Oireachtas Joint and Select Committees

Wednesday, 3 November 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Central Bank

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú)
Link to this: Individually | In context | Oireachtas source

My understanding is that the legislation does not specify which regulated financial service providers it will apply to, and that this will be confirmed by Central Bank regulations. I also understand the Central Bank regulations will deal with the new fitness and probity obligations concerning controlled function and other roles. Is is not unusual that the legislation seeks to outsource such important elements of its implementation?