Enforcement of Fitness and Probity Regime as contained in the Central Bank Reform Act 2010


From 1 December 2011 all persons occupying a pre-approvalcontrolled function (“PCF”) in a regulated financial service provider (other than credit unions) have been subject to the fitness and probity standards (the “Standards”) issued by the Central Bank of Ireland (the “Central Bank”) and the enforcement procedures as contained in Part III of the Central Bank Reform Act 2010 (“the Act”).
For further information on this subject from our Financial Regulatory Group please see: Central Bank of Ireland’s Fit and Proper Regime and new Minimum Competency Code

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