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ARTICLE · 11 OCTOBER 2024

Part 1: CPC Review – Potential Changes And Challenges Facing Insurance Firms

William Fry LLP
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On 7 March 2024, the Central Bank of Ireland (Central Bank) published its consultation paper (CP 158) on the revised draft Consumer Protection Code (Revised Code) and connected areas.

IrelandConsumer Protection
Marguerite Sinnott
Marguerite Sinnott
Eoin Caulfield
Eoin Caulfield
Ian Murray
Ian Murray
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On 7 March 2024, the Central Bank of Ireland (Central Bank) published its consultation paper (CP 158) on the revised draft Consumer Protection Code (Revised Code) and connected areas.

The consultation period closed on 7 June 2024. Feedback on the consultation and the implementation of the final requirements is expected during 2025 and 2026. Firms will have one year from finalisation to put the new processes in place.

This article (divided into Parts 1 and 2) provides a general overview and background on key changes affecting (re)insurers and intermediaries. Although in the consultation phase (now closed), the final form of the Revised Code is likely to remain largely unchanged. Regulated firms, including (re)insurers and intermediaries, will need to start a gap analysis and other planning.

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