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ARTICLE · 17 JULY 2026

FIG Top 5 At 5 - 09/07/2026

The European Union introduces comprehensive new regulations for distance contracts in financial services, strengthening consumer protections for online and phone-based purchases. Meanwhile, AMLA advances anti-money laundering cooperation with consultations on standardized reporting formats and cross-border information sharing, while EIOPA proposes significant changes to insurance taxonomy disclosures and value-for-money benchmarks.

IrelandFinance and Banking

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

1. European Union (Distance Contracts for Financial Services) Regulations 2026 are published

On 3 July 2026, the European Union (Distance Contracts for Financial Services) Regulations 2026 (“Regulations”) were signed into law by the Tánaiste and Minister for Finance, Simon Harris TD.

The Regulations give effect to directive EU 2023/2673 (“Distance Marketing Directive”), amending the Consumer Rights Act 2022 (CRA 2022”), and related legislation, and introducing new rules for distance contracts for financial services. The Regulations aim to strengthen protections for consumers purchasing financial products or services online or over the phone.

Specifically, the Regulations insert a new Part 5A and Schedule 3A into the CRA 2022. Some of the new requirements, as per the Regulations, are as follows:

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