149. When assessing the collective suitability of the management body, institutions should assess the composition of the management body in its management and supervisory functions separately. The assessment of collective suitability should provide a comparison between the actual composition of the management body and the management body's actual collective knowledge, skills and experience, and the required collective suitability pursuant to Article 91(7) of Directive 2013/36/EU.

150. Institutions should perform an assessment of the collective suitability of the management body using either:

a. the suitability matrix template included in Annex I. Institutions may adapt this template taking into account the criteria described in Title I; or

b. their own appropriate methodology in line with the criteria set out in these Guidelines.