In this Schedule, the pre-approval controlled functions listed in in column 1 shall have the same meaning as in Schedule 2 of the Central Bank Reform Act, 2010 (Sections 20 and 22) Regulations (S.I. 147 of 2011), and be construed accordingly.
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Inherent Responsibilities |
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Column 1 |
Column 2 |
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Part 1 |
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1. |
PCF1 Executive director |
Directing the business of the firm. |
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2. |
PCF2A Non-executive director |
Overseeing and monitoring the strategy and management of the firm. |
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3. |
PCF 2B Independent Non-executive director |
Overseeing and monitoring the strategy and management of the firm. |
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4. |
PCF3 Chair of the Board |
Chairing meetings of the Board, leading and overseeing its performance. |
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5. |
PCF4 Chair of the audit committee |
Chairing meetings of the audit committee, leading and overseeing the committee's performance. |
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6. |
PCF5 Chair of the risk committee |
Chairing meetings of the risk committee, leading and overseeing the committee |