Skip to main content
Version date: 31 July 2020 - onwards

Title IX Competent authorities and resolution authorities suitability assessment in the context of resolution

Closed
31 October 2020

204. Competent authorities and resolution authorities should specify the procedures applicable to the exchange of information regarding suitability assessments of members of the management body and their the replacement in line with Articles 27, 28 and 34(1)(c), having also regard to article 81(2) of BRRD according to which competent authorities should inform the resolution authorities of the removal of one or more members of the management body and the appointment of one or more members of the management body under Articles 27 and 28 BRRD.

205. The procedures should ensure that the resolution authorities notify competent authorities without delay of any new appointment of one or more members of the management body. As part of the above procedures, it should be ensured that the suitability of newly appointed members of the management body, the management body as a collective body where relevant as referred to in Article 27, 28 and Article 34(1)(c) of BRRD are assessed by competent authorities in line with the criteria of Title III.

206. When appointing members of the management body under Article 34(1)(c) BRRD, resolution authorities should provide in advance competent authorities with the required documents to enable them to perform a suitability assessment.