1.The minimum knowledge and competence requirements for creditors’, credit intermediaries’ and appointed representatives’ staff referred to in Article 9 and for persons involved in the management of credit intermediaries or appointed representatives referred to in point (c) of Article 29(2) and Article 31(2) need to include at least:U.K.
appropriate knowledge of credit products within the scope of Article 3 and the ancillary services typically offered with them;
appropriate knowledge of the laws related to the credit agreements for consumers, in particular consumer protection;
appropriate knowledge and understanding of the immovable property purchasing process;
appropriate knowledge of security valuation;
appropriate knowledge of organisation and functioning of land registers;
appropriate knowledge of the market in the relevant Member State;
appropriate knowledge of business ethics standards;
appropriate knowledge of the consumer’s creditworthiness assessment process or where applicable, competence in assessing consumers’ creditworthiness;
appropriate level of financial and economic competency.