+Article 42 Fit and proper requirements for persons who effectively run the undertaking or have other key functions
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Article 42 Fit and proper requirements for persons who effectively run the undertaking or have other key functions
1. Ħarsa ġenerali
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Regolamentazzjoni |
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Article 42 1.
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Insurance and reinsurance undertakings shall ensure that all persons who effectively run the undertaking or have other key functions at all times fulfil the following requirements:
(a)
their professional qualifications, knowledge and experience are adequate to enable sound and prudent management (fit); and
(b)
they are of good repute and integrity (proper).
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Article 42 2.
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Insurance and reinsurance undertakings shall notify the supervisory authority of any changes to the identity of the persons who effectively run the undertaking or are responsible for other key functions, along with all information needed to assess whether any new persons appointed to manage the undertaking are fit and proper.
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Article 42 3.
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Insurance and reinsurance undertakings shall notify their supervisory authority if any of the persons referred to in paragraphs 1 and 2 have been replaced because they no longer fulfil the requirements referred to in paragraph 1.
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1.1 Referenzi
1.2 Rekwiżiti identifikati
1.3 Standards relatati
2. Rekwiżiti identifikati
3. Standards relatati
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