Article 45 › 9 MiFID II — DIRECTIVE 2014/65/EU OF THE EUROPEAN PARLIAMENT AND OF THE…

Article 45 › 9

MiFID II

DIRECTIVE 2014/65/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) (Text with EEA relevance) · European Union

ESMA shall issue guidelines on the following: (a) the notion of sufficient time commitment of a member of the management body to perform that member’s functions, in relation to the individual circumstances and the nature, scale and complexity of activities of the market operator; (b) the notion of adequate collective knowledge, skills and experience of the management body as referred to in point (b) of paragraph 2; (c) the notions of honesty, integrity and independence of mind of a member of the management body as referred to in point (c) of paragraph 2; (d) the notion of adequate human and financial resources devoted to the induction and training of members of the management body as referred to in paragraph 3; (e) the notion of diversity to be taken into account for the selection of members of the management body as referred to in paragraph 5. ESMA shall issue those guidelines by 3 January 2016.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04