ See footnote 17.

1. Forbhreathnú

Teideal	Rialáil

Ceanglais
Foinse	Ceanglas

Caighdeáin
Foinse	Ceanglas

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