The Central Bank of Ireland (Central Bank) has issued a performance report on the Fitness & Probity Service Standards for the January to June period. The report gives details of the Central Bank's performance against the Service Standards for the processing of Individual Questionnaires in respect of persons proposed to hold Pre-Approval Controlled Functions (PCFs) within regulated financial service providers. All targets were achieved.
The Central Bank has also issued its new regulatory transactions review (previously called the the IQ Bulletin)
In particular, the review looks at new functionality to allow firms to view PCF information and to notify changes to details of PCFs, a new PCF resignation return and a new annual PCF confirmation return.