Provisions on the procedure for assessing the suitability of key holders of banks, financial intermediaries, e-money institutions, payment institutions and deposit guarantee schemes

The Bank of Italy issued provisions on 4 May 2021 establishing the procedure for assessing the suitability of key holders of banks, financial intermediaries, e-money institutions, payment institutions, and deposit guarantee schemes. This regulatory framework defines the specific requirements and evaluation criteria that these financial entities must follow to ensure the fitness and propriety of their management. The document serves as the official procedural guideline for supervisory assessments regarding the appointment and continued eligibility of individuals in key positions within the Italian financial sector.