68. For the purposes of determining whether a servicer has expertise in servicing exposures of a …

For the purposes of determining whether a servicer has expertise in servicing exposures of a similar nature to those securitised in accordance with Article 21(8) of Regulation (EU) 2017/2402, both of the following should apply:

• (a) the members of the management body of the servicer and the senior staff, other than members of the management body, responsible for servicing exposures of a similar nature to those securitised should have adequate knowledge and skills in the servicing of exposures similar to those securitised;
• (b) any of the following principles on the quality of the expertise should be taken into account in the determination of the expertise:
• (i) the role and duties of the members of the management body and the senior staff and the required capabilities should be adequate;
• (ii) the experience of the members of the management body and the senior staff gained in previous positions, education and training should be sufficient;
• (iii) the involvement of the members of the management body and the senior staff within the governance structure of the function of servicing the exposures should be appropriate;
• (iv) in the case of a prudentially regulated entity, the regulatory authorisations or permissions held by the entity should be deemed relevant to the servicing of similar exposures to those securitised.

1. Forbhreathnú

1.1 Tagairtí

• Article 21 8.

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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