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ARTICLE · 30 OCTOBER 2015

Central Bank Update - October 2015

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As part of the preparation for Solvency II implementation, the domestic Fitness and Probity Regime was reviewed in order to determine compatibility with Solvency II.

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Sharon Daly
Sharon Daly
Darren Maher
Darren Maher
April McClements
April McClements
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There have been a number of recent developments relating to the regulation of insurance undertakings by the Central Bank of Ireland (the "Central Bank").

Fitness and Probity Regime for (re)insurance undertakings under Solvency II - Policy Notice October 2015

The Central Bank has published a Policy Notice outlining the changes that will be made to the Fitness and Probity Regime for all (re)insurance undertakings subject to the Solvency II requirements and the requirements of the Domestic Actuarial Regime and Related Governance Requirements under Solvency II.

As part of the preparation for Solvency II implementation, the domestic Fitness and Probity Regime was reviewed in order to determine compatibility with Solvency II. The changes that will be made to the Fitness and Probity Regime include:

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