Regulatory Requirements and Guidance 

Legislation

Act

Part 3 of the Central Bank Reform Act, 2010

Regulations and Codes

 Principal Regulations 2011 (S.I. No. 437 of 2011)

 Amending Regulations 2011 (S.I. No.615 of 2011)

 Central Bank Reform Act 2010 (Procedures Governing the Conduct of Investigations) Regulations 2012

 Fitness and Probity Standards 

 List of Pre-Approval Controlled Functions

 List of Controlled Functions

Click here for Corporate Governance and Consumer Protection Codes

Click here for Minimum Competency Code

Guidance

 Non Statutory Guidance on Fitness and Probity Standards

Fitness and Probity Updated FAQ 28 March 13

 Individual Questionnaire Template (All Applications must be submitted online, this is a reference document)

 Online Individual Questionnaire User Manual 

 Guidance On Investigations under Part 3 of the Central Bank Reform Act 2010

Functions not covered by the Fitness and Probity Standards

The Fitness and Probity Standards do not apply to:

  • Call Centre staff - a person whose function is solely concerned with acting in accordance with a written set of instructions. However, the Minimum Competency Code 2011 will apply.
  • Inward branches / cross border service providers - Persons performing Pre-Approval Controlled Functions and / or Controlled Functions on behalf of a financial service provider authorised, licensed or registered by the competent authority of another EEA country, and which provides services in the State on a cross border or branch basis.
  • Persons who have functional responsibility at group level and who may be able to exert a significant influence over the performance of Controlled Function or Pre-Approval Controlled Function in the Irish entity.
  • Outsouring arrangements - Persons performing functions on behalf of a financial service provider, where that person is regulated by the Central Bank or a similar authority in another country and a written agreement is in place. 
Refer to section 1.5 of the Fitness and Probity Standards for more detail on these exclusions.