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Recital 9

Recital 9

(9)Applicant issuers should provide the competent authority with all necessary and sufficient information enabling the competent authority to carry out a comprehensive assessment of the members of the management body with a view to ensure that they meet the suitability requirements and do not fall in any of the grounds of refusal of the authorisation set out in Article 21(2), points (a) and (b), of Regulation (EU) 2023/1114. For that purpose, the application for authorisation should contain the information relevant to the assessment of reputation including sufficient information that allows to verify that the members of the management body have not been convicted of offences relating to money laundering or terrorist financing or of any other offences that would affect their good repute, to assess their professional experience, knowledge and skills in the areas relevant to financial services, crypto-assets, other digital assets, distributed ledger technology (DLT), digital innovation, information technology (IT), cybersecurity or management and information enable to assess the adequacy of their time commitment. To ensure coherence and coordination among different financial supervisors’ decisions that information should also include any prior assessments provided by competent authorities.

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