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Version date: 19 April 2023 - onwards
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5 Assessment of knowledge and experience of individual members

Closed
19 July 2023

38. As part of the assessment of the management or administrative organ suitability, credit servicers should assess the knowledge and experience of individual members. For that purpose, credit servicers should:

a. gather information through various channels and instruments (e.g. diplomas and certificates, recommendation letters, curricula vitae, interviews, questionnaires);

b. require the assessed individual to provide accurate information and to provide proof of that information, where necessary;

c. validate, to the extent possible, the correctness of the information provided by the assessed individual;

d. where applicable, evaluate within the management organ in its supervisory function the assessment results; and

e. where necessary, identify necessary corrective measures.

39. Credit servicers should document a description of the position of the member for which an assessment was performed, including the role of that position within the credit servicer and should specify the results

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