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About Ireland - Banking & Financial Services

The uncertain economic climate has led to unprecedented challenges in the banking and financial services sectors. It is more difficult than ever to get your deals done. Lexis+ Ireland - Banking & Financial Services gives you time-saving precedents, practical guidance and expert commentary to help you stay up to date.
We provide guidance on investment, funds, debt markets, insurance, derivatives, and virtual assets, along with Central Bank regulation, investigations, and news on ISDA and LMA documents.

Lending & credit support

Practice notes and precedents covering the creation and enforcement of bilateral facility agreements, security over different types of assets and guarantees in finance transactions.

Regulation of financial institutions in Ireland

Guidance on the authorisation and supervision of Irish financial institutions and the regulation of a wide range of areas include anti money laundering, fintech, payment services and e-money, credit, insurance and crowdfunding.

Key developments and horizon scanning

Transactional lawyers need to stay on top of market changes. We track developments of key industry bodies such as the LMA and ISDA as well as hot topics to help keep you updated.

International guidance

Q&A guides provide jurisdiction specific information and overviews on financial services litigation, securities litigation and fintech.

Our Top Sources

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Associated legal terms

Gross receipts

‘Gross receipts’ means 100% of all sums actually received by the publisher in sterling in the UK arising directly and identifiably from the use and/or exploitation of the (for example) music in the territory after the deduction of the excluded Items.

Pro forma financial statements

Financial statements that are tailored to take into account certain factors; eg where a company has acquired another company the pro forma financial statements will include EBITDA from both companies and anticipated synergies from the acquisition

Trust Registration Service (TRS)

The Trust Registration Service (TRS) is HMRC’s online register for recording beneficial ownership and key information about certain UK and non-UK trusts for anti‑money laundering and tax transparency purposes. It is central to private client, tax, trusts and estates practice in England and Wales, Scotland and Northern Ireland.

In the UK, the TRS is created and governed primarily by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended). These regulations set out which express trusts must register, deadlines, update requirements, and the limited circumstances in which information can be accessed by law enforcement and, in some cases, third parties with a legitimate interest.

Registration typically involves providing details of the settlor, trustees, beneficiaries (or classes), trust assets and relevant tax information. Failure to register, or to keep details up to date, can attract HMRC penalties and may cause issues with banks, investment providers and conveyancers conducting client due diligence.

The term “TRS” is specific to the UK; Ireland operates a separate Central Register of Beneficial Ownership of Trusts under its own anti‑money laundering regime, with similar but distinct registration obligations.
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