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ARTICLE · 18 APRIL 2024

Central Bank Updates Approach To Authorising Payment Institutions / E-Money Institutions

William Fry LLP
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On 9 April 2024, the Central Bank of Ireland (the Central Bank) published its updated approach to authorisation of Payment Institutions (PIs) (including registration...

IrelandTechnology
Shane Kelleher
Shane Kelleher
Louise McNabola
Louise McNabola
Jane Balfe
Jane Balfe
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On 9 April 2024, the Central Bank of Ireland (the Central Bank) published its updated approach to authorisation of Payment Institutions (PIs) (including registration of Account Information Service Providers (AISPs)) and Electronic Money Institutions (EMIs) in Ireland together with a document setting out its expectations regarding the authorisation/registration of these regulated fintech entities.

The Central Bank recognises that, as one of the largest sub-sectors within the broader fintech universe in Ireland, the authorisation and supervision of firms operating in the PI and EMI sector, is an important and growing part of its mandate.

Document outlining the Central Bank's expectations

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