11th April 2019

Central Bank of Ireland publishes “Dear CEO” letter related to the Fitness & Probity Regime.

On 8 April 2019, the Central Bank of Ireland (“CBI”) published a “Dear CEO Letter” addressing the obligations of regulated financial services providers under the Fitness and Probity Regime (the “F&P Regime”) which became effective in 2012 under the Central Bank Reform Act 2010 (the “2010 Act”). The CBI notes a lack of general awareness amongst firms of their obligations under the F&P Regime and highlights particular areas where compliance has been found to be lacking. Click here to read the CBI letter.