Article 91 12.

By 31 December 2029, EBA, in close cooperation with the ECB, shall review and report on the application of paragraphs 1d to 1j and on their effectiveness in ensuring that the ‘fit-and-proper’ framework is fit for purpose, taking into account the principle of proportionality. EBA shall submit that report to the European Parliament and to the Council. On the basis of that report, the Commission shall submit a legislative proposal, if appropriate.