Brexit FAQ – Financial Services Firms

The Central Bank of Ireland’s mandate and mission underpins our approach to dealing with Brexit. We have been considering Brexit-related issues since before the UK's referendum and, as part of this, we have been seeking to ensure that financial services firms are adequately prepared and resilient enough to cope with the possible effects of Brexit.

From 1 January 2021, UK and Gibraltar firms lost their right to passport, i.e. to pursue business in EU Member States on a Freedom of Establishment and Freedom of Services basis.  Firms that intend to continue or intend to commence providing services in EU Member States, must ensure that they hold the appropriate authorisation.

This FAQ provides general information to financial services firms considering relocating their operations from the UK to Ireland.