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ARTICLE · 14 JULY 2026

Ireland Moves On CRD VI: Article 21c Transposition Update

Arthur Cox
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Ireland has transposed Article 21c of the Capital Requirements Directive VI into domestic law through a statutory instrument signed on July 10, 2026. The transposition adopts a faithful copy-out approach, maintaining full alignment with European-level requirements without introducing additional restrictions or clarifications, though no explanatory guidance will be published by Irish authorities.

IrelandFinance and Banking
Sarah Thompson
Sarah Thompson
Robert Cain
Robert Cain
Katherine Quirke
Katherine Quirke
Sinead Cantillon
Sinead Cantillon
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On Friday 10 July 2026, an extract from the Statutory Instrument (S.I.) transposing CRD VI into Irish law, was circulated to stakeholders by the Department of Finance.

The extract relates to the transposition of Article 21c.

As expected, the extract represents a faithful transposition of the Article 21c requirements and exemptions.

Whilst clarifications in the domestic text could have been helpful in assisting market participants in navigating the Article 21c requirements (other Member States have adopted such a clarificatory approach to transposition), the copy out approach means that Ireland’s national transposition remains fully aligned with the European level text. This is helpful in the sense that no additional requirements or restrictions have been introduced.

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