QFA Regulation Practice Questions - QFA Regulation (LIA IOB, Ireland) Exam

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Under the Central Bank's Fitness and Probity standards, what are the two main classifications of functions subject to these requirements?

Controlled Functions (CFs) and Pre-Approval Controlled Functions (PCFs) Key Functions (KFs) and Auxiliary Functions (AFs) Executive Functions (EFs) and Advisory Functions (AFs) Designated Functions (DFs) and Certified Functions (CFs)

Correct Answer:

Controlled Functions (CFs) and Pre-Approval Controlled Functions (PCFs)

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