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ARTICLE · 10 APRIL 2018

Insurance Regulatory Update, March 2018

Arthur Cox
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The Central Bank has published important information on service continuity post-Brexit relevant to Irish insurance intermediaries passporting into the UK.

IrelandInsurance
Arthur Cox
Arthur Cox
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DOMESTIC NEWS - MARCH 2018 UPDATE

CENTRAL BANK RELEASES SPECIAL EDITION OF INTERMEDIARY TIMES ON BREXIT PLANNING

The Central Bank has published important information on service continuity post-Brexit relevant to Irish insurance intermediaries passporting into the UK. As the UK will become a third-country after it formally withdraws from the EU, Irish insurance intermediaries will no longer be able to provide services in the UK under their current registration (and vice versa for UK insurance intermediaries passporting into Ireland). Accordingly, the Central Bank has set out the necessary steps that it expects all Irish intermediaries passporting into the UK to take with regard to their contingency planning:

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