Share on LinkedInShare on LinkedIn

PODCAST · 30 NOVEMBER 2022

Ep 3 Enhanced Fitness And Probity Regime (Podcast)

William Fry LLP
William Fry LLP
Contributor
William Fry LLP

William Fry LLP

William Fry advises leading Irish and international companies, covering both the public and private...

View firm profile
Explore more from William Fry LLP

In the third episode of the William Fry Financial Regulation Unit podcast series, titled "Enhanced Fitness and Probity Regime", Knowledge Lawyer Jane Balfe is joined by Louise Harrison...

IrelandFinance and Banking
Louise Harrison
Louise Harrison
Author LinkedIn connections

In the third episode of the William Fry  Financial Regulation Unit podcast series, titled "Enhanced Fitness and Probity Regime", Knowledge Lawyer Jane Balfe is joined by Louise Harrison, an Employment Law Partner at William Fry, to talk about enhancements to the current fitness and probity regime under the Central Bank's forthcoming Individual Accountability Framework. 

selfWilliam Fry LLP · Ep 3 - Enhanced Fitness and Probity Regime

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Read more about

Related Comparative Guides

See more popular content from

Article

Fitness And Probity Thematic Assessment: What MiFID Firms Need To Know

The Central Bank of Ireland's thematic assessment of the Fitness and Probity regime within the MiFID investment firm sector reveals critical gaps in governance documentation and evidence. Firms are struggling to demonstrate adequate due diligence processes, policy implementation, and Management Responsibility Map compliance. Can your organization withstand regulatory scrutiny of its F&P framework?
IrelandFinance and Banking
Matheson
Matheson
Article

Dechert Responds To Ireland’s Public Consultation On Reform Of The Limited Partnership Framework

Dechert's submission to Ireland's Department of Enterprise, Tourism and Employment advocates for comprehensive reform of the Limited Partnerships Act 1907, proposing removal of the 20-partner limit, introduction of a statutory whitelist of permitted activities, and full recognition of the commitment and drawdown capital model to modernize Ireland's private fund structures and enhance competitiveness with global jurisdictions.
WorldwideFinance and Banking
Dechert
Dechert
Article

Changes To MiFID Order Execution Policies

Commission Delegated Regulation (EU) 2026/825 introduces sweeping changes to MiFID order execution requirements, shifting from public disclosure to robust internal governance. Investment firms face enhanced obligations around execution venue selection, continuous quality monitoring using objective market data, and comprehensive documentation of routing decisions. How will firms adapt their execution frameworks to meet these data-driven standards by the February 2028 deadline?
IrelandFinance and Banking
Dillon Eustace
Dillon Eustace
Article

Fitness And Probity In Focus: Central Bank Sets Out Expectations For MiFID Firms

The Central Bank of Ireland has published its assessment of how MiFID investment firms implement the Fitness and Probity regime, revealing significant gaps in due diligence processes and documentation practices. While many firms demonstrated strong policies, a notable cohort failed to effectively apply requirements in practice, particularly around onboarding and annual certification. The assessment provides clear expectations for firms to strengthen their governance frameworks and embed the Individual Accou
IrelandFinance and Banking
Arthur Cox
Arthur Cox
Article

FIG Top 5 At 5 – 06/08/2026

The Central Bank of Ireland has issued comprehensive guidance on prohibition notices under its fitness and probity regime, while simultaneously releasing its second payment and e-money newsletter addressing critical compliance matters. These publications coincide with the second edition of the Financial Crime Bulletin, which emphasizes escalating fraud risks and the evolving AML/CFT supervisory framework across Ireland's financial services sector.
IrelandFinance and Banking
Matheson
Matheson
Article

Ireland For Finance 2030: Sector Priorities For Aviation, Insurance, Banking And Structured Finance

Ireland launches its ambitious 2026-2030 financial services strategy, outlining 31 key actions and 36 performance indicators designed to strengthen the country's position as a global international financial services centre. The strategy focuses on maintaining competitiveness, scaling capacity, leveraging digital transformation, and developing stronger links with domestic businesses across aviation finance, insurance, banking, and capital markets sectors.
IrelandFinance and Banking
Arthur Cox
Arthur Cox
Article

Employment (Contractual Retirement Ages) Act 2025: Key Pensions Considerations

Under this Act, if an employee has an employment contract with a mandatory retirement age that is lower than the State pension age (currently 66) (State Pension Age), the employee has the right to notify their employer that they do not consent to retire at that earlier age. The Workplace Relations Commission (WRC) has also updated its Code of Practice on Longer Working (Code) to reflect what employers and employees need to do under the Act.
IrelandEmployment and HR
William Fry LLP
William Fry LLP
Article

New Winding-Up Powers For The Central Bank Of Ireland: What Irish (Re)Insurers Need To Know

The Insurance (Disregard of Certain Medical History and Miscellaneous Provisions) Act 2026 introduces sweeping changes to the Central Bank of Ireland's regulatory powers over insurers and reinsurers. Beyond the widely discussed "right to be forgotten" provisions for cancer survivors seeking mortgage protection, the legislation fundamentally expands the grounds on which the Central Bank can petition for winding-up orders and extends these powers to cover reinsurers for the first time.
IrelandInsurance
William Fry LLP
William Fry LLP
Article

High Court Clarifies “Practical Benefit” Test In Aviation Enforcement Case

The Irish High Court has ruled on whether a foreign judgment creditor can invoke Irish courts to recognize and enforce an overseas judgment, examining whether rights under aircraft leasing arrangements—including maintenance reserve reimbursement rights, lease deposits, and interests in Irish aviation structures—constitute assets for jurisdictional purposes.
IrelandLitigation, Mediation & Arbitration
William Fry LLP
William Fry LLP
Article

New Developments In Norwich Pharmacal Jurisdiction

The Irish High Court has expanded the scope of Norwich Pharmacal Orders beyond traditional litigation contexts, ruling that RTÉ must disclose unedited undercover footage from nursing homes to support a regulatory investigation. This landmark decision addresses critical questions about when courts can compel third parties to provide information, the boundaries of journalistic material disclosure, and how privacy rights balance against urgent public interest in regulatory enforcement.
IrelandLitigation, Mediation & Arbitration
William Fry LLP
William Fry LLP
Article

International Restructuring Through Ireland – Examinership

Ireland's examinership process provides a unique corporate rescue mechanism for international restructuring, offering automatic EU recognition, worldwide creditor moratorium, and cross-class cram down capabilities. This comprehensive guide examines how non-Irish companies can leverage examinership for complex cross-border restructurings, featuring case studies of major transactions including Norwegian Air, Mallinckrodt plc, and Weatherford, with comparative analysis against UK and US restructuring framework
IrelandInsolvency/Bankruptcy/Re-Structuring
William Fry LLP
William Fry LLP
Video

Video: Protected Disclosures In Ireland – Episode 5

When a worker raises a protected disclosure in Ireland, employers must follow specific legal procedures under the Protected Disclosures Act 2014. This video outlines the critical steps organisations need to take, from establishing internal reporting channels to conducting proper investigations and avoiding criminal offences. Understanding these requirements is essential for maintaining compliance and protecting both whistleblowers and the organisation.
IrelandEmployment and HR
William Fry LLP
William Fry LLP
Podcast

Podcast: Inside The AI Act: Barry Scannell And John O’Connor On The Transparency Obligations

As the EU AI Act's Article 50 transparency obligations approach their 2 August 2026 enforcement date, organizations face critical requirements to disclose AI interactions, label deepfakes, and mark synthetic content. This session examines the practical implications of these transparency mandates, drawing on the European Commission's recently published Guidelines and Code of Practice to help stakeholders prepare for compliance.
IrelandTechnology
William Fry LLP
William Fry LLP