Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 30 JUNE 1997

Central Bank Act, 1997

A&L Goodbody
Explore more from A&L Goodbody

IrelandAntitrust/Competition Law
The Central Bank Act, 1997 was signed by the President on the 31st of March, 1997 came into force on the 9th of April, 1997.

The Act introduces changes to the functions and operation of the Central Bank of Ireland ("the Bank"). In particular it extends the functions and supervisory and enforcement powers of the Bank and also contains new provisions concerning payment systems and cross-border credit transfers.

REGULATION OF PAYMENT SYSTEMS

All payment systems must be approved by the Bank. Approval may be given subject to conditions and approval may be revoked. An appeal lies from a refusal or revocation to the Minister for Finance. In approving the rules of a payment system or in imposing terms and conditions for its operation, the Bank may in the interests of the proper and ordinary regulation of a system, impose conditions relating to:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Irish Merger Control: Update On CCPC Activity 2026 H1

The Competition and Consumer Protection Commission received 44 merger notifications in the first half of 2026, marking a 13% increase from the previous year and signaling robust Irish transaction activity. This analysis examines the CCPC's review timelines, procedural trends, and the regulator's historic first use of its merger call-in power in the Uniphar/Touchstore transaction. With new financial thresholds taking effect in July 2026 and evolving enforcement patterns, understanding these developments is c
IrelandAntitrust/Competition Law
Matheson
Matheson
Article

Irish Merger Control: New Filing Thresholds From 1 July 2026

Ireland is raising the financial thresholds for mandatory merger control notifications from July 2026, increasing the combined Irish turnover requirement from €60 million to €100 million and the individual turnover threshold from €10 million to €15 million. This change follows recommendations from the Competition and Consumer Protection Commission and a public consultation process, with significant implications for transaction notification requirements and regulatory oversight.
IrelandAntitrust/Competition Law
Matheson
Matheson
Article

Proposed Changes To Ireland’s Media Merger Regime

Ireland's proposed Media Regulation Bill introduces sweeping reforms to the country's media merger regime, expanding regulatory oversight to include social media platforms and streaming services while transferring assessment authority from ministerial to independent regulatory control. The legislation modernizes decades-old definitions of media businesses and implements new notification thresholds that could significantly increase the volume of transactions requiring regulatory approval.
IrelandAntitrust/Competition Law
McCann FitzGerald LLP
McCann FitzGerald LLP
Article

EU Reaches Agreement On ‘Pharma Package’ Legislative Reforms

On 11 December 2025, the Council of the European Union (the “Council”) and the European Parliament (the “Parliament”) provisionally reached an agreement on the first major reform of EU pharmaceutical rules since 2004. The agreement (known as the “Pharma Package”) aims to increase patients’ access to medicinal products across the EU and to boost the competitiveness of the pharmaceutical industry.
IrelandAntitrust/Competition Law
Matheson
Matheson