Final report on the Guidelines on the assessment of adequate knowledge and experience of the management or administrative organ of credit servicers, as a whole, under Directive (EU) 2021/2167 (EBA/GL/2023/09) (applicable from 27 June 2024)

Final and translated into the EU official languages	27/03/2024
Application date	27/06/2024

Comparing proposed amendment...


	1. Executive Summary
	2. Background and rationale
	3. Guidelines
	3.1. Compliance and reporting obligations (paras. 1-4)
	3.2. Subject matter, scope and definitions (paras. 5-10)
	3.3. Implementation (para. 11)
	3.4. Guidelines on the assessment of adequate knowledge and experience of the management or administrative organ, as a whole (paras. 12-56)
	1 Application of the proportionality principle (paras. 12-13)
	2 Credit servicers’ assessment of the adequate knowledge and experience of members of the management or administrative organ (paras. 14-23)
	3 Individual members’ adequate knowledge and experience criteria (paras. 24-34)
	4 Collective adequate knowledge and experience criteria (paras. 35-38)
	5 Assessment of knowledge and experience of individual members (paras. 39-40)
	6 Assessment of the collective adequate knowledge and experience of the management or administrative organ (paras. 41-43)
	7 Credit servicers’ corrective measures (paras. 44-48)
	8 Assessment by competent authorities (paras. 49-56)
	4. Accompanying documents
	4.1. Draft cost-benefit analysis / impact assessment
	4.2. Summary of responses to the consultation and the EBA’s analysis

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