Regulated Financial Service Providers other than credit unions;

The Fitness and Probity Regime applies to persons in senior positions, known as Controlled Functions (CFs) and Pre-Approval Controlled Functions (PCFs), within Regulated Financial Service Providers (RFSPs).

There are currently eleven prescribed CFs and 46 PCFs for RFSPs other than credit unions.

List of 11 Controlled Functions | pdf 46 KB List of 46 Pre-approval Controlled Functions | pdf 203 KB

Regulations designating CFs and PCFs:

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

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

Amending Regulations 2014 (S.I. No. 394 of 2014)

Amending Regulations 2015 (S.I. No. 545 of 2015)

Statutory Codes:

Minimum Competency Code 2011 Fitness and Probity Standards 2014 | pdf 762 KB Guidance on Fitness and Probity standards 2018 | pdf 988 KB Fitness and Probity - Frequently Asked Questions 2018 | pdf 1115 KB