Fitness and Probity News

Dear CEO Letter - Thematic Inspections of Compliance with Obligations under the Fitness and Probity Regime | pdf 157 KB Further to the Notice of Intention issued in February 2020, the Central Bank of Ireland is;
  1. Introducing three new Pre-Approval Controlled Functions (PCFs):
    1. Chief Information Officer (under the ‘General’ category);
    2. Head of Material Business Line (under the ‘Banking’ category);
    3. Head of Market Risk (under the ‘Banking’ category);
  2. Splitting PCF-39 Designated Person into six PCF roles aligned to the specific managerial functions.

The related Frequently Asked Questions and the Amending Regulations 2020 were published on 9 October 2020 and can be accessed here.

Notice of Intention - Additions to the list of PCFs February 2020 | pdf 862 KB Additions to the List of Pre-approval Controlled Functions - October 2020 | pdf 891 KB Guidance for Fund Management Companies: In Situ Process for the split of Pre-Approval Controlled Function (PCF-39 Designated Person) into six roles – October 2020 | pdf 1453 KB File to use when submitting PCF39 In situ return (CCCCC_YYYYMMDD_IQA.xlsx) | xls 2842 KB

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