1. Irish Financial Services Law
  2. Central Bank of Ireland
  3. Consultations
  4. 2023
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  1. CP153 - Enhanced governance, performance and accountability in financial services - Regulation and Guidance under the Central Bank (Individual Accountability Framework) Act 2023
  2. Annex 2 Draft Guidance on the Individual Accountability Framework
  3. Part B (paras. 2.1.1.-2.9.16.)
  4. Chapter 2 Guidance on the Senior Executive Accountability Regime (paras. 2.1.1.-2.9.16.)
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Chapter 2 Guidance on the Senior Executive Accountability Regime (paras. 2.1.1.-2.9.16.)

Closed
13 June 2023
Comparing proposed amendment...
2. The Senior Executive Accountability Regime (paras. 2.1.1.-2.9.16.)
2.1 Introduction (paras. 2.1.1.-2.1.5.)
2.2 Scope (paras. 2.2.1.-2.2.3.)
2.3 Sharing/Splitting of Roles (paras. 2.3.1.-2.3.3.)
2.4 Responsibilities under the SEAR (paras. 2.4.1.-2.4.20.)
Inherent Responsibilities (paras. 2.4.1.-2.4.2.)
Prescribed Responsibilities (paras. 2.4.3.-2.4.10.)
Responsibilities in respect of NEDs and INEDs (paras. 2.4.11.-2.4.16.)
Other Responsibilities (paras. 2.4.17.-2.4.20)
2.5 Statements of Responsibilities (paras. 2.5.1.-2.5.13.)
Submission of Statements of Responsibilities to the Central Bank (paras. 2.5.3.-2.5.8.)
Information to be included within a Statement of Responsibilities (paras. 2.5.9.-2.5.11.)
Updates to and retention of the Statement of Responsibilities (paras. 2.5.12.-2.5.13)
2.6 Management Responsibilities Map (paras. 2.6.1.-2.6.17)
Submission of the Management Responsibilities Map to the Central Bank (paras. 2.6.4.-2.6.7.)
Preparation of the Management Responsibilities Map (paras. 2.6.8.-2.6.17)
2.7 The interaction between the Statements of Responsibilities and the Management Responsibilities Map (paras. 2.7.1.-2.7.6.)
2.8 Duty of Responsibility (paras. 2.8.1.-2.8.14.)
Introduction (paras. 2.8.1.-2.8.4.)
Compliance with the Duty (paras. 2.8.5.-2.8.7.)
Contravention of the Duty (paras. 2.8.8.-2.8.10.)
Reasonable Steps (para. 2.8.11.)
Enforcement - Administrative Sanctions (paras. 2.8.12.-2.8.14.)
2.9 Interaction between the Fitness and Probity Regime and SEAR (paras. 2.9.1.-2.9.16.)
Collective Decision Making (para. 2.9.1.)
Fitness and Probity Regime (paras. 2.9.2.-2.9.6.)
PCF Approval Process (paras. 2.9.7.-2.9.12.)
F&P Outsourcing Exemption (paras. 2.9.13.-2.9.16.)
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