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4 weeks ago | 
mondaq.com | Josh Hogan |Darragh Murphy |Clare Gillett |James FitzGerald |James Fitzgerald
The Central Bank (Supervision and Enforcement) Act 2013 (Section 48)(Consumer Protection) Regulations 2025 (the"Regulations") have appeared on theOireachtas website and are expressed to come into operation on 24March 2026. The Regulations have been eagerly awaited and followextensive consultation with industry, as part of the review of theConsumer Protection Code 2012, as amended (the"CPC").
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1 month ago | 
mondaq.com | Josh Hogan |Darragh Murphy |Clare Gillett |James FitzGerald |James Fitzgerald
IntroductionThe Central Bank of Ireland ("CBI")recently released its regulatory and supervisory priorities for2025, amid what it has described as "globaltransformational change, heightened volatility and increasingcomplexity". The report outlines the regulator'sgoals and strategic priorities for the year, while highlighting theCBI's key concerns in the macro environment.
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1 month ago | 
lexology.com | Josh Hogan |Darragh Peter Murphy |Clare Gillett |James FitzGerald |James Fitzgerald |Martin O'Neill | +2 more
IntroductionThe Central Bank of Ireland (“CBI”) recently released its regulatory and supervisory priorities for 2025, amid what it has described as “global transformational change, heightened volatility and increasing complexity”. The report outlines the regulator’s goals and strategic priorities for the year, while highlighting the CBI’s key concerns in the macro environment.
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1 month ago | 
lexology.com | Josh Hogan |Darragh Peter Murphy |Clare Gillett |James FitzGerald |James Fitzgerald |Holly Draper-Spillane | +1 more
Regulation (EU) 2023/1114 on Markets in Crypto-Assets (“MiCA”) was published in the Official Journal of the European Union in June 2023. It became applicable to issuers of asset referenced tokens and electronic money tokens in June 2024 and came fully into force for providers of crypto asset services on 30 December 2024. MiCA brings crypto assets under a pan-EU regulatory framework that seeks to ensure increased transparency, investor protection and financial stability.
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1 month ago | 
lexology.com | Josh Hogan |Darragh Peter Murphy |Clare Gillett |James FitzGerald |James Fitzgerald |Holly Draper-Spillane | +1 more
Ireland is home to a substantial number of e-money institutions (sometimes called EMIs), some home grown, and others drawn to Ireland by its active and thriving FinTech sector.
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2 months ago | 
mondaq.com | Josh Hogan |Darragh Murphy |Adrian Farrell |Martin O'Neill
The reporting of guarantee data to the Central Bank ofIreland's Central Credit Register will commence on 1 February2025. ‘Credit information providers' will need to ensurethat their existing processes now extend to guarantors (includingin relation to verification, warnings and reporting).
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Jan 24, 2025 | 
mondaq.com | Josh Hogan |Darragh Murphy |Mark White
General UpdatesPolitical agreement on proposals to facilitatedata-sharing and reduce regulatory reporting burdenOn 18 December 2024, the European Parliament announced via apress release (here) that its Economic and Monetary AffairsCommittee ("ECON") has reached apolitical agreement with the Council of the EU on the proposal tofacilitate data‑sharing and reduce redundant reporting in EUfinancial services.
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Jan 10, 2025 | 
mondaq.com | Adam Finlay |Darragh Murphy |Josh Hogan |Clare Gillett
On 4 December 2024, the ESAs published a Statement on theApplicability of DORA informing entities that there will be notransitional period and to be prepared for DORA by 17 January2025. The Digital Operational Resilience Act(“DORA”) together with the technicalstandards and guidelines adopted under it will apply from 17January 2025.
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Nov 28, 2024 | 
mondaq.com | Josh Hogan |Clare Gillett
The Central Bank of Ireland ("Central Bank") expects all Irish authorised MiFID investment firms,1 credit institutions and fund management companies providing MiFID II services to retail clients ("Firms") to: (a) document their review of their marketing and advertising practices against the Dear CEO letter titled - Common Supervisory Action on the MiFID Marketing Communications Requirements (the "Letter")2 and the related European Securities and Markets Authority report3; and (b) by 31...
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Nov 25, 2024 | 
mondaq.com | Josh Hogan |Darragh Murphy |Clare Gillett |Adam Finlay
In-scope firms (such as investment firms, insurance
undertakings, management companies, credit institutions,
crypto-asset service providers, payment institutions and electronic
money institutions) must comply with the Digital Operational
Resilience Act ("DORA") by 17 January
2025.
As well as imposing requirements on financial entities, DORA
also imposes requirements on ICT third-party service providers.
