Prior to providing its Authorisation for the appointment of a Person to a Designated Function, the Central Bank may conduct its own assessments, interviews and background, security and other detailed checks, to confirm the accuracy, completeness and relevance of the information and documentation provided by the Person and/or the Licensee.
3.2
The Central Bank may request information about a Person from other Persons, Juridical Persons or authorities within or outside of the State to inform its decision on Authorisation.
3.3
The Central Bank may prescribe the forms which need to be completed and the supporting documentation to be provided in support of an application for Authorisation.
3.4
Where the Central Bank provides Authorisation for the appointment of an Authorised Individual, the Central Bank may impose specific conditions and/or restrictions to the Authorisation.
3.5
The Central Bank may require, at its sole discretion and on a case by case basis that the shareholders, directors and/or senior management of the Parent, Subsidiaries or Affiliates of a Licensee, be subject to the Fit and Proper Process.
3.6
The Central Bank may, in certain circumstances, modify specific requirements set within this Regulation and its accompanying Standards, with regard to a particular case.
3.7
The Central Bank may, at any time, remove or revoke the appointment of any Person, if that Person is found to be not fit and proper or does not fulfil the requirements of suitability for the position which they hold; or where the Central Bank, determines that the Person’s appointment poses significant risk to the safety and soundness of the Licensee.