European Commission 12 September 2025, Commission Delegated Regulation (EU) 2025/2180 of 12 September 2025 supplementing Regulation (EU) 2023/2631 of the European Parliament and of the Council with regard to regulatory technical standards specifying the conditions for the registration of external reviewers, the criteria for assessing the sound and prudent management of external reviewers, the appropriateness of the knowledge, experience and training of the external reviewers’ employees, and the conditions under which external reviewers can outsource their assessment activities

Also known as

European Union · · · Cited by 2 · 12-09-2025

Article 1. Criteria to determine sufficiently good repute of senior management and the members of the board of an applicant external reviewer
Article 2. Criteria to determine sufficient skill, professional qualifications and relevant experience of senior management and the members of the board of the applicant external reviewer
Article 3. Criteria to determine the sufficient number of analysts, employees and other persons directly involved in assessment activities
Article 4. Criteria to determine the sufficient level of knowledge, experience and training of analysts, employees and other persons directly involved in assessment activities
Article 5. Criteria for assessing sound and prudent management by external reviewers
Article 6. Criteria for assessing the management of conflicts of interest
Article 7. Criteria for assessing the ability and capacity of third-party service providers to perform assessment activities
Article 8. Criteria for ensuring that outsourcing assessment activities does not materially impair the quality of the internal control of the external reviewer
Article 9. Criteria for ensuring that outsourcing assessment activities does not materially impair ESMA’s ability to supervise compliance of external reviewers
Article 10. Evaluation of criteria of outsourcing of assessment activities
Article 11. Entry into force

Official Journal
of the European Union

L series

2025/2180

30.12.2025

COMMISSION DELEGATED REGULATION (EU) 2025/2180

of 12 September 2025

supplementing Regulation (EU) 2023/2631 of the European Parliament and of the Council with regard to regulatory technical standards specifying the conditions for the registration of external reviewers, the criteria for

Read the full text

This document is published by eur-lex.europa.eu.

Moonlit adds the citation network (2 references), article-level links and cross-references, which are available to search for free.