Communications and Publications
Find out how regulated firms should manage Pre-approval Controlled Functions (PCFs) vacancies at this time
Announcements
August 2023
Fitness and Probity Interview Guide | pdf 546 KB
March 2023
Changes to the Fitness & Probity application process
As previously communicated, the Central Bank of Ireland Portal will be enhanced to facilitate the submission of applications to become a holder of a Pre-Approval Controlled function. Individual Questionnaires will no longer be submitted via the Online Reporting System (ONR), but will instead be submitted via the Central Bank Portal. These changes are planned to go live on Monday 24 April 2023 and will provide applicants with an enhanced process for submitting applications. We will issue a further communication on 24 April to confirm that the system is operational.
The following documents are available to help regulated financial services providers prepare for the new system:
Overview of new F&P IT system | pdf 459 KB
New Fitness and Probity Individual Questionnaire | pdf 961 KB
Fitness and Probity Individual Questionnaire Application – Draft Guidance | pdf 1482 KB
If you are not already a Portal user, you should register now. View Guidance on how to do this.
May 2022
Further to the Amending Regulations and related Feedback Statement published on 5th April 2022:
The In-Situ Returns process opens on ONR from Wednesday 18 May for a six week period. All firms are to use the below file to submit their returns. Closing date is 30 June 2022.
PCF In-Situ Return File to be used when submitting PCF In-Situ Return 2022 Regulations
Guidance on PCF In-Situ Return 2022
April 2022
Further to the Notice of Intention issued in September 2021, the Central Bank of Ireland is:
- Splitting the existing PCF-2 Non-executive director into PCF-2A Non-executive director and PCF2-B Independent non-executive director (under the ‘General’ category);
- Amending the titles of the roles which relate to the chairing of a board or committee i.e. PCF-3 – PCF-7 (under the ‘General’ category);
- Expanding PCF-16 Branch Manager of branches in other EEA countries to include branch managers in non-EEA countries (under the ‘General’ category);
- Removing PCF-31 Head of Investment (under the ‘Investment Firms’ category); and
- Removing the existing PCF-15 Head of Compliance with responsibility for Anti-Money Laundering and Counter Terrorist Financing Legislation and introducing PCF-52 Head of Anti-Money Laundering and Counter Terrorist Financing Compliance (under the ‘General’ category).
Read the related Feedback Statement and the Amending Regulations published on 5th April 2022.
September 2021
Notice of Intention - Amendments to the List of Pre-Approval Controlled Functions (PCFs) | pdf 664 KB
November 2020
Dear CEO Letter - Thematic Inspections of Compliance with Obligations under the Fitness and Probity Regime | pdf 157 KB
October 2020
Further to the Notice of Intention issued in February 2020, the Central Bank of Ireland is:
- Introduced:
- Chief Information Officer (under the ‘General’ category)
- Head of Material Business Line (under the ‘Banking’ category)
- Head of Market Risk (under the ‘Banking’ category)
- Split PCF-39 Designated Person into six PCF roles aligned to the specific managerial functions.
Read the related Frequently Asked Questions and the Amending Regulations 2020 published on 9 October 2020.
Additions to the List of Pre-approval Controlled Functions - October 2020 | pdf 891 KB
February 2020
Notice of Intention - Additions to the list of PCFs February 2020 | pdf 862 KB
Consultations and Reports
Legal Notices