The FCA states the criterion used to assess whether a firms meet the Threshold Conditions and how individuals are assessed to be fit and proper

The Commission has published a report addressed to the Council and to the European Parliament and provides an overview of the current state of preparedness of the EU financial sector, building on continued discussions with ECB, the ESAs, ESRB, SRB, Member States and the financial services industry.  It concludes that the the development of the Savings and Investments Union and the introduction of the digital euro is expected to improve the overall resilience of the EU financial sector and to further improve its level of preparedness.