ABC Insurance Services Ltd, an insurance intermediary, wishes to appoint Jack as its new Chief Executive. ABC CANNOT offer Jack this position without getting prior written consent of the:

• A. Director of Corporate Enforcement.
• B. Central Bank.
• C. District Court.
• D. Registrar of Companies.

Answer: (B)

Regulated financial services entities must obtain regulator approval for key management appointments. For an insurance intermediary, the Central Bank is the authority that conducts a fitness and probity assessment and must give prior written consent before appointing someone to a senior role like Chief Executive. This ensures the person has the necessary competence, honesty, and financial soundness to manage risk and protect customers. Other bodies—such as the Director of Corporate Enforcement, the Registrar of Companies, or a District Court—do not have a mandate to approve or veto CEO appointments in regulated financial firms. Therefore, the Central Bank is the correct authority to consent to this appointment.