Regulatory Alerts2024-04-19
Added · Updated
Instruction No. 2024-I-04 of April 19, 2024, on the appointment or renewal of a senior manager or a member of a supervisory body
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2024-I-04 to mandate the declaration of appointments or renewals of senior managers and supervisory board members by regulated financial entities. The instruction specifies that payment and electronic money institutions are exempt from declaring the renewal of mandates, while other entities must submit electronic declarations within 15 days via designated ECB or ACPR portals. This directive repeals the previous 2021 instruction and establishes the procedural framework for fit and proper assessments and conflict of interest checks.
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