510. Competent authorities should assess whether the persons directing the TCB: a. have sufficient …

Competent authorities should assess whether the persons directing the TCB:

• a. have sufficient understanding of the activities and risks of the branch and knowledge of the local market, as well as of EU and national regulations of the Member State;
• b. have sufficient authority, stature, and independence, taking into account the extent they are empowered to contribute to decisions by the head undertaking affecting the branch;
• c. spend sufficient time within its Member State and in the premises of the branch to effectively fulfil their role.

1. Panoramica

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

3. Standard correlati

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