The Central Bank published a Feedback Statement and issued final form Regulations and Guidance to firms on the Individual Accountability Framework (IAF) on 16 November 2023, following a consultation process on Consultation Paper 153 (CP153).
It is time for the regulated financial services industry to accelerate its preparations for implementation of the IAF.
In this client briefing, taking account of the enactment of the primary legislation on 9 March 2023 and the publication by the Central Bank of its Feedback Statement on CP153 and appended final form IAF Regulations and Guidance on 16 November 2023, we set out key actions to benchmark your firm’s implementation action plan under each of the four pillars of the individual accountability framework.
Click on the image below to read the full report.
