ESMA EBA Consultation on Suitability Guidelines for Management Body Members
Summary
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have launched a consultation on draft joint guidelines for assessing the suitability of management body members and key function holders. The consultation period runs until May 25, 2026.
What changed
ESMA and EBA are seeking feedback on draft joint guidelines concerning the assessment of the suitability of members of the management body and key function holders within financial institutions. The consultation paper details the proposed criteria and procedures for these assessments, aiming to harmonize standards across the EU.
Regulated entities, particularly those with management bodies and key function holders, should review the draft guidelines and submit their responses by the deadline of May 25, 2026. Failure to comply with future implemented guidelines could result in supervisory actions. This consultation is a critical step before the finalization and adoption of these guidelines.
What to do next
- Review draft Joint ESMA EBA Guidelines on suitability assessment
- Submit feedback to EBA by May 25, 2026
Source document (simplified)
Consultation on draft Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the management body and key function holders
- Consultation
- 25 FEBRUARY - 25 MAY 2026
- EBA/CP/2026/02
Responses
Responses to the consultations can be sent to the EBA.
All contributions received will be published after the consultation closes, unless requested otherwise.
Deadline for submitting responses: 25/05/2026 at 23:59
Documents
Consultation paper on draft Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the management body and key function holders
(1005.74 KB - PDF)
Consultation paper on draft Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the management body and key function holders (track changes)
(1.19 MB - PDF)
Updated Annex I - Joint EBA and ESMA GL on the assessment of suitability
(74.85 KB - Excel Spreadsheet)
Scope of application joint GLs on suitability
(30.91 KB - Excel Spreadsheet)
Consultation OPEN Submit response
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