Minimum Competency Code 2017

Designed for Financial Services staff to help ensure compliance with Minimum Competency rules.

This 2-hour training session provides a practical overview of the Central Bank of Ireland’s Minimum Competency Code (MCC), focusing on regulatory expectations, common compliance challenges, and effective implementation across regulated firms.

Attendees will gain clarity on how to interpret MCC requirements, implement proportionate controls, and maintain defensible records that withstand regulatory scrutiny.

Topics Covered:

• Overview and scope of the Minimum Competency Code
• Roles and activities subject to the MCC
• Qualification and experience requirements
• Continuing Professional Development (CPD) obligations and tracking
• Grandfathering and transitional arrangements
• Competency assessment and evidencing compliance
• Common control weaknesses identified by the Central Bank of Ireland
• Supervisory findings and enforcement themes
• MCC considerations in recruitment, role changes, and outsourcing
• Record-keeping, governance, and inspection readiness

Who should attend:

This module is primarily designed for Financial Services personnel to comply with MCC requirements as set by the Central Bank of Ireland.

It is recommended for Individual Intermediaries / Brokers, Principals / Directors, individuals performing MCC relevant and specified functions, Compliance and Risk officers, HR personnel, company secretaries, and others.

CPD: Up to 2 Formal Hours from the Institute of Insurance, Institute of Bankers and LIA

A CPD certificate will be issued upon course completion along with a PDF version of the training materials.

Cost: €275 per person

Location: Online Webinar [A TEAMS link will be included in reminder emails]

Cancellation Policy:

You may cancel and claim a refund at any point up to 7 days prior to the date of the event. In our absolute discretion we may process a transfer to another date where an attendee seeks to cancel within the 7 days prior to the event date. Where we need to cancel an event, we will always seek to give a minimum of 7 days notice and will promptly process a refund.