The Minister has the authority to appoint individuals to the Commission based on their expertise in key areas such as accountancy, banking, and financial regulation. To qualify, candidates must demonstrate relevant knowledge and skills that align with the Commission's objectives.

However, certain individuals are excluded from eligibility for appointment. This includes members of the Oireachtas, European Parliament, or local authorities, as well as those who hold significant shareholdings in regulated financial service providers, have faced bankruptcy, or have criminal convictions resulting in imprisonment. These criteria ensure that appointees maintain the integrity and trust necessary within the Commission.