Authorisation and supervision of Irish Financial Institutions

Copyright © 2024 LexisNexis

This subtopic provides guidance on the authorisation of an investment business firm and MiFID investment firm in Ireland. It also explores the process for registering as a virtual asset service provider in Ireland.

This subtopic contains the following guidance:

  1. •

    Practice Note: Ireland—Central Bank (Individual Accountability Framework) Act 2023—policy development and key dates tracker tracks

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Ireland - Banking & Financial Services News

EPC seeks service provider for VoP scheme test environment

The European Payments Council (EPC) has launched a request for proposal (RFP) for the selection of a technology service provider in charge of providing, operating and supporting a test environment for the validation and self-certification of the verification of payee (VOP) API (both server-side and client-side) by the scheme participants. Responses are sought by 17 January 2025.

ECB fines BNP Paribas Fortis SA/NV for intentionally breaching credit risk reporting rules

The European Central Bank (ECB) has imposed an administrative penalty of €10.4m on BNP Paribas Fortis SA/NV for reporting miscalculated risk-weighted assets for credit risk. The bank may challenge the ECB’s decision before the Court of Justice of the European Union.

EIOPA revokes Guidelines and amends Opinion to align with upcoming DORA

The European Insurance and Occupational Pensions Authority (EIOPA) has announced that, in anticipation of the Digital Operational Resilience Act (DORA) coming into application, it will be withdrawing two previously published Guidelines and amending part of an Opinion. The two Guidelines and Opinion are all related, at least in part, to the use of information communication technology (ICT) by undertakings, and by withdrawing them, EIOPA aims to avoid duplications and overlaps with DORA. The changes will take effect from 17 January 2025.

EIOPA publishes strategic plan and work programme for 2024-2026

The European Insurance and Occupational Pensions Authority (EIOPA) has published its Single Programming Document for 2024-2026, outlining the organisation's strategic priorities and planned activities for the coming years, including the Annual Work Programme for 2024.EIOPAoutlines the evolving macro-economic, political, environmental, technological and sectoral context impacting its work. This includes factors like economic uncertainty, inflation, digitalisation trends, climate change effects, new regulations like the Digital Operational Resilience Act (DORA), Solvency II review, and the expected growth in EIOPA's tasks.

View Ireland - Banking & Financial Services by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

EBA sets standards for supervisors assessing new market risk internal models

MLex: The EU’s banking supervisor has set out technical standards for regulators to assess compliance with the Fundamental Review of the Trading Book rules. In line with legislation on capital requirements, banks must subject their internal models to a ‘thorough and comprehensive assessment’, the

Banco Popular investors weren’t entitled to SRB compensation, EU court says

MLex: Banco Popular shareholders and creditors have today seen their legal challenges against a 2020 decision by the Single Resolution Board (SRB) dismissed by EU judges. In 2020, the SRB decided not to provide compensation as part of the resolution of the Spanish bank. In a ruling delivered this

Ireland—CBI fines fund €192k for derivatives breaches UK

Law360: The Central Bank of Ireland (CBI) said on 30 November 2023 that it has fined GlobalReach Multi-Strategy ICAV €192,500 for failing to report derivatives trades in its first penalty against an investment fund.

Scotland—the process for applying for sequestration

Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of
EBA sets standards for supervisors assessing new market risk internal models

EBA sets standards for supervisors assessing new market risk internal models

MLex: The EU’s banking supervisor has set out technical standards for regulators to assess compliance with the Fundamental Review of the Trading Book rules. In line with legislation on capital requirements, banks must subject their internal models to a ‘thorough and comprehensive assessment’, the

Banco Popular investors weren’t entitled to SRB compensation, EU court says

Banco Popular investors weren’t entitled to SRB compensation, EU court says

MLex: Banco Popular shareholders and creditors have today seen their legal challenges against a 2020 decision by the Single Resolution Board (SRB) dismissed by EU judges. In 2020, the SRB decided not to provide compensation as part of the resolution of the Spanish bank. In a ruling delivered this

Ireland—CBI fines fund €192k for derivatives breaches UK

Ireland—CBI fines fund €192k for derivatives breaches UK

Law360: The Central Bank of Ireland (CBI) said on 30 November 2023 that it has fined GlobalReach Multi-Strategy ICAV €192,500 for failing to report derivatives trades in its first penalty against an investment fund.

Scotland—the process for applying for sequestration

Scotland—the process for applying for sequestration

Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of