14. Credit servicers should ensure that their management or administrative organ, as a whole, possesses adequate knowledge and experience to perform their duties at all times and to conduct the business in a competent and responsible manner. In accordance with Article 5(1)(b) of Directive (EU) 2021/2167 credit servicers should ensure that all members of these organs are of good repute.
15. Credit servicers, including firms that apply for authorisation under Tittle II, Chapter I of Directive (EU) 2021/2167, should perform the assessment or a re-assessment, in particular:
a. when applying for authorisation before commencing its activities;
b. when material changes to the composition of the management or administrative organ occur, including:
i. when appointing new members of the management or administrative organ, in a credit servicer;
ii. when members have left the management or administrative organ.
c. where material changes to the business model, underlying legal provisions or technol
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