Joint Guidelines on the exchange of information relevant to fit and proper assessments

Final report on Joint Guidelines on the system established by the European Supervisory Authorities for the exchange of information relevant to the assessment of the fitness and propriety of holders of qualifying holdings, directors and key function holders of financial institutions and financial market participants by competent authorities.

The Joint Guidelines aim to ensure consistent and effective supervisory practices within the European System of Financial Supervision (ESFS) and facilitate information exchange between supervisors. 

These Joint Guidelines apply to competent authorities within the ESFS and focus on two main areas: 

1) use of the F&P Information System 

2) information exchange and cooperation between the competent authorities when conducting fitness and propriety assessments.