Recital 1

(1)The good repute of the senior management and the members of the board of an external reviewer is of paramount importance to ensure that the external reviewer meets its regulatory obligations. An assessment of good repute should be based on information on the prior activities of those persons, including information on potential relevant criminal convictions, past misconduct, gross negligence, mismanagement of conflicts of interest or impairments to independence and objectivity, and information on their honesty, integrity and reputation.