1. Central Bank of Ireland Updates
Central Bank of Ireland Guidance on Client Asset and
Investor Money Requirements
On 4 July 2023, the Central Bank of Ireland (the
"Central Bank") published the final
Guidance on Client Asset and Investor Money
Requirements (the
"Guidance") which aims to assist
industry in interpreting the revised Client Asset Requirements
("CAR"), as contained in the Central
Bank (Supervision and Enforcement) Act 2013 (Section 48(1))
(Investment Firms) Regulations 2023.
Purpose of the CAR Regime
The protection of client assets is a key priority for the
Central Bank and has been since the regime was first introduced in
2007 and updated in 2015 and 2017.
