1.Institutions, and financial holding companies and mixed financial holding companies that have been granted approval in accordance with Article 21a(1) ("the entities"), shall have the primary responsibility for ensuring that members of the management body are at all times of sufficiently good repute, act with honesty, integrity and independence of mind and possess sufficient knowledge, skills and experience to perform their duties and fulfil the criteria and requirements set out in paragraphs 2 to 6 of this Article, except as regards temporary administrators appointed by competent authorities under Article 29(1) of Directive 2014/59/EU and special managers appointed by resolution authorities under Article 35(1) of that Directive. The absence of a criminal conviction or of ongoing prosecutions for a criminal offence shall not in itself be sufficient to fulfil the requirement to be of good repute and act with honesty and integrity.
…Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 9 July 2024 - onwards