Reporting of disciplinary actions to the Central Bank (paras. 4.35.-4.42.)

4.35. Under the Certification Regulations a firm must report to the Central Bank disciplinary action taken against an individual performing a CF role where that disciplinary action is relevant to compliance with the F&P Standards, including disciplinary action [This is not the only type of disciplinary action that could be relevant to compliance with the Fitness and Probity standards and firms are expected to determine where disciplinary action related to a breach of any other provision of financial services legislation is relevant to compliance with Fitness and Probity Standards and needs to be reported to the Central Bank.] in respect of individuals in CF roles relating to breaches of the Common Conduct Standards and in respect of individuals in PCF/CF1 roles relating to breaches of the Additional Conduct Standards. As defined in the Certification Regulations 'disciplinary action' in relation to an individual means the issuing of a formal written warning or the suspension/dismiss

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