AUTHORs:
Tara Doyle, Michael Jackson, Dualta Counihan, Shay Lydon, Philip Lovegrove, Liam Collins, Elizabeth Grace, Oisin McClenaghan, Michelle Ridge, Barry O'Connor, Donal O'Byrne, Catriona Cole
co-author(s):
Bronagh Maher
Services:
Asset Management and Investment Funds
DATE:
27/09/2021
On 22 September 2021, the Central Bank of Ireland (“Central Bank”) published a notice of intention in relation to amendments to the list of pre-approval controlled functions (“PCFs”). The proposed amendments to the list of PCFs are set out in the table below, together with the in-situ process for the relevant role. Individuals in-situ in existing PCFs on the date the amended regulations introducing these changes come into effect will not be required to seek the approval of the Central Bank to continue to perform one (or more, in the case of current PCF-15 holders) of the amended PCFs. Read more here.