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ARTICLE · 16 APRIL 2012

Central Bank And Controlled Functions

Matheson
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The Central Bank has issued a reminder of the requirement to comply with due diligence provisions regarding certain positions in regulated entities by 31 March 2012.

IrelandFinance and Banking
Matheson Banking And Financial Services Group
Matheson Banking And Financial Services Group
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The Central Bank has issued a reminder of the requirement to comply with due diligence provisions regarding certain positions in regulated entities by 31 March 2012.

Regulated entities are required to confirm compliance in relation to all persons carrying out Pre-Approval Controlled Functions (PCFs) who were doing so as at 1 December 2011.

To assist the process, the Bank has published Guidance - In Situ Pre-Approval Controlled Functions: Confirmation of Due Diligence undertaken

The Central Bank Reform Act 2010 provides the Central Bank with a range of powers regarding fitness and probity for persons in certain positions within the financial services sector. The Bank is empowered to:

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