9.1 The Chief Executive Officer [The term Chief Executive Officer encompasses other titles in this regard such as General Manager, Managing Director, President etc.] ('CEO') is the top executive responsible for the credit institution with ultimate executive responsibility for the credit institution's operations, compliance and performance. The CEO serves as the main link between the board and the executive. The board shall appoint a CEO.

9.2 The CEO shall not hold the position of CEO of more than one financial institution at any one time and this obligation also prohibits the holding of the position of CEO of a financial institution authorised outside of the State at the same time as the holding of the position of CEO of a credit institution, to whom these Requirements apply. However, in the case of credit institutions which are designated as Medium-Low or Low Impact institutions, the CEO may also hold up to two additional positions as CEO of a financial institution simultaneously provided each institution is also designated as a Medium-Low or Low Impact institution and the CEO has sufficient time available to fulfil his or her role and function as the CEO of each institution. The prior approval of the Central Bank shall be obtained prior to the CEO assuming any such additional roles.