The Fundamentals of Fitness & Probity & the Individual Accountability Framework (IAF) in Ireland

Introduction

Following the introduction of the Individual Accountability Framework (IAF) and the Senior Executive Accountability Regime (SEAR), since the end of 2023 there has been a step change in how fitness and probity is being managed in Irish regulated financial services providers. This is set to change further following the Central Bank of Ireland’s (CBI) fitness and probity review conducted in 2024 and the subsequent public consultation issued April 2025 which will lead to changes in the regime.

This virtual classroom session will examine the impact of recent regulatory changes, what best practice now looks like for regulated firms and how they can prepare for future regulatory change.

What You Will Learn

This live and interactive course will cover the following:

• Overview of Fitness & Probity
• The process for roles requiring pre-approval from the CBI
• Overview of the IAF and SEAR and discussion of the impact on firms so far
• Common and Additional Conduct Standards
• Reasonable steps and how to evidence them
• Enforcement and Sanctions regime
• Recent and upcoming regulatory changes and how they will impact firms

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.