Today, the Central Bank of Ireland published the Consumer Protection Code 2025 ("CPC 2025") comprising:
(i) the Consumer Protection Code Central Bank Reform Act 2010 (Section 17A) (Standards for Business) Regulations 2025...more
3/25/2025
/ Central Bank of Ireland ,
Compliance ,
Consumer Protection Laws ,
Corporate Governance ,
Enforcement Actions ,
EU ,
Financial Regulatory Reform ,
FinTech ,
Fraud ,
MiFID ,
Mortgages ,
New Guidance ,
New Regulations ,
Regulatory Requirements ,
Risk Management
On 2 October 2024, the Central Bank of Ireland ("CBI") updated its Guidance on the Central Credit Register ("CCR") (version 2.6) to commence the reporting obligations in respect of guarantees under the Credit Reporting Act...more
DORA is now applicable, imposing requirements in respect of ICT risk management and digital operational resilience.
Firms should be preparing their register of information ready for sharing with the CBI in April....more
1/17/2025
/ Central Bank of Ireland ,
Compliance ,
Cybersecurity ,
Data Security ,
Digital Operational Resilience Act (DORA) ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Information and Communication Technology (ICT) ,
National Competent Authorities (NCA) ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management
On 30 December 2024 the Markets in Crypto-Assets Regulation ("MiCA") became applicable to crypto-asset service providers ("CASPs") as well as offerors and persons seeking admission to trading of crypto-assets in the EU....more
1/17/2025
/ Anti-Money Laundering ,
Central Bank of Ireland ,
Compliance ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Market Abuse ,
Regulatory Requirements ,
Stablecoins
With the Regulation on Artificial Intelligence (the "AI Act") entering into force in due course, following its publication in the Official Journal of the EU, there has been an increasing focus of supervisory bodies to provide...more
6/25/2024
/ Artificial Intelligence ,
Central Bank of Ireland ,
Compliance ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Fraud ,
Investment ,
MiFID II ,
Risk Management ,
Transparency
On 30 November 2023, the Central Bank of Ireland (the "Central Bank") published a public statement relating to an enforcement action against an Irish-authorised UCITS ICAV (the "ICAV") which has been reprimanded and fined...more
12/18/2023
/ Central Bank of Ireland ,
Compliance ,
Data Breach ,
EMIR ,
EU ,
ICAV ,
Investment Funds ,
Ireland ,
MiFIR ,
Securities ,
UCITS