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ARTICLE · 06 JUNE 2024

Looking Ahead: Irish Developments - Horizon Scanner Finance June 2024

The Senior Executive Accountability Regime (SEAR) will go live on 1 July 2024.

European UnionConsumer Protection

SENIOR EXECUTIVE ACCOUNTABILITY REGIME

The Senior Executive Accountability Regime (SEAR) will go live on 1 July 2024.

In advance of that date, the Central Bank has published updated Guidance on the Individual Accountability Framework together with the final regulations (Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Senior Executive Accountability Regime)) Regulations 2024) (the SEAR Regulations).

The SEAR Regulations will apply from 1 July 2024, save for the provisions in respect of non-executive directors, which will apply from 1 July 2025.

For more information, read our latest insights here: IAF/SEAR Update: Central Bank publishes final Guidance and SEAR Regulations

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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