On 5 June 2024, the Central Bank of Ireland (Central Bank) published a new guidance document outlining practical guidance on the application process for individuals proposed to hold pre-approval controlled functions.
The guidance applies to regulated financial service providers and in-scope holding companies. It sets out information on the technical aspects of submitting applications via the Central Bank’s IMAS portal, including information regarding access to, and tips for navigating, the portal. Guidance on how to answer certain questions in the Individual Questionnaire is also provided. A useful glossary of terms used within the IMAS portal is set out in section 8 of the guidance document.
For further information on the guidance document or any fitness and probity matters, please contact Dario Dagostino, Partner, Mark Devane, Partner, Patrick Brandt, Partner, James Grennan, Partner, Chris Bergin, Partner, Noeleen Meehan, Partner, Sarah Lee, Senior Knowledge Lawyer or your usual contact.
