These Regulations amend the Central Bank Reform Act 2010 (Sections 20 and 22) Regulations 2011 (S.I. No 437 of 2011) by replacing the list of Pre-Approval Controlled Functions in Schedule 2. Under the Regulations, the roles of Chief Actuary and Signing Actuary have been removed from the list and a new PCF role of Head of Actuarial Function is introduced. The amendments take effect from 1 January 2016. The Central Bank has issued Guidance in relation to these recent amendments to the Fitness and Probity regime which is reported on below.

A link to the Regulations is here.