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ARTICLE · 06 FEBRUARY 2023

New Client Asset Regulations Published In The Irish Statute Book

Arthur Cox
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The new Irish client asset regulations have been published in the Irish Statute Book and will take effect from 1 July 2023.

IrelandFinance and Banking
Sarah Thompson
Sarah Thompson
Robert Cain
Robert Cain
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The new Irish client asset regulations have been published in the Irish Statute Book and will take effect from 1 July 2023. They are available here:

S.I. No. 10/2023 - Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2023

No additional changes have been made to the regulations as compared to the final form published last summer.

By way of reminder, the Central Bank of Ireland expects that investment firms and credit institutions will have already begun their preparations to ensure that they will be fully compliant with the new regulations at the end of the transitional period (1 July 2023 for investment firms and 1 January 2024 for credit institutions undertaking MiFID investment business).

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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