Notice of Intention – Additions to the list of Pre-Approval Control Functions

Central Bank Consultation Papers of Interest

Date: 26 February 2020

The Central Bank of Ireland ("Central Bank") published a ‘Notice of Intention’ on 25 February 2020 which sets out a proposal to:

  1. Introduce 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. Split PCF-39 Designated Person into six PCF roles aligned to the specific managerial functions.

The Bank invites comments from stakeholders on this proposal. Comments should be submitted by email to no later than 26 March 2020.


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