Regulatory Requirements and Guidance
Guidance on Client Asset Requirements
The Central Bank has published Guidance for investment firms to assist industry in interpreting the revised Client Asset Requirements, as contained in the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2023 (S.I. No. 10 of 2023) which will be applicable to investment firms from 1 July 2023 and credit institutions from 1 January 2024. The Guidance on the revised Client Asset Requirements will apply from those dates.
Introduction
Chapter 1: Segregation
Chapter 2: Designation and Reconciliation
Chapter 3: Reconciliation
Chapter 4A: Client Funds Calculation
Chapter 4B: Client Financial Instrument Calculation
Chapter 5: Client Disclosure and Consent
Chapter 6: Risk Management
Chapter 7: Client Asset Examination
Chapter 8: Record-keeping
Chapter 9: Material Transfers of Client Assets
Chapter 10: Credit Institutions
Glossary