


Agenda Article
CBI reforms to Fitness & Probity: Guidance Consolidated, Expectations Clarified
Following a consultation process on amendments to the Fitness and Probity (“F&P”) regime (“CP160”) which concluded in July 2025, the Central Bank of Ireland (the “CBI”) has published three further key documents in relation to the F&P review:
• a Feedback Statement on CP160 (the “Feedback Statement”) (here);
• revised Guidance on the Standards of Fitness and Probity (the “F&P Standards”) (here) (effective from 20 November 2025) (the “Finalised Guidance”); and
• consolidated Fitness and Probity Standards - Code issued under Section 50 of the Central Bank Reform Act 2010 (here).
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Agenda Article
CJEU judgment protects the privacy of beneficial owners at the expense of transparency
On 22 November 2022, the Court of Justice of the European Union (CJEU) published its decision in WM and Sovim SA v Luxembourg Business Registers (joined Cases C‑37/20 and C‑601/20) (Decision), which affects European Union Member States' national beneficial ownership registers.
