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ARTICLE · 03 JULY 2024

Looking Ahead: Irish Developments - Horizon Scanner Finance July 2024

The Senior Executive Accountability Regime (SEAR) goes live on 1 July 2024.

IrelandConsumer Protection

SENIOR EXECUTIVE ACCOUNTABILITY REGIME

The Senior Executive Accountability Regime (SEAR) goes live on 1 July 2024.

In advance of SEAR coming into force, the Central Bank published updated Guidance on the Individual Accountability Framework together with the final regulations (Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Senior Executive Accountability Regime)) Regulations 2024) (the SEAR Regulations) earlier this year.

The SEAR Regulations apply from 1 July 2024, save for the provisions in respect of non-executive directors, which will apply from 1 July 2025.

For more information, read our latest insights here: IAF/SEAR Update: Central Bank publishes final Guidance and SEAR Regulations

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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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