Central Bank Authorisations
Central Bank Authorisations in Ireland: Expert Assistance for a Smooth Process.
Applying for Central Bank of Ireland Authorisation is a crucial first step for financial brokers. It is a process that sometimes can be overwhelming, but with our help, we can make your journey to obtaining authorisation as smooth and stress-free as possible.
The Importance of Expert Assistance
Each applicant must undergo a comprehensive process to meet the Central Bank’s rigorous standards. Without proper support, it can be a daunting and challenging task.
Central Bank Authorisation Options:
Brokers seeking authorisation can apply under the following regulations:
- European Union (Insurance Distribution) Regulations 2018 (IDR): For insurance intermediaries, reinsurance intermediaries, and ancillary insurance intermediaries.
- Investment Intermediaries Act 1995 (IIA): For investment intermediaries.
- European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (CMCAR): For mortgage credit intermediaries.
- Consumer Credit Act 1995 (CCA): For mortgage intermediaries.
How We Can Help:
The Importance of Expert Assistance:
Each applicant must undergo a comprehensive process to meet the Central Bank’s rigorous standards. Without proper support, it can be a daunting and challenging task.
How We Can Help:
With extensive compliance expertise, the Compliance Specialist is well-versed in the intricacies of the authorisation process. We offer you the guidance and advice needed to navigate this process smoothly thereby allowing you to focus on the job at hand.
Understanding Your Business:
During our initial meeting, we take the time to understand your business plans, products, and services. This allows us to determine the appropriate authorisation to apply for and anticipate any potential challenges along the way.
Understanding the process;
We understand the areas of focus the Central Bank have and what their expectations are, The Compliance Specialist can provide guidance to ensure your submission meets those standards.
Preparation for Authorisation:
We will assist you in preparing your application, which must address the requirements for at least one PCF (pre-approved control function). We will also guide you on meeting Fitness and Probity standards and Minimum Competency Code requirements, all crucial elements in the application process.
With you every step of the way;
Once your application has been submitted, our support doesn’t stop there. We will monitor its progress closely and efficiently and guide you on any questions the Central Bank may have about your application or requests for further information.
Say Goodbye to Stress & Uncertainty
With our expert assistance and in-depth understanding of the Central Bank Authorisation process, we ensure that your application meets the necessary standards for approval.
Our Services
Broker Compliance
Ensure your firm remains compliant in a constantly evolving landscape.
Central Bank Authorisations
Allow us to support you in your first step to starting your firm
Central Bank Compliance Audits
Compliance excellence focused on your business needs
GDPR Audits
Your privacy is our priority
GDPR Data Mapping
Ensure Compliance with our expert GDPR Data Mapping and RoPA Assistance
Data Protection Impact Assessment
A crucial step in minimising risks
GDPR Training
GDPR Workshops for enhanced Data Protection Compliance
Data Protection Officer Services
Ensuring GDPR Compliance for your Business
CONTACT
Talk to us about your requirements.
The Compliance Specialist works with you on compliance. As with every business, we understand the challenges that come with day to day operations. At The Compliance Specialist we strive to provide a service to our clients that gives peace of mind.
We also talk your language – because, why make things more complicated than they already are.
And finally, because all you have in this life is your name, honesty, trustworthiness & professionalism matters in a reputation, and we will strive to help you keep that safe.