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ARTICLE · 21 MARCH 2024

CBI Publishes Consultation Paper On Consumer Protection Code Revision

William Fry LLP
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Annexed to CP158 are two sets of draft Regulations which will ultimately replace the Code and two sets of draft Guidance. The period for submissions ends on 7 June 2024.

European UnionConsumer Protection
Shane Kelleher
Shane Kelleher
Louise McNabola
Louise McNabola
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On 7 March 2024, the Central Bank of Ireland launched a Consultation Paper (CP158) on its proposals to revise the Consumer Protection Code 2012 (as amended) (the Code).

Annexed to CP158 are two sets of draft Regulations which will ultimately replace the Code and two sets of draft Guidance. The period for submissions ends on 7 June 2024.

Background

The Central Bank acknowledges that the financial services landscape is rapidly evolving. Over the next decade, it expects to see ongoing transformation, driven by innovation and technology, climate change and the evolving expectations and needs of consumers and businesses.

Publication of the Consultation Paper is the second of three steps the Central Bank is taking to modernise, clarify and integrate the Code and enhance its accessibility. For further information on the first phase of the three-stage review of the Code dealing with the Central Bank's discussion paper on the topic of consumer protection in financial

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