Description

The Central Bank of Ireland (the “Central Bank’) has published fitness and probity (“F&P”) Standards for persons performing prescribed functions within regulated financial service providers (“RFSPs”). The term “RFSPs” includes banks, insurance companies, retail intermediaries, investment funds, MiFID investment firms, and fund service providers.

This module is aimed at Directors and other PCF role holders at RFSPs. 

 

Regulated Firms must ensure that they are aware and compliant with these ongoing obligations. 

Learning Objectives

Part 1

  • Introduction to the F&P Regime

  • Controlled Functions

Part 2

  • PCF and Director Requirements

  • Reporting Obligations

  • Controlled Function Requirements

  • RFSP Obligations

Part 3

  • The F&P Standards

Part 4

  • Central Bank of Ireland Communications

Including both the April 2019 and November 2020 Dear CEO letters from the Central Bank of Ireland

Part 5

  • CBI Enforcement

  • SEAR

Assessment

Learners will also undertake a two-part assessment where:

  1. they will be asked to make a series of confirmations that will validate their understanding of the Fitness and Probity Standards; and 

  2. they will be tested on their general understanding of the Fitness and Probity regime. 

The results of this assessment can assist individuals and RFSPs validate their annual Fitness and Probity attestations. 

Timing

This course will take approximately 1 hour to complete. 

Accreditation

Accredited for 1 CPD hour with both IOB, LIA, and The III.

Time: Approx. 1 hour 

Randomised Assessment

Bespoke Optional

CBI Fitness and Probity Regime: Director & PCF Training

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