34. The management or administrative organ, as a whole, should have adequate knowledge and experience to conduct the business in a competent and responsible manner according to the activities carried out by the credit servicer and ensuring the protection and fair treatment of borrowers.
35. The composition of the management or administrative organ should reflect the adequate knowledge and experience necessary to fulfil all of its responsibilities. This includes that the management or administrative organ collectively has an appropriate understanding of those areas for which the members are collectively accountable for and to ensure that the business is conducted in a competent and responsible manner.
36. The management or administrative body, as a whole, should have adequate knowledge and experience with regard to the aspects listed under paragraph 31 and in addition regarding:
a. all business activities of the credit servicer and the management of main risks related to it, including f
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