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ARTICLE · 12 OCTOBER 2021

New Pre-Approval Controlled Functions (PCFs) Planned By The Central Bank

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The Central Bank of Ireland ("CBI") has published a Notice of Intention document which signals its intention to make a number of amendments to the list of PCF roles.

IrelandGovernment, Public Sector
RDJ LLP
RDJ LLP
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The Central Bank of Ireland ("CBI") has published a Notice of Intention document which signals its intention to make a number of amendments to the list of PCF roles. This latest Notice of Intention follows on from the publication last June of the Fitness and Probity Interview Guide and the decision in October 2020 to introduce three new PCFs roles (Chief Information Officer and two banking specific roles: Head of Material Business Line, and also Head of Market Risk). 

We now briefly consider the changes that are being proposed by the CBI in its current Notice of Intention document. 

Branch managers of branches outside Ireland (of Irish Regulated Financial Service Providers)

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