On 8 December 2021, the European Central Bank (ECB) issued an updated guide to fit and proper assessments, an updated fit and proper questionnaire and a feedback statement to its earlier consultation on these materials.
The objective of the updated guide, which replaces the previous version, last updated in May 2018, is to explain in greater detail the policy stances, supervisory practices and processes applied by the ECB when assessing the suitability of members of the management bodies of significant credit institutions and to specify the ECB’s main expectations. As with the previous version, the updated questionnaire is a template to be used as a guide to the information that the ECB and Member State competent authorities expect to receive in order to assess the fitness and propriety of appointees.