PCFs - Compliance Ireland

The Central Bank has issued a Dear CEO letter to the management of all regulated financial services providers (“firms”) setting out its expectations for firms to take appropriate action to address the significant issues identified by thematic inspections concerning their legal obligations under the Fitness and Probity (F&P) regime. The F&P … Continued

Further to the Notice of Intention issued in February 2020, the Central Bank of Ireland is: 1. Introducing three new Pre-Approval Controlled Functions (PCFs):  Chief Information Officer (under the ‘General’ category);  Head of Material Business Line (under the ‘Banking’ category);  Head of Market Risk (under the ‘Banking’ … Continued