The Central Bank has published a Consultation on Authorisation of Regulated Firms, Funds and Intermediaries: Process Improvements and Service Standards (“CP 67”). The purpose of CP 67 is to seek feedback on proposed target turnaround times for processing applications from firms who wish to become authorised to provide financial services. The paper describes the programme of work conducted by the Central Bank to improve the authorisation process applied to firms, funds and intermediaries in order to improve efficiency and timeliness of response, while maintaining rigorous assessment of new applicants. The paper also outlines the proposed new service standards for authorisation activities across a variety of sectors and the proposed dates for their introduction.

Comments on CP 67 are invited from interested parties before 28 October 2013.

Please click here to view the consultation paper in full.