The supervisory organisation and the persons responsible for its management must provide a guarantee of irreproachable business conduct.
Moreover, the persons responsible for administration and management must enjoy a good reputation and have the specialist qualifications required for their functions.
A majority of the persons charged with administration must be independent of the supervised persons and entities.
The members of the management board must be independent of the persons and entities supervised by the supervisory organisation.
The persons entrusted with supervision must be independent of the persons and entities they supervise. The tasks of a supervisory organisation under this Act and those of a self-regulatory organisation under AMLA1may be managed by the same persons and carried out by the same staff.