ARTICLE · 17 DECEMBER 2025

FIG Top 5 At 5 – 04/12/2025

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On 1 December 2025, the Central Bank of Ireland ("Central Bank") published the latest edition of its Investment Firm and Intermediary Newsletter ("Newsletter").

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Caroline Kearns

Gráinne Callanan

Niamh Mulholland

Claire Scannell

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This week's edition of the FIG Top 5 at 5

1. Central Bank publishes November 2025 Investment Firm and Intermediary Newsletter

On 1 December 2025, the Central Bank of Ireland ("Central Bank") published the latest edition of its Investment Firm and Intermediary Newsletter ("Newsletter"). The Newsletter covers topics of interest, significant work and regulatory issues that retail intermediary firms, MiFID firms and crowdfunding service providers need to be aware of.

Some key highlights from this edition include:

Intermediary Insights

Review of retail intermediaries operating on the basis of a fair or limited analysis of the market

As set out in the May 2025 Investment Firm and Intermediary Newsletter, the Central Bank concluded its thematic review ("Review") on whether retail intermediaries provide services to consumers on the basis of a "fair" or "limited" analysis of the market, as per the definition of these terms in Chapter 12 of the

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