Personentoetsingen in de financiële sector
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Personentoetsingen in de financiële sector (O&R nr. 127) 2021/Tabel 3.1:Table 3.1 Fit & proper-requirements: a cross-sectoral analysis (1 june 2020)
Personentoetsingen in de financiële sector (O&R nr. 127) 2021/Tabel 3.1
Table 3.1 Fit & proper-requirements: a cross-sectoral analysis (1 june 2020)
Documentgegevens:
mr. drs. I. Palm-Steyerberg, datum 01-03-2021
- Datum
01-03-2021
- Auteur
mr. drs. I. Palm-Steyerberg
- JCDI
JCDI:ADS268538:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Financieel recht / Financieel toezicht (juridisch)
Deze functie is alleen te gebruiken als je bent ingelogd.
Financial institutions
Members of the management body (management/ executive function)
Members of the management body (supervisory/ non-executive function)
Senior management/ key function holders
Members or shareholders (with qualifying holdings)
Good Repute
Individual qualifications (experience, knowledge, skills)
Collective suitability/ board composition
Sufficient time
Independence of mind
Credit rating agencies (CRA-Regulation)
Art 6(2), Annex 1, Section A(2)
Art 6(2), Annex 1, Section A (2)
-
-
-
Unclear, Art 3(1)(n)
Art 3(1)(n and Recital (7), Art 15 (1)(a) (b)(c), 15 (2) and Annex VI, Regulation 449/2012
-
Insurance and reinsurance undertakings (Solvency II)
Art 42 (1), Art 273(4) of Regulation 2015/35 EIOPA GL 2015
Art 42(1), Art 273(2) of Regulation (EU) 2015/35 EIOPA GL 2015
Art 258 (1)(c), 273(3) of Regulation (EU) 2015/35 EIOPA GL 2015
-
-
Art 1(43), 258(1)(d), 273(3) of Regulation (EU) 2015/ 35 (Yes in one tier-board; in two tier board: member state option) EIOPA GL 2015
Art 42(1) and 13 (29) EIOPA GL 2015
Art 24(1), 59 (1) Joint GL 2016
Special purpose vehicles (Solvency II)
Art 322 (1) of Regulation (EU) 2015/35
Art 322(1) of Regulation (EU) 2015/35
Art 273 (3) of Regulation (EU) 2015/35
-
-
Unclear, Art 211(c) and Art 322(1) of Regulation (EU) 2015/35
Unclear
Art 323(1) of Regulation (EU) 2015/35
Management company (UCITS)
Art 7(1) (b)
Art 7(1) (b)
-
-
-
Unclear, Art 2(1)(s), 7(1)(b)
Possibly, Art 7(1)(b and Recital (10) and art 3 (4)(5)(6) of Directive (EU) 2010/43
Art. 8(1), 11
Investment company (UCITS)
Art 29(1) (b)
Art 29(1) (b)
-
-
-
Unclear, Art 29(1) (b)
Unclear, Art 29(1) (b)
-
Depositary (UCITS)
Art 5(4)
Art 5(4)
-
-
-
Unclear, Art 2(1)(s), 5(4)
Unclear, Art 5(4)
-
Depositary/no (central) bank (UCITS)
Art 23(2) (c)
Art 23(2) (c)
Art 23(2) (c)
-
-
Art 23(2) (c), 2(1)(s)
Unclear, Art 23(2) (c)
-
Managers of alternative investment funds (AIFMD)
Art 8(1) (c) and 21(c) Regulation (EU) No 231/2013
Art 8(1) (c)
Art 21(a) Regulation (EU) No 231/2013
Art 21(b) Regulation (EU) No 231/2013
Art 21(c) Regulation (EU) No 231/2013
Art 8(1)(c) and 1(4),21 of Regulation (EU) No 231/2013 (Yes in one tier-board, unclear in two tier board)
Possibly, Art 8(1) (c) and 1 (3) Regulation (EU) No 231/2013
Art. 8(1)(d)
Central counterparty (EMIR)
Art 2 (29), 27 (1),(2)
Art 2(29), 27(1),(2)
Art 2 (29), 27 (2)
-
-
Art 2(27), 27(2) (Member state option)
Possibly, 2(29), 27 (1)
Art 30(2), 32 (1)(a) Joint GL 2016
Trade repositories (EMIR)
Art 2 (29), 78 (6) and art 9 Regulation (EU) 2019/362
Art 2(29), 78(6) and art 9 Regulation (EU) 2019/362
-
-
-
Art 2(27), 78(6) (Member state option)
Unclear, Art 2(29), 78(6)
-
Credit institutions/ CRR- investment firms (CRD IV)
Art 91(1) EBA/ESMA GL 2017
Art 91(1) EBA/ESMA GL 2017
Art 91(7) EBA/ESMA GL 2017
Art. 91 (2)-(6) EBA/ESMA GL 2017
Art 91(8) EBA/ESMA GL 2017
Art 3(1)(7), 3(1)(8) EBA/ESMA GL 2017
EBA/ESMA GL 2017
Art 14(2), 23 (1) Joint GL 2016
Other Investment firms (MiFID II)
Art 9(1) and 91 (1) CRD IV EBA/ESMA GL 2017
Art 9(1) and 91(1) CRD IV EBA/ESMA GL 2017
Art 9(1) and 91 (7) CRD IV EBA/ESMA GL 2017
Art 9(1) and 91 (2)-(6) CRD IV EBA/ESMA GL 2017
Recital (53) MiFID II and art 9 (1) and 91 (8) CRD IV EBA/ESMA GL 2017
Art 4(1) (36) (Member state option) EBA/ESMA GL 2017
EBA/ESMA GL 2017
Art 10(1), 13 (1) Joint GL 2016
Credit institutions, including systemic investment firms (future regime)1
Art 91(1) (8) CRD IV (revised) EBA/ESMA GL 2021
Art 91(1) CRD IV (revised) EBA/ESMA GL 2021
Art 91(7) CRD IV (revised) EBA/ESMA GL 2021
Art. 91 (1)-(6) CRD IV (revised) EBA/ESMA GL 2021
Art 91(8) CRD IV (revised) EBA/ESMA GL 2021
Art 3(1)(7), 3(1)(8) CRD IV (revised) EBA/ESMA GL 2021
EBA/ESMA GL 2021
Art 14(2), 23 (1) Joint GL 2016
Investment firms (future regime)2
Art 9(4) MiFID II and, if still applicable: 9(1) and 91(1) CRD IV (revised) EBA/ESMA GL 2021
Art 9(4) ) MiFID II and, if still applicable: 9(1) and 91(1) CRD IV (revised) EBA/ESMA GL 2021
Recital (53) MiFID II and, if still applicable: Art 9(1) and 91 (7) CRD IV EBA/ESMA GL 2021
Art. 9(4) MiFID II and, if still applicable: 9(1) and 91(1)-(6) CRD IV (revised) EBA/ESMA GL 2021
If still applicable: art 9(1) and 91(8) CRD IV (revised) EBA/ESMA GL 2021
Art 4(1) (36) (Member state option)
EBA/ ESMA GL 2021 (with the exception of small and non- interconnected investment firms)
Art 10(1), 13 (1) Joint GL 2016
Market operators (MiFID II)
Art 45(1) ESMA GL 2017
Art 45(1) ESMA GL 2017
Art 45(2) (b) ESMA GL 2017
Art 45(2) (a) ESMA GL 2017
Art 45(2) (c), 47(1)(a) ESMA GL 2017
Art 4(1) (36) (Member state option) ESMA GL 2017
-
Art 4(31), 46 (1)
Data reporting services providers (MiFID II)
Art 63(1) ESMA GL 2017
Art 63(1) ESMA GL 2017
ESMA GL 2017
Art 63(1) ESMA GL 2017
Art 63(1) ESMA GL 2017
ESMA GL 2017
-
-
Central securities depositories (CSDR)
Art 27(1) (4) and art 13(1) (b)(c) Regulation (EU) 2017/ 392
Art 27(1) (4) and art 13(1) (a) Regulation (EU) 2017/392
Art 27(2) (4) and art 13(2) (c) Regulation (EU) 2017/ 392
-
-
Art 2(1) (45), 27(4) Yes in one tier-board, unclear in two tier board
Unclear, Art 2(1) (46), 27(1)
Art 27(6)
Payment service providers (PSD II)
Art 5(1) (n), 11(2) EBA GL 2017
Art 5(1) (n), 11(2) EBA GL 2017
-
-
-
Art 5(1)(n), 11(2): Unclear EBA GL 2017: Yes in one tier board, unclear in two tier board
Art 5(1) (n), 11(2)
Art 5(1)(m), 6, 11(6)
Account information services providers (PSD II)
Art 33, 5 (1)(n) EBA GL 2017
Art 33, 5 (1)(n) EBA GL 2017
-
-
-
Art 33, 5 (1): Unclear EBA GL 2017: Yes in one tier board, unclear in two tier board
Art 5(1) (n)
-
Electronic money institutions (EMD)
Art 3(1) and 5(1) PSD II EBA GL 2017
Art 3(1) and 5(1) PSD II EBA GL 2017
-
-
-
Art 3 and 5 (1) PSD II: Unclear EBA GL 2017: Yes in one tier board, unclear in two tier board
Art 3(1) and 5(1) (n) PSD II
Art 3 and 5 (1)(m), 111 (1)(a)(1) PSD II
Insurance and reinsurance intermediaries (IDD)
Art 10
Art 10
-
-
-
Art 10
Art 10
-
Institutions for occupational retirement provision (IORP II)
Art 22(1) (b)
-
Art 22(1) (a)
-
-
Unclear, Art 22(1)
Art 22(1), 6(18)
-
Securitisation repositories (Securitisation Regulation)
Art 10 (2), 78(6) EMIR
Art 10(2), 78(6) EMIR
-
-
-
Unclear, art 10(2) and 78(6) EMIR
Unclear, art 10(2) and 78(6) EMIR
-
Third parties (Securitisation Regulation)
Art 28(1) (d) and 2 Regulation 2019/885
Art 28(1) (d) and 2 Regulation 2019/885
Art 28(1) (e)
-
Art 28(1)
Possibly, art 28(1)(d)
-
-
Taking into account Directive (EU) 2019/878 of 20 May 2019 (“CRD V”), Regulation (EU) 2019/876 of 20 May 2019 (“CRR II”), Directive (EU) 2019/2034 of 27 November 2019 (“IFD Directive”) and Regulation (EU) 2019/ 2033 of 27 November 2019 (“IFR Regulation”). Member States have to transpose the amendments of CRD IV into their national legislation by 28 December 2020. The implementation date of the IFR Directive is 26 June 2021. The Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the management body and key function holders are currently being revised. The revised Guidelines will apply from 26 June 2021. For an explanation of the upcoming changes for fit and proper testing in banks and investment firms, see Chapter 2, paragraph 2.4.1.
Ibid.