On 29 May 2018, the European Central Bank (ECB) updated its guide to fit and proper assessments so that it is in line with the guidelines on suitability that have been jointly published by the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA).

The guide does not replace guidance provided by the joint EBA and ESMA guidelines on suitability or the EBA guidelines on internal governance. The guide provides explanations on the processes conducted by the ECB and specifies the ECB’s main expectations when conducting sound and consistent suitability assessments.