Irish Financial Services Regulatory
Fitness & Probity / Senior Executive Accountability Regime
Our Financial Services Regulatory group in Ireland comprises of leading lawyers and experienced industry professionals with a wealth of experience in advising clients on regulatory requirements and how to manage regulatory risk within their business. Our highly technical team deliver pragmatic and solutions-focused advice to our clients.
- Irish Financial Services Regulatory
- Authorisations and Change of Business
- Fintech
- Corporate Governance, Remuneration and Outsourcing
- Advisory and Assurance
- Compliance Universes and Frameworks and Procedures
- Anti-Money Laundering & Countering the Financing of Terrorism
- Regulatory Engagement and Enforcement
- Sustainable Finance
Fitness & Probity / Senior Executive Accountability Regime
- Drafting appointment letters and contractual documentation for key function holders
- Advising on the appointment and removal of those in “Pre-Approval Controlled Functions” (“PCF”)
- Assisting firms seeking approval of candidates to new PCF roles and engagement with the Central Bank
- Scoping “Controlled Function” roles and identifying key staff
- Mock PCF interviews to prepare for interviews with the Central Bank
- Developing Fitness and Probity frameworks which meet Central Bank expectations, including Dear CEO Letters
- Designing an implementation framework for the proposed Individual Accountability Framework which will include a new Senior Executive Accountability Regime
- Advising on issues relating to Fitness and Probity and working alongside Employment colleagues to find solutions to resolve issues which arise
Related Contacts
KNOWLEDGE
- ESMA Report on MiFID II Marketing Requirements 19 June 2024
- AI: Risk and Regulatory Considerations for Irish Regulated Firms 29 April 2024
- Central Bank Focus Areas for E-money and Payment Firm Applications 23 April 2024
- EMIR REFIT - Impact on Irish Investment Funds 11 April 2024
- DORA - Six Key Action Points for Firms 04 April 2024
- Central Bank Fintech Supervisory Priorities 2024 06 March 2024
- Regulatory Focus on Undue Costs in UCITS and AIFs 12 February 2024
- Central Bank of Ireland Letter on 2022 ESMA Common Supervisory Action on Asset Valuation 16 January 2024
- IAF Update: Finalised Guidance Published Ahead of Year-End Introduction of New Framework 24 November 2023
- CP156: CBI to Revamp its Financial Services and Fintech Innovation Framework 22 November 2023