Volvo Financial Services Spain EFC SA Suitability Evaluation Procedure Manual for Directors and Key Personnel

About this manual

This document sets out the internal procedure used by VFS Financial Services Spain, E.F.C., S.A. (Sociedad Unipersonal) to evaluate the suitability of its board members and key personnel. It develops obligations arising from Spanish banking, corporate and financial-establishment legislation and from the Bank of Spain circular on supervision and solvency.

The manual defines the persons subject to evaluation, the responsible and supporting bodies, the required suitability qualities, and the evaluation, opposition and documentation procedures. It also includes annexes with declarations, questionnaires and resolution templates. This manual is written in Spanish.

What's inside

• Introducción
• Personas y entidades sujetas al procedimiento de evaluación de idoneidad
• Órganos encargados de la función de evaluación de idoneidad
• Idoneidad de consejeros y personal clave
• Procedimiento de evaluación
• Sociedad dominante
• Archivo de la documentación
• Anexos

Frequently asked questions

Who is responsible for the suitability evaluation function?

The Board of Directors of the EFC is responsible for the suitability evaluation function.

Who supports the suitability evaluation function?

The Secretary of the Board of Directors of the EFC supports the suitability evaluation function.

Are all board members subject to the procedure?

Yes, all members who at any time make up the Board of Directors are subject to the procedure.

Who is considered key personnel under the procedure?

The General Manager of the EFC is considered key personnel.