FIG Top 5 At 5 - 25/01/2024

1. Central Bank of Ireland Updates – F&P In-Situ PCFs and MiFID Reporting

Central Bank Fitness and Probity - In-Situ Submission Guidance

On 17 January 2024, the Central Bank of Ireland ("Central Bank") published its guidance on fitness and probity ("F&P") In-Situ submissions ("Guidance"). The Guidance applies to regulated financial service providers ("RFSPs") and relevant holding companies and sets out how to submit information in respect of those in-situ pre-approval controlled function holders ("PCF") via the Central Bank's Portal ("Portal").

The In-Situ PCF rules include:

• PCF-54 Head of Material Business Lines for Insurance Undertakings;
• PCF-55 Head of Material Business Lines for Investment Firms;