ARTICLE · 29 JULY 2025

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Department of Finance launches public consultation on transposition of IRRD...

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1. Department of Finance launches public consultation on transposition of IRRD

On 14 July 2025, the Department of Finance ("Department") launched a public consultation ("Consultation") on the transposition of the Insurance Recovery and Resolution Directive ("IRRD").

The IRRD entered into force on 28 January 2025 and is required to be transposed into Irish law by 28 January 2027.

The IRRD brings insurance and reinsurance undertakings within scope for recovery and resolution planning in a proportionate and risk-based manner and gives national resolution authorities preventive powers to intervene at an early stage of a potential failure, allowing them to implement resolution actions in a coordinated and timely fashion.

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