Central Bank of Ireland publishes Supplemental Guidance on Prohibition Notices under the Fitness and Probity Regime

30 July 2026 Press Release

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Central Bank of Ireland has today published its Supplemental Guidance on Prohibition Notices under the Fitness and Probity Regime (PDF 312.77KB), and a related Feedback Statement on Consultation Paper 166 (PDF 472.08KB).

The Consultation (PDF 441.26KB), which closed on 25 March 2026, received eight submissions from representative bodies and individuals. The Central Bank’s stakeholder webinar on the topic held during the course of the consultation was positively received by its 150 attendees.

The Supplemental Guidance sets out the circumstances that a decision maker will consider when determining the nature, scope and duration of a prohibition – a measure that forbids a person from performing a controlled function in a regulated financial firm in order to protect users of financial services and the financial system itself.

Following careful consideration of the feedback received, the Central Bank has made targeted amendments to the Supplemental Guidance. These changes address some of the topics raised in feedback, including the circumstances relevant to prohibition and the publication of Prohibition Notices.

Deputy Governor Colm Kincaid said: "We welcome the constructive feedback received from our stakeholders during this consultation, which has helped us to refine our Guidance. The finalised Supplemental Guidance provides clarity on the circumstances relevant to prohibition decisions and our procedures in this important area, while maintaining the flexibility necessary to consider the unique circumstances of each case.

This Guidance supplements our Main Guidance on Fitness and Probity Investigations, Suspensions and Prohibitions. That Main Guidance is currently under review, and in due course, the documents will be integrated. This is being done in conjunction with our wider implementation of the findings of a recent High Court judgment that relates to our fitness and probity enforcement procedures more generally.”