Banker's oath
The banker’s oath must be taken within six months after the date on which the new regime comes into force for the banking service provider or, if later, after the actual date of entry into the position. The actual date of entry into the position may, depending on the case, be fixed contractually or derive from factual circumstances.
For fit & proper persons whose appointment is subject to the prior approval of the prudential supervisor, or of the FSMA, the six-month period can only start to run once this approval has been obtained.
For banking and investment services agents operating as natural persons, this period will not begin to run until they are registered in the register of intermediaries in banking and investment services.
Banking service providers who perform functions within an Entity for less than six months are therefore not required to take the oath. This could be the case for students, trainees or temporary staff. However, they are required to comply with the individual rules of conduct from the moment they take on their duties.