Crowley Millar Solicitors LLP

This Practice Note discusses the definition and regulatory requirements for ‘high cost credit providers’ in Ireland. It explains that such providers must obtain authorisation from the Central Bank of Ireland to offer high cost credit services. This Practice Note also covers the application process for authorisation, renewal requirements, and transitional arrangements, providing an overview of the regulatory regime for these financial providers.

This Practice Note explores the regulation of payment services providers in Ireland. It outlines persons that can provide payment services and the application process for payment service providers. It outlines where exclusions exist, and notifications required when relying on certain exclusions. It highlights the permitted business activities that payment providers may engage in. It discusses the offences which may arise if payment services are provided without authorisation.

This Practice Note discusses the regulation of Retail Credit Firms in Ireland. It outlines the definition of a Retail Credit Firm under Central Bank Act 1997 (Ireland) as amended by the Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 (Ireland). It provides an overview of the regulatory regime for Retail Credit Firms. It explains the application process for authorisation as a Retail Credit Firm and when a Retail Credit Firm could avail of the transitional provisions.

This Practice Note explores the business activity of issuing electronic money (e-money) in or from Ireland. It addresses persons that can issue e-money, the application process for e-money institutions, permitted business activities, and offences which may arise for issuing e-money without authorisation.