Artikel 4 Förnyad bedömning av kollegiets sammansättning

This article establishes a periodic review mechanism for college membership.

Building on the criteria set out in Articles 1 and 2 of this Regulation, it requires EBA to periodically reassess whether the competent authorities currently sitting on a supervisory college still meet the qualifying criteria under the relevant points of Article 119(2) of Regulation (EU) 2023/1114.

It also places a corresponding obligation on those member authorities to cooperate with EBA's reassessment by supplying the necessary information when asked.

Important points:

• EBA is required to reassess college membership qualification at least every 2 years.
• The reassessment covers competent authorities admitted under Article 119(2), points (d), (e), (f), (h) and (l) of Regulation (EU) 2023/1114.
• Competent authorities that are members under point (l) must provide EBA with the information necessary to assess their continued qualification, upon request and without undue delay.