Introduction for Credit Institutions  

Note: The information on this page applies to some sectors only. Check the information for your sector.

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) and certain holding companies.

Prescribed CFs and PCFs for RFSPs other than credit unions are listed below.

Regulations:

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)

Amending Regulations 2020 (S.I. No 410 of 2020)

Amending Regulations 2022 (S.I. No 169 of 2022)

Amending Regulations 2023 (S.I. No 663 of 2023)

Holding Companies Regulations 2023 (S.I. No.664 of 2023)

Certification Regulation 2024 (S.I. No.2 of 2024)

Statutory Codes:

Minimum Competency Code 2011 (Note: the onus is on Regulated Financial Service Providers to determine if the Minimum Competency Code applies.)