The ESAs publish Joint Guidelines on the system for the exchange of information relevant to fit and proper assessments

To enhance the information exchange between supervisory authorities within the European Union, also across different parts of the financial sector, the ESAs have developed an ESAs F&P Information System. The Joint Guidelines clarify its use and how data can be exchanged.

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.