Industry Funding Levy Information for Retail Credit Firms, Home Reversion Firms and Credit Servicing Firms

M1 - Retail Credit Firms

M3 - Credit Servicing Firms

Each Retail Credit Firm and Credit Servicing Firm that has been authorised, or deemed authorised, by the Central Bank of Ireland shall be liable to pay the levy contribution corresponding to its impact category as set out in Table 1 below:  

Table 1

Impact Category  Ultra High  High  Medium High  Medium Low  Low 
Levy
N/A
N/A
N/A
N/A

€42,630

 

In addition, for the purposes of providing the Central Bank with sufficient funds to enable it to conduct its broad examination of tracker mortgage related issues, as commenced in 2015 and notified to each relevant lender, in 2018 retail credit firms in sub-category M1 that are subject to the Tracker Mortgage Examination shall will be liable to pay a supplementary levy to the Central Bank.

This supplementary levy will be set out in a levy invoice sent to each relevant retail credit firm.

M2 - Home Reversion Firms

Each Home Reversion Firm that has been authorised by the Central Bank shall be liable to pay the levy contribution corresponding to its impact category as set out in Table 2 below:

Table 2

Impact Category  Ultra High  High  Medium High  Medium Low  Low 
Levy
N/A
N/A
N/A
N/A
€3,740
           

Click here to read more on the annual levying process