In February, we published a follow up to the EBA 2021 peer review report on the application of the Joint ESAs Guidelines on the prudential assessment of the acquisition of qualifying holdings. The review assesses the adequacy and effectiveness of the actions undertaken by the competent authorities subject to the previous review and finds good progress in remedying the deficiencies identified in 2021. All competent authorities have taken the need to respond to the assessment of the initial peer review seriously and most have adopted measures to remedy the deficiencies identified. We noted particular improvements in relation to the steps competent authorities have taken to identify and act upon suspicion of ML/TF.