These steps will help firms to assess gaps and identify the key changes needed on a timely basis. The framework also introduces changes to the Central Bank’s enforcement processes. The Central Bank will issue updated F&P Investigations Regulations and F&P Investigations Guidance once the underlying legal provisions have been brought into effect in the coming days.
The Central Bank intends to launch a separate public consultation on the changes to the ASP in mid-2023. This consultation package will include consolidated end-to-end ASP Guidance which will include Investigation, Inquiry, Settlement and Sanctions Guidance for consideration by all relevant stakeholders. Conclusion I will conclude here.