---
title: IAF Ireland Report 2023
description: In this report, we draw upon a variety of jurisdictions that have implemented a similar regime, to provide insight into what the Irish financial services industry can expect, but also to provide guidance on how best to prepare for the IAF regime.
image: https://blog.fscom.co/hubfs/New%20Image%20templates%20%20(1).png
---

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# Ireland: Individual Accountability Framework – Applicability to regulated firms

In this report, we draw upon a variety of jurisdictions that have implemented  
a similar regime, to provide insight into what the Irish financial services industry can expect, but also to provide guidance on how best to prepare for the IAF regime.

### Download this report today!

## Ireland: Individual Accountability Framework – Applicability to regulated firms

There are three core components of the new IAF that impact regulated  
financial service providers, the new Senior Executive Accountability  
Regime (SEAR), the Conduct Standards, and the enhanced Fitness and  
Probity (F&P) Regime. The IAF also introduces a number of enhancements  
to the Administrative Sanctions Procedure (ASP).

The aim of the IAF is to deliver better outcomes for consumers and  
users of financial services and the ongoing stability and integrity of the  
financial system.

## In this report, you'll find:

![tick-icon](https://blog.fscom.co/hubfs/tick-icon.svg "tick-icon")

What is the Individual Accountability Framework (‘IAF’) Regime?

![tick-icon](https://blog.fscom.co/hubfs/tick-icon.svg "tick-icon")

The ‘culture’ and ‘governance’ regimes of key jurisdictions.

![tick-icon](https://blog.fscom.co/hubfs/tick-icon.svg "tick-icon")

What we can learn from SMCR and the regimes  
of other jurisdictions.

![tick-icon](https://blog.fscom.co/hubfs/tick-icon.svg "tick-icon")

Reaction to the introduction of IAF.

![tick-icon](https://blog.fscom.co/hubfs/tick-icon.svg "tick-icon")

Preparing for IAF.

![tick-icon](https://blog.fscom.co/hubfs/tick-icon.svg "tick-icon")

Implementation Planning.

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![operational and security ](https://blog.fscom.co/hubfs/operational%20and%20security%20.jpg "operational and security ")

### About fscom

At fscom, we strive to offer excellent service in a professional and personable manner. We deliver this through our unrivalled understanding of financial services regulation and a strong emphasis on taking a commercial and innovative approach that puts our clients’ needs first.

We are specialists in providing regulatory advisory services to a broad range of financial services institutions including payment services and e-money, retail banks, cryptocurrency, trading and broking and asset management firms.

We work across three core areas of regulatory compliance, financial crime and cyber security and provide a range of services including compliance advice, authorisations, audits, interim roles and compliance training.