Fitness & Probity

Fitness & Probity (inc. MCC/IAF/SEAR)

The Central Bank of Ireland's Fitness and Probity requirements continue to evolve including amendments to Minimum Competency Code (MCC), and the introduction of the Individual Accountability Framework (IAF) and the Senior Executive Accountability Regime (SEAR). In particular, in 2023, IAF introduced requirements for controlled functions to undertake conduct standards training with an effective date of 29th December and the Senior Executive Accountability Regime became effective from 1st July 2024. It is important that all regulated entities have robust Fitness and Probity frameworks in place.

This half day course covers all of the above. It is designed to assist relevant personnel in establishing, improving and implementing processes that effectively address the fitness and probity requirements of the Central Bank of Ireland.

Topics Covered:

• Sources of Obligations

• The Fitness and Probity Requirement

• Controlled Functions and PCF’s

• The Fitness and Probity Standards

• Individual Accountability Framework

• Common Conduct Standards

• Additional Conduct Standards

• Business Conduct Standards (& the CPC Review)

• SEAR

• Mapping Roles and Responsibilities

• Inherent and Prescribed Responsibilities

• The Minimum Competency Code and Regulations

• Qualifications

• CPD

• Practical Compliance

Who should attend:

This module is primarily designed for Financial Services personnel to comply with Fitness and Probity requirements as set by the Central Bank of Ireland.

It is recommended for Individual Intermediaries / Brokers, Principals / Directors, PCF Role Holders, Compliance and Risk officers, HR personnel, company secretaries, and others.

CPD:

Accredited with the Institute of Bankers, Insurance Institute of Ireland and the LIA. Approval for other bodies can be obtained on request.

Cost: €375 per person.

Location: Webinar

If you require further information please don't hesitate to contact us at:

[email protected]

+353 (0)1 539 4884.

Host or Publisher RegSol Ireland