Legislation

Legislation relevant to the Central Bank of Ireland’s role in relation to the protection of consumers of financial services includes:

  • Central Bank Acts 1942 to 2013
  • Consumer Protection Act 2007
  • Building Societies Acts 1989 and 2006
  • Insurance Acts 1909 to 2009
  • Consumer Credit Act 1995
  • Consumer Protection (Regulation of Credit Servicing Firms) Act 2015
  • Investment Intermediaries Act 1995
  • Credit Union Acts 1997 to 2012
  • Investor Compensation Act 1998
  • S.I. No. 359 of 1994 European Communities (Non-Life Insurance) Framework Regulations 1994
  • S.I. No. 360 of 1994 European Communities (Life Assurance) Framework Regulations 1994
  • S.I. No 27 of 1995 European Communities (Unfair Terms in Consumer Contracts) Regulations 1995
  • S.I. No. 15 of 2001 Life Assurance (Provision of Information) Regulations 2001
  • S.I. No. 853 of 2004 European Communities (Distance Marketing of Consumer Financial Services) Regulations 2004
  • S.I. No. 13 of 2005 European Communities (Insurance Mediation) Regulations 2005
  • S.I. No 60 of 2007 European Communities (Markets in Financial Instruments) Regulations 2007
  • S.I. No. 74 of 2007 Non-Life Insurance (Provision of Information) (Renewal of Policy of Insurance) Regulations 2007
  • S.I. No. 383 of 2009 European Communities (Payment Services) Regulations 2009
  • S.I. No 183 of 2010 European Communities (Cross-Border Payments) Regulations 2010
  • S.I. No. 281 of 2010 European Communities (Consumer Credit Agreements) Regulations 2010
  • S.I. No. 183 of 2011 European Communities (Electronic Money) Regulations 2011
  • S.I. No 352 of 2011 European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011
  • S.I. No 257 of 2013 European Union (Alternative Investment Fund Managers) Regulations 2013
  • S.I. No 585 of 2015 Central Bank (Supervision and Enforcement) Act 2013 (Section 48) (Lending to Small and Medium-Sized Enterprises) Regulations 2015
  • S.I. No 142 of 2016 European Union (Consumer Mortgage Credit Agreements) Regulations 2016 
  • S.I. No 280 of 2016 Central Bank (Supervision and Enforcement) Act 2013 (Section 48) (Lending to Small and Medium-Sized Enterprises) (Amendment) Regulations 2016
  • S.I. No 482 of 2016 European Union (Payment Accounts) Regulations 2016

This list is not exhaustive, it is the responsibility of regulated financial service providers to be aware of and ensure compliance with all aspects of applicable legislation.  Where legislation has been amended, the above references are to that legislation as amended.  Additional legislation which may be relevant to Central Bank of Ireland’s role in respect of consumer protection is listed in Schedule 2 to the Central Bank Act 1942 (as amended).

Directions issued under the Consumer Credit Act, 1995

Direction issued by the Office of the Director of Consumer Affairs under Section 135(1) of the Consumer Credit Act, 1995 effective 24 March 1997 | pdf 6 KB Direction issued by the Financial Regulator under Section 135(1) of the Consumer Credit Act, 1995 effective 1 January 2007 | pdf 19 KB