Division 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:

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.