Regulatory Alerts2025-11-24
The Fitness and Probity Standards 2025
The Central Bank of Ireland issued the Fitness and Probity Standards 2025 to consolidate previous regulations and establish mandatory conduct requirements for persons performing controlled functions in regulated financial service providers and holding companies. The standards require individuals to be competent and capable, honest and ethical, and financially sound, while prohibiting those with specific disciplinary histories, criminal convictions, or financial insolvencies from holding such roles. Regulated entities must ensure compliance with these standards and may face refusal of approval, investigations, or prohibition notices for non-compliance.
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