Revised Prospectus Regulatory Framework Q&A - On 7 March 2024, the Central Bank of Ireland (the "Central Bank") published its Prospectus Regulatory Framework – Questions & Answers 2nd Edition (the "Revised Q&A"). This...more
Partners Niall Esler and Shane Martin, along with senior associate Conor Daly and trainee solicitor Coleen Wegmann, have authored the Ireland chapter for Global Legal Insights Fintech 2023. They provide an up-to-date summary...more
On 18 July 2023, the Central Bank of Ireland (the "Central Bank") published its latest discussion paper entitled "An approach to macroprudential policy for investment funds" (the "Paper"). The purpose of this Paper is to...more
Introduction - The Central Bank (Individual Accountability Framework) Act 2023 (the “Act”) was signed into law on 9 March 2023. The Act amends several existing pieces of legislation2 and is amongst the most significant...more
The Central Bank of Ireland (Individual Accountability Framework) Bill 2022 has now been finalised in the Houses of the Oireachtas and referred to the President for signing into law later this month. The Bill is intended to...more
On 20 January 2023, the Central Bank of Ireland (CBI) published a Dear CEO letter to the payments industry (Letter) detailing its findings from recent industry engagement. The Letter sets out certain required actions for...more
The Central Bank of Ireland has issued a Dear CEO letter to all Irish regulated financial services providers reminding them of their consumer protection obligations in the context of the challenging economic outlook....more
On 3 October 2022, the Central Bank of Ireland (CBI) announced that it is carrying out a comprehensive review of the Consumer Protection Code 2012 (Code) and has issued a discussion paper calling for feedback and views from...more
The Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 (the “2022 Act”) was commenced on 16 May 2022. The introduction of the 2022 Act ensures that providers and servicers of hire...more
The Central Bank of Ireland (the “Central Bank”) has published two documents which are significant steps towards enhancing the private equity and private credit product offerings currently available in Ireland. These...more
On 28 September 2020, the Central Bank of Ireland (the “Central Bank”) sent a letter to the Irish funds industry outlining the timeframes for receipt of: (i) new fund applications; and (ii) post-authorisation amendments that...more
A recent Dechert OnPoint, No Reward for Good Behaviour: The Central Bank’s Approach to Enforcement, examined new guidance of the Central Bank of Ireland (Central Bank) regarding the enforcement process involving non-compliant...more
The Irish Government recently commissioned a report on gender balance in Irish businesses (Report)1, prepared by the review group Balance for Better Business2. The Report found that in a country where, in 2019, just one in...more
On 8 April 2019, the Central Bank of Ireland (the “CBI”) issued a Dear CEO Letter (the “Letter”) to the management of all regulated financial services firms (“Regulated Firms”) highlighting what it believes is a lack of...more
New edition of UCITS and AIFMD Q&As published by the Central Bank - The Central Bank recently published the 28th edition of AIFMD Q&A on the 2 January 2018. A number of new questions have been answered regarding the PRIIPS...more