FinanceDublin.com - Central Bank F&P overhaul to result in more assessment interviews for PCF roles

The Central Bank’s decision to implement the recommendations of the independent review of its F&P regime will provide greater transparency and clarity for firms and applicants on the Central Bank’s approval process and will be very welcomed by industry, writes Pinsent Masons’ Conor Durkin. Professionals should expect clearer guidance on the number of PCFs roles that an individual may hold while funds industry executives can expect the CBI to carry out more assessment interviews.

The Central Bank recently confirmed that it intends to implement all the recommendations of the independent review into the Central Bank’s operation of the Fitness & Probity Regime (F&P Regime). The background to the review is the decision of the Irish Financial Services Appeals Tribunals (IFSAT) in the AB case, which found that the Central Bank breached constitutional and natural justice requirements in assessing an individual’s application for approval for two senior roles (pre-a....

To continue, please log in

The Latest Issue

Order a subscription to Finance Dublin

For details on pricing options and subscription benefits please click here.

Take out a subscription - I would like to take out a subscription, enabling me to gain immediate access to the site and this month's edition.

Without your explicit permission FinanceDublin.com will never share any of your information (including your e-mail address). Your information is collected in accordance with our Privacy Policy.

If you have any questions, please contact us.