This week’s edition of the FIG Top 5 at 5
1. Central Bank of Ireland Updates: (1) Governor of the Central Bank signs Central Bank Reform Act 2010 (Sections 20 And 22) (Amendment) Regulations 2026 – PCF Regulations (2) Central Bank issues sole trader to single director company guidance and publishes industry notice on new authorisation process
1. Governor of the Central Bank signs Central Bank Reform Act 2010 (Sections 20 And 22) (Amendment) Regulations 2026 – PCF Regulations
On 28 January 2026, the Governor of the Central Bank of Ireland (“Central Bank”) signed the Central Bank Reform Act 2010 (sections 20 And 22) (Amendment) Regulations 2026 (“PCF Regulations”).
As set out by the Central Bank, in its feedback statement (“Feedback Statement”) to its consultation on amendments to the fitness and probity regime (“CP160”), some changes were to be made to the pre-approval controlled functions (“PCF”) list identified in CP160. The changes have now been effected by the signing of the
