On 12 January 2011, the Central Bank published a revised application form for entities wishing to register as an insurance/reinsurance intermediary. The revisions focus on the applicant firm's proposals for compliance with the Central Bank's Minimum Competency Requirements. Going forward, the Central Bank will require more information on how individuals who are grandfathered or who are considered as new entrants comply with the MCR, providing appropriate back-up documents. Additionally, the revised form requires independent verification of the continuous professional development hours documented by an individual for MCR compliance. Further information may be found in the 'Required Attachments – Checklist' section of the revised form.