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ARTICLE · 15 SEPTEMBER 2023

FIG Top 5 At 5 - 07/09/2023

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On 5 September 2023, SI No 438 of 2023 was published in Iris Oifigiúil. The Central Bank Commission, with approval from the Minister of Finance introduced a number of regulations ("Regulations")...

European UnionFinance and Banking
Matheson LLP
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1. Central Bank Act 1942 (Section 32D) Regulations 2023 [SI No 438 of 2023]

On 5 September 2023, SI No 438 of 2023 was published in Iris Oifigiúil. The Central Bank Commission, with approval from the Minister of Finance introduced a number of regulations ("Regulations") regarding levy contributions to be paid to the Central Bank of Ireland ("Central Bank") by regulated entities. The Regulations came into force on 6 September 2023.

On an annual basis, the Central Bank Commission signs a statutory instrument into law which lays out the framework for that year's levying process and the basis on which individual regulated entities' levies will be calculated. From that date, all regulated entities are liable to pay an annual levy as determined in the Regulations.

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