Powered by Lexis+®
Jurisdiction(s):
Ireland
Related legal acts
View More View Less

Ireland: Investment Intermediaries Act 1995 authorisation of investment business firms—scope, MiFID II interaction, application, conditions, exemptions, supervision, passporting and Individual Accountability Framework

Practice notes
imgtext

This Practice Note examines the principal considerations for securing authorisation of an Investment Business Firm in Ireland under the Investment Intermediaries Act 1995 (Ireland), as amended (IIA 1995 (IRL)).

The Irish Legal and Regulatory Framework for the Investment Intermediaries Act 1995 (Ireland)

EU-wide alignment for investment firms commenced in 1993 with Directive 93/6/EEC on the capital adequacy of investment firms and credit institutions (the Capital Adequacy Directive) and Directive 93/22/EEC on investment services in the securities sector (the Investment Services Directive).

The Capital Adequacy Directive sought to create consistent capital standards for investment firms and credit institutions, while the Investment Services Directive set out the conditions permitting investment firms, authorised and supervised by their home Member State regulator, to provide specified services and gain access to regulated markets across other Member States.

In Ireland, these measures were implemented through the enactment of the IIA 1995 (IRL). Both the Capital Adequacy Directive and the Investment Services Directive have since been repealed and replaced by later EU legislation. The contemporary EU regime governing investment firms began with Directive 2004/39/EC (MiFID I) and is now underpinned by Directive 2014/65/EU...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
Jeffrey Horahan
Jeffrey Horahan

Jeffrey joined Simmons & Simmon’s Dublin office in 2022 and is a member of the firm’s financial services regulation team. Jeffrey is a barrister and a Fellow of the Chartered Institute of Arbitrators.Jeffrey primarily advises on the Irish and EU regulatory perimeter, and works across a wide range of clients. He advises on MiFID II, payment services, e-money and cryptoasset regulation, securities regulation, domestic banking regulation, AML, fitness & probity matters, environmental, social and governance (ESG) issues and sustainable finance, and the rules of the Central Bank of Ireland.Prior to joining the firm, Jeffrey practiced at the Bar of Ireland for a number of years. During this time, Jeffrey was an adjudicator for the Financial Services and Pensions Ombudsman, a panel member for the provision of legal and related services to the Central Bank of Ireland, appointed an Independent Appeals Office for the...

Derek Lawlor
Derek Lawlor , BL

Derek is a partner in Simmons & Simmons and leads the firm’s financial services regulation practice in Dublin. Derek advises extensively on the regulatory and conduct obligations which apply to Irish credit institutions, MiFID investment firms as well as other financial service providers including e-money institutions, payment services providers and virtual asset service providers. Derek also advises on the EU sustainable finance regime, including the Taxonomy, and on Irish conduct rules, including the proposed new individual accountability regime and SEAR....

Web page updated on 22/05/2026

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow