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.
OPINION Compliance of the ACPR with the Joint Guidelines of the European Supervisory Authorities (ESAs) No. 2024/88 relating to the system established by the ESAs for the exchange, by competent authorities, of relevant information for the assessment of the fit and proper status of holders of qualifying holdings, members of the management body and holders of key functions in financial institutions and financial market participants
The Prudential Supervision and Resolution Authority (ACPR) has declared compliance with the Joint Guidelines of the European Supervisory Authorities of 20 November 2024 on the system established by the ESAs for the exchange, by competent authorities, of relevant information for the assessment of the fit and proper status of holders of qualifying holdings, members of the management body and holders of key functions in financial institutions and financial market participants (JC/GL/2024/88).
These Guidelines are applicable by the ACPR with effect from 15 May 2025, as regards the consultation between competent authorities for assessments relating to natural persons, and with effect from 30 April 2026, as regards the consultation between competent authorities for assessments relating to legal persons.