Regulatory Alerts2019-04-04
Added · Updated
Initial assessment – reputation assessment
Holders of a declaration of no-objection for qualifying holdings in financial enterprises are subject to an ongoing reputation requirement starting 1 July 2023. This mandate requires new policymakers at these entities to undergo assessments evaluating both their integrity and professional competence, including management and technical experience. The assessments consider the individual's level of influence within the financial enterprise and are based on information provided by the natural person.
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