Central Bank publishes an updated version of the notice on the Implementation of Competent Authority Discretions in the IFD Regulations and the IFR

Investment Firms
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Date: 03 February 2023

The notice on the Implementation of Competent Authority Discretions in the IFD Regulations and the IFR (PDF 902.67KB)has been updated to take account of the:

  • Publication of updated Implementation Notice for Credit Institutions;
  • Finalisation of transposition of EU Directive 2019/2034;
  • Publication of Commission Delegated Regulations and EBA Guidelines under the IFD/IFR Roadmap for investment firms;
  • Notification that Central Bank permission is required before capital contributions may be recognised as CET1 capital.