The Central bank has opened consultation, CP 67 on the authorisation of regulated firms, funds and intermediaries: process improvements and service standards. The Central Bank is engaged on a programme of process re-engineering and automation designed to improve efficiency and cost effectiveness relating to authorisation and supervisory processes. CP 67 sets out
- proposed improvements to the authorisation processes applied to firms, funds and intermediaries to improve efficiency and timeliness of response (the Central Bank is moving to online applications and automated workflows),
- proposed new service standards (encompassing new target turnaround times) for authorisation activities across a variety of sectors and the proposed dates for their introduction.
Submissions are invited by 28 October, 2013.