Regulatory Alerts2026-07-09
Added · Updated
Decision on Documentation for Proving Compliance with Conditions for Appointment of a Member of the Management Body and Holder of a Key Function of a Bank and Deposit Fund
This Decision establishes the specific documentation required by banks to prove that candidates for management body members and holders of key functions meet the suitability and fit-and-properness criteria under the Banking Act. It mandates the submission of completed ECB questionnaires, CVs, criminal record extracts, and internal suitability assessments within 15 days for management members and 5 days for key function holders. The regulation replaces previous decisions and applies to banks, deposit funds, and financial holding groups, specifying distinct requirements for significant versus non-significant key function holders.
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