Regulatory Alerts2025-06-26
ACPR Declaration of Compliance with Joint ESAs Guidelines on Information Exchange for Fit and Proper Assessments
The French Prudential Supervision and Resolution Authority (ACPR) has declared its compliance with the Joint Guidelines of the European Supervisory Authorities (JC/GL/2024/88) regarding the exchange of information for assessing the fit and proper status of qualified shareholders, management body members, and key function holders. These guidelines mandate consultation between competent authorities for fit and proper assessments, applying to natural persons from 15 May 2025 and to legal persons from 30 April 2026. The ACPR's declaration confirms its adherence to these European standards for evaluating the suitability of individuals and entities within financial institutions and financial market participants.
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