Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the management body (revised)

status: Under development

The draft Guidelines aim at further improving and harmonising suitability assessments within the EU financial sectors and so ensure sound governance arrangements in financial institutions, in line with the fifth Capital Requirements Directive (CRD V) and the Investment Firms Directive (IFD). They address the fit and proper assessment of members of the management body as they contribute to identifying, managing and mitigating money laundering and financing of terrorism risks. These Guidelines also address the issue of gender-balance of staff in management.

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Consultation Papers