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ARTICLE · 04 APRIL 2025

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SEAR Compliance: What Happens Next?

Arthur Cox
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There are now just three months to go until the Senior Executive Accountability Regime (SEAR) under the Central Bank of Ireland's Individual Accountability Framework (IAF) will apply to non-executive directors.

IrelandInsurance
Denise Murray
Denise Murray
Sarah Thompson
Sarah Thompson
Robert Cain
Robert Cain
Stephen D'Ardis
Stephen D'Ardis
Ciaran Flynn
Ciaran Flynn
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There are now just three months to go until the Senior Executive Accountability Regime (SEAR) under the Central Bank of Ireland's Individual Accountability Framework (IAF) will apply to non-executive directors and independent non-executive directors ((I)NEDs) of relevant credit institutions, insurance undertakings and investment firms (in-scope entities). SEAR obligations have applied to all other executives since mid-2024. In advance of SEAR coming into force for (I)NEDs from 1 July 2025, in-scope entities must revisit their existing SEAR arrangements. Our experienced, multidisciplinary team is focused on guiding clients through the implementation of these final SEAR requirements.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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