independent director
Defined in Article 2, Regulation (EU) No 795/2014 of the ECB
Definitions over time (1)
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06/12/2017 – today applies on 11/11/2026 Article 2, Regulation (EU) No 795/2014 of the ECB Scope: Whole act
‘independent director’ means a non-executive member of the Board who has no business, family or other relationship that raises a conflict of interests regarding the SIPS or SIPS operator, their controlling shareholders, their management or their participants, and who has had no such relationship during the two years preceding their membership of the Board;