in force 2020-01-01 INSERTED+542 −0§
Amended by Regulation (EU) 2019/2175 32019R2175
applies from: unknown (an inserted provision states its own application date only in prose)
This is a new article requiring the Authority, together with the European Banking Authority and the European Securities and Markets Authority, to establish a system for exchanging information relevant to assessing the fitness and propriety of holders of qualifying holdings, directors and key function holders of financial institutions by competent authorities under the legislative acts referred to in Article 1(2).
Cited: Art. 31a, v2
text before / after
inserted text (02010R1094-20200101)
Article 31a Information exchange on fitness and propriety The Authority shall, together with the European Supervisory Authority (European Banking Authority) and with the European Supervisory Authority (European Securities and Markets Authority), establish a system for the exchange of information relevant to the assessment of the fitness and propriety of holders of qualifying holdings, directors and key function holders of financial institutions by competent authorities in accordance with the legislative acts referred to in Article 1(2).