Ireland Update – Use Of Electronic Signatures On Regulatory Documents And Forms

In a statement published on 24 August 2020, the Central Bank of Ireland (the "Central Bank") confirmed to regulated firms that its policy regarding the use of electronic signatures is that, in the absence of any specific legal provisions to the contrary, regulated firms may use electronic signatures in submitting regulatory documents and forms to the Central Bank.

The Central Bank advised that it reserves the right to request a "wet ink" signature where the Central Bank deems it appropriate. In addition, the Central Bank expects regulated firms to continue to meet their regulatory and statutory obligations on an ongoing basis including the requirement to have adequate internal systems and controls.