On 2 July, the European Banking Authority reported that itand the European Securities and Markets Authority (ESMA) have published their revised final joint Guidelines on the assessment of the suitability of members of the management body and key function holders.  These Guidelines take into account the amendments introduced by the revised EU Capital Requirements Directive (CRD V) and the EU Investment Firms Directive (IFD), and their effect on the assessment of the suitability of members of the management body, in particular with regard to money laundering and financing terrorism risks, and gender diversity.  The joint final Guidelines will apply from 31 December.


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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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