ARTICLE · 28 OCTOBER 2026
FIG Top 5 At 5 – 01/10/2026
The Central Bank of Ireland has published a comprehensive consultation on proposed changes to its industry funding levy methodologies, marking a significant shift away from PRISM impact categorisation toward ad valorem approaches for multiple industry categories. These changes affect insurance undertakings, investment firms, retail credit firms, and payment institutions, with implementation planned over a four-year transition period beginning in 2027.
IrelandFinance and Banking
1. Central Bank Updates: (1) Central Bank publishes consultation on industry funding levy proposals (2) Central Bank updates MiFID communications webpage and publishes various MiFID forms
1. Central Bank publishes consultation on industry funding levy proposals
On 25 September 2026, the Central Bank of Ireland (“Central Bank”) published a consultation (“CP172”) on proposed changes to the methodologies used by the Central Bank for deciding on, and calculating, the industry funding levy (“Levy”) amount payable by firms in some industry categories.
The Central Bank is authorised to prescribe the annual Levy, to be paid by regulated entities to the Central Bank, by the Central Bank Act 1942 (as amended). The Levy funds the cost of the Central Bank’s financial regulation activities for the previous year, and in that regard, regulations are made on a yearly basis – for more information on the latest regulations, see FIG Top 5 at 5 dated 27 August 2026.
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