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ARTICLE · 09 AUGUST 2023

CPC Update: Revised 2024 CPC Regulations To Be Updated Again In 2025

The Central Bank has published an update on its Consumer Protection Code (CPC) review, following its October 2022 Discussion Paper which closed for feedback on 31 March 2023..

IrelandConsumer Protection

The Central Bank has published an update on its Consumer Protection Code (CPC) review, following its October 2022 Discussion Paper which closed for feedback on 31 March 2023 (read our insights on the Discussion Paper here: Consumer Protection Code: Central Bank publishes Discussion Paper).

The Central Bank still plans to publish a formal Consultation Paper in Q4 2023, followed by a Feedback Statement and a revised CPC (taking the form of new Central Bank regulations) in 2024. However, it has outlined two notable further steps:

  • The revised 2024 CPC will be updated again in 2025. The second set of changes are expected to address matters arising from the Retail Banking Review Report, and key themes arising from the European Commission's retail investment strategy and the planned changes to the Payment Services Directive.

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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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