Ireland Transposes CRD VI And Article 21c – Third Country Branch Requirement

What You Need to Know

The statutory instrument transposing the Capital Requirements Directive (EU) 2024/1619 (“CRD VI”) into Irish law has been published. In this update we look at what this means, and where this might bite from a transactional perspective in the Irish market.

CRD VI

CRD VI¹ is the latest iteration of the EU Banking Directive/Regulation package and amends the Capital Requirements Directive (“CRD”).²

The European Union (Capital Requirements) (Amendment) Regulations 2026 (the “Amending Regulations”)³ transpose CRD VI into Irish law. They were published on 14 July 2026 and came into effect on 10 July 2026.

The Third-Country Branch Requirement

One of the key changes introduced by CRD VI is that certain entities established in a third country that carry out ‘core banking’ activities in a Member State must establish an authorised branch in that Member State (the “Third-Country Branch Requirement”). Regulation 9L of the Amending Regulations transposes the