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ARTICLE · 20 MAY 2020

Quick Guide: The CBI's Regulatory Toolkit – Part 2

Dillon Eustace
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This is the second in a series of four short briefings which looks at some of the key powers which the Central Bank of Ireland ("CBI") has at its disposal under the Central Bank...

IrelandFinance and Banking
Dillon Eustace
Dillon Eustace
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Part 2: Skilled Persons' Reports

This is the second in a series of four short briefings which looks at some of the key powers which the Central Bank of Ireland ("CBI") has at its disposal under the Central Bank (Supervision and Enforcement) Act 2013 (the "Act"). The powers in the Act apply to all types of regulated financial service providers, and in some cases also apply to "related undertakings" of such entities.

This briefing looks at the CBI's power to require a Skilled Person's Report to be prepared, which is set out in Part 2 of the Act. The first briefing was on directions and can be found here.

Who does the power apply to?

The CBI can require a regulated financial service provider ("RFSP") or a related undertaking of a RFSP to prepare a Skilled Person's Report.

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