Jurisdiction(s):
Ireland

Ireland and EU financial regulation update—March 2025: Central Bank of Ireland Consumer Protection Code overhaul, MiCAR authorisation and RTS, ESMA guidance, DORA reporting FAQs, Savings and Investments Union

Published on: 01 May 2025

Published by a LexisNexis Ireland - Banking & Financial Services expert

Legal News

Article summary

Domestic CBI publishes updates to the Consumer Protection Code

On 24 March 2025, the Central Bank of Ireland (CBI) finalised its review of the Consumer Protection Code 2012 (2012 Code) and issued documents that, collectively, will revise and replace the 2012 Code from 24 March 2026. After concluding the CP158 consultation, the CBI released a feedback statement on the Consumer Protection Code (CPC). CP158 proposed a modernised code and provided a three‑month consultation window to encourage engagement, generating 57 written submissions. The feedback highlighted concerns and specific questions, leading to amendments and clarifications to the proposals. The feedback statement was issued alongside Central Bank Regulations to give effect to the revised CPC, with a 12‑month implementation period...

CPC final regulations

The CBI also published the CPC final regulations, intended to strengthen consumer protections with a particular focus on:

digitalisation;
informing effectively;
mortgage switching;
provision of unregulated activities by regulated firms;
frauds and scams;
consumers in vulnerable circumstances;
greenwashing; and
consumer credit requirements...

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