Regulatory Alerts2016-03-04
Added · Updated
Second-tier senior officers – FAQs
The document clarifies that non-managerial staff are excluded from the second-tier senior officers group, which is restricted to managers just below the first tier of directors responsible for activities materially affecting the institution’s risk profile. It specifies that integrity screening is a one-time process, allowing institutions to rely on prior DNB or AFM screenings for internal transfers, while requiring new forms for external hires or when previous assessments are older than six months. Institutions retain full responsibility for suitability and integrity checks when outsourcing key functions, and must use the designated DNB form rather than a certificate of good conduct for their own integrity assessments.
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