The Central Bank publishes Consultation Paper CP 135 “Consultation on Competent Authority Discretions in the Investment Firms Directive and the Investment Firms Regulations”

Central Bank Consultation Papers of Interest
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Date: 19 January 2021

The Central Bank has published Consultation Paper 135 “Consultation on Competent Authority Discretions in the Investment Firms Directive and the Investment Firms Regulations.”

This consultation seeks stakeholders’ views on the proposed treatment of competent authority discretions set out in the Investment Firms Directive (“IFD”) and the Investment Firms Regulations (“IFR”) and includes proposed changes to the general reporting requirements for investment firms set out in the Central Bank Investment Firms Regulations to align with the new reporting regime under the IFD/IFR.