Regulatory Alerts2016-12-20
Guidelines on the Compliance Statement in accordance with Section 26 of the Corporate Governance Requirements for Credit Institutions 2015
The Central Bank of Ireland issued these guidelines to assist credit institutions and directors in preparing the annual Compliance Statement required by Section 26 of the Corporate Governance Requirements for Credit Institutions 2015. The document mandates that institutions report on their compliance status, disclose any material deviations with remedial actions, and submit the statement to their examiner alongside the annual report. It further details operational requirements including the retention of supporting documentation for six years, the confidentiality of submissions, and the specific obligations for board and sub-committee governance structures.
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