Eoin O Connor

[co-author: Sheharyar Nawaz] The CBI’s Consumer Protection Code was first introduced in 2006 and has been heavily amended in the intervening years. The Code is designed to ensure that financial service providers operate in a manner that is fair, transparent, and in the best interests of consumers and represents domestic ‘gold-plating’ of consumer protection requirements for customers of regulated financial service providers in Ireland.

[co-author: Sheharyar Nawaz] The Central Bank of Ireland’s (CBI) Regulatory and Supervisory Outlook 2025 outlines key risk topics which it deems to be most material from a supervisory perspective across the Banking and Payments Sector. Under section four of the Outlook, it consider the Banking, Payments and E-Money, Credit Union, Retail Credit and High Cost Credit Provider Sectors and noted its supervisory activities to tackle the risks identified for the period 2025/2026.

The obligation to notify applies to all parties to a notifiable transaction (except for any party that is unaware of the transaction). The Act provides for a process under which a party to a notifiable transaction can consent to another party notifying on its behalf. The Minster may, having made a screening decision that a transaction affects or would likely affect the security or public order of the State, impose conditions for approval.