On 20 November 2024, the European Supervisory Authorities (ESAs) published a final report on joint guidelines on the system established by the ESAs 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.

On 17 February 2025, the joint guidelines were published in the official EU languages. Member State competent authorities must notify the respective ESA whether they comply or intend to comply with the joint guidelines, or otherwise with reasons for non-compliance, by 17 April 2025 (two months after the publication of translations of the final joint guidelines in all official EU languages).