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ARTICLE · 22 FEBRUARY 2024

IAF Fitness & Probity Reforms

William Fry LLP
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Except for the SEAR regulations, which are not yet signed, the IAF regulations and related documents have been published on a piecemeal basis between December 2023 and January 2024.

IrelandFinance and Banking
Shane Kelleher
Shane Kelleher
Louise Harrison
Louise Harrison
Hilary Rogers
Hilary Rogers
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The Central Bank Individual Accountability Framework (IAF), which (except for the Senior Executive Accountability Regime (SEAR)) came into effect on 29 December 2023, has reformed the Central Bank Fitness and Probity (F&P) regime.

Except for the SEAR regulations, which are not yet signed, the IAF regulations and related documents have been published on a piecemeal basis between December 2023 and January 2024. Our Financial Regulation team provide an overview of the new IAF regulations and Central Bank documentation below.

Quick Guide

Short name Reference Effective date / Updated Link
PCF Regulations Central Bank Reform Act 2010 (Sections 20 and 22) (Amendment) Regulations 2023 (S.I. No. 663 of 2023)

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