As part of the commitment to enhancing digitalisation and to increasing communication and transparency towards the banking industry during supervisory processes, the European Central Bank (ECB) and the national competent authorities (NCAs) launched the Information Management System Portal (the ‘IMAS Portal’) for the submission of fit and proper applications of SI banks managers in line with Articles 93 and 94 of Regulation (EU) No 468/2014 of the European Central Bank (ECB/2014/17) (the ‘SSM Framework Regulation’)[1], Article 34 of the Law on Banks of the Republic of Lithuania and Resolution No 03-181 of the Board of Lietuvos bankas of 14 November 2013 on the approval of the Guidelines for the Assessment of Members of the Management Body and Key Function Holders of Financial Market Participants Supervised by Lietuvos bankas, as well as in relation to the acquisitions of banks, pursuant to Articles 85 and 86 of the SSM Framework Regulation, Articles 24 and 25 of the Law on Banks of the Republic of Lithuania, and Resolution No 03-138 of the Board of Lietuvos bankas of 12 September 2017 on the approval of the Rules for the Submission of Notifications of the Acquisition and Disposal of a Qualifying Holding of the Authorised Capital and/or Voting Rights in Financial Market Participants under the Supervision of Lietuvos bankas.
The use of the IMAS Portal does not change the legal environment according to which the ECB and Lietuvos bankas cooperate for their interaction with supervised institutions and does not change in any way the allocation of legal responsibilities between the ECB and Lietuvos bankas. Support contact e-mail: tl.bl@troppuS_latroP.
[1] Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (ECB/2014/17) (OJ L 141, 14.5.2014, p. 1).
Click the image below to proceed to the IMAS Portal
