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ARTICLE · 16 FEBRUARY 2024

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The Central Bank of Ireland ("Central Bank") has published its PCF Annual Confirmation GuidanceOpens in new window ("Guidance").

IrelandFinance and Banking
Matheson LLP
Matheson LLP
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1. Central Bank publishes its PCF Annual Confirmation Guidance

The Central Bank of Ireland ("Central Bank") has published its PCF Annual Confirmation Guidance ("Guidance"). The Guidance is directed at regulated financial service providers ("RFSPs") and certain holding companies ("Firms") and provides guidance on the submission of Annual Pre-approval Control Functions ("PCF") Confirmation submissions through the Central Bank's portal.

The Annual PCF Confirmation submission requires Firms to confirm, on behalf of each active PCF holder within the Firm, their compliance with the Fitness and Probity ("F&P") standards and that they continue to agree to abide by these standards. The Annual PCF Confirmation must be submitted through the Central Bank's Portal, and the Central Bank advises that:

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