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ARTICLE · 07 MARCH 2023

Transposition Of The Credit Servicing Directive

Maples Group
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On 24 January 2023, the Department of Finance published its Consultation Paper on the transposition of the EU Credit Servicing Directive (the "Directive") published in the Official Journal of the EU...

European UnionFinance and Banking
Lorna Smith
Lorna Smith
Callaghan Kennedy
Callaghan Kennedy
Stephen Carty
Stephen Carty
Joe O'Neill
Joe O'Neill
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On 24 January 2023, the Department of Finance published its Consultation Paper1 on the transposition of the EU Credit Servicing Directive2 (the "Directive") published in the Official Journal of the EU on 8 December 2021.

The Directive contains a number of discretions which Member States may exercise when transposing the provisions into national law. The Consultation Paper aims to generate industry feedback on these discretions. Submissions are due by 8 March 2023 and will be considered as part of the transposition process.

The deadline for the transposition of the Directive into Irish law is 29 December 2023.

The Consultation Paper

The Consultation Paper invites responses on ten questions relating to Member State discretions, including whether:

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