Partial Transposition of the Investment Firms Directive (Directive (EU) 2019/2034) into Irish law

MiFID Firms

Date: 01 October 2021

The Minister for Finance has signed S.I. No.  355 of 2021 and S.I. No. 356 of 2021 to complete a partial transposition of Directive (EU) 2019/2034 (the Investment Firms Directive - IFD) and the implementation of Regulation (EU) 2019/2033 (the Investment Firms Regulation – IFR) into Irish law.  These Regulations come into effect immediately.

Article 62(6) of the IFD inserting a new Article 8a into the Capital Requirements Directive and requiring Member States to require certain investment firms to re-authorise as credit institutions remains to be transposed.