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ARTICLE · 24 JULY 2023

FIG Top 5 At 5 - 13/07/2023

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On 7 July 2023, the Central Bank (Individual Accountability Framework) Act 2023 (Commencement of Certain Provisions) (No.2) Order 2023Opens in new window (the "Commencement Order") commencing...

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1. Central Bank (Individual Accountability Framework) Act 2023 - Updates

Commencement of the Central Bank (Individual Accountability Framework) Act 2023

On 7 July 2023, the Central Bank (Individual Accountability Framework) Act 2023 (Commencement of Certain Provisions) (No.2) Order 2023Opens in new window (the "Commencement Order") commencing the remaining sections of Central Bank (Individual Accountability Framework) Act 2023 (the "IAF Act") was published in Iris Oifigiúil .

The Commencement Order notes that sections 3 – 6 and 10 of the IAF Act, which deal with the Senior Executive Accountability Regime ("SEAR"), the conduct standards and the certification process will be commenced from 29 December 2023.

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