2021-12-10

Circular Letter No. CC/2021/00000058

Banco de Portugal issued Circular Letter No. CC/2021/00000058 to inform regulated entities of the revision of the joint EBA/ESMA Guidelines on the assessment of the adequacy of members of management bodies and key function holders. The document mandates that credit institutions, investment firms, and other supervised entities adopt necessary measures to comply with these revised standards. Compliance with these updated requirements is mandatory starting from 31 December 2021.

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Circular Letter No. CC/2021/00000058

Summary

Informs that the joint EBA/ESMA Guidelines on the assessment of the adequacy of members of management bodies and key function holders (EBA/GL/2021/06) have been revised, and that measures must be adopted to ensure compliance from 31 December 2021.

Status In force

Official Journal 11/2021 5th Supplement

Publication Date 10-12-2021

Issue Date 29-11-2021

Recipient Type Investment Firms, Credit Institutions, Management Companies for Social Participation Shares

Descriptors Management Bodies, Supervision, Prudential Standards

Recipients Banks, Central Credit Cooperative Savings Bank, Agricultural Credit Cooperative Savings Banks, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions, Brokerage Firms, Investment Consulting Firms, Brokerage Financial Companies, Asset Management Companies, Multilateral Trading Facility Management Companies, Money or Exchange Market Intermediary Companies

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