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Public consultation on draft Fit and Proper Guide and new Fit and Proper Questionnaire

This consultation gives interested parties the opportunity to comment on the draft ECB guide to fit and proper assessments (Fit and Proper Guide) and the new Fit and Proper Questionnaire.

Within this consultation a public hearing took place on 15 July 2021.

Deadline for submitting comments: midnight CET on 2 August 2021.

Only comments received before this deadline will be considered.

Fit and Proper Guide and new Fit and Proper Questionnaire

As of 15 June 2021, the European Central Bank (ECB) will launch a public consultation on draft Fit and Proper Guide and the New Fit and Proper Questionnaire.

Fit and Proper Guide builds on the ECB guide to fit and proper assessments last revised in May 2018. With its publication, the ECB aims to further its goal of full transparency by providing further details on its fit and proper assessment and policy stances as well as on its supervisory expectations. The ECB's aim is also to raise the bar for fit and proper supervision and the efficiency of the suitability assessment process.

In addition, the new Fit and Proper Questionnaire has been updated to address calls from the industry for simplification and streamlining and to reflect new policies and practices developed since the last publication of the Questionnaire in 2016. The new Fit and Proper Questionnaire aims to streamline the necessary requests for information from the supervised entity and the appointee and to increase efficiency and harmonisation across European banking supervision, while enabling better data quality and use of digitalisation and artificial intelligence.

Deadline for submitting comments: midnight CET on 2 August 2021.

Only comments received before this deadline will be considered.

Submitting comments

Submit your comments by midnight CET on 2 August 2021 using this template.

In order for the comments to be processed automatically, please make sure not to change the structure of the template or the format of the file.

Please provide relevant examples or data, where appropriate.


Submitting comments, using the above template, by email:

Send your comments to: SSMPublicConsultation@ecb.europa.eu.

Please put “Public consultation on Fit and Proper Guide and on the new Fit and Proper Questionnaire” in the subject line.


Submitting comments, using the above template, by post:

Send your comments to the following address:

European Central Bank
Secretariat to the Supervisory Board
“Public consultation on Fit and Proper Guide and new Fit and Proper Questionnaire”
60640 Frankfurt am Main
Germany

Data protection

For details on how your personal data and contribution will be handled, please see this privacy statement:

Privacy statement

Public hearing on 15 July 2021

The ECB held a public hearing via a Webex teleconference on 15 July 2021 at 10:30 CET.

The event comprised an introduction to the Fit and Proper Guide and the new Fit and Proper Questionnaire followed by a questions and answers session in English.

Hearing presentation

Recording of the public hearing

Documents