Legislation

Legislation relevant to the Central Bank of Ireland’s role in relation to the protection of consumers of financial services includes:

The Life Assurance (Provision of Information) Regulations (Amendment) Regulations 2017 amend Regulation 7 of the Life Assurance (Provision of Information) Regulations 2001 due to the coming into effect of the EU Regulation on key information documents for packaged retail and insurance-based investment products (the PRIIPs Regulation) on 1 January 2018.  The Statutory Instrument disapplies Regulation 7(2) of the Life Assurance (Provision of Information) Regulations 2001 for products that also fall within the scope of the PRIIPs Regulation. 

This list is not exhaustive, it is the responsibility of regulated financial service providers to be aware of and ensure compliance with all aspects of applicable legislation.  Where legislation has been amended, the above references are to that legislation as amended.  Additional legislation which may be relevant to Central Bank of Ireland’s role in respect of consumer protection is listed in Schedule 2 to the Central Bank Act 1942 (as amended).

Industry Letters

Life Assurance (Provision of Information) Regulations (Amendment) Regulations 2017 | pdf 1026 KB

Directions issued under the Consumer Credit Act, 1995

Direction issued by the Office of the Director of Consumer Affairs under Section 135(1) of the Consumer Credit Act, 1995 effective 24 March 1997 | pdf 6 KB Direction issued by the Financial Regulator under Section 135(1) of the Consumer Credit Act, 1995 effective 1 January 2007 | pdf 19 KB