There are additional ongoing requirements in relation to payment institutions once they are authorised. These are set out in the document entitled “Prudential requirements for Payment Institutions authorised under S.I. no. 383 of 2009 – European Communities (Payment Services) Regulations, 2009”. The following list is not exhaustive and is intended to serve as a guide only. If any payment institution is unclear of its obligations, they should contact the Investment Service Providers Supervision department. Contact details are available in the Contact Us section.
Change of Director / Manager
Any change of director/manager should be notified to the Central Bank. This includes both proposed appointments and resignations. All proposed appointees are subject to the “Fitness & Probity” regime as outlined in the Supervision Process section.
Change in Qualifying Holding
Changes in qualifying holdings in payment institutions are subject to the prior approval of the Central Bank. Firms are obliged to advise the Central Bank on an annual basis of their ownership structure.
Change of company name
The Central Bank must first approve any change in company name before it is submitted to the Companies Registration Office.
Application for extension of authorisation
An application by a firm to extend its payment institutions authorisation requires the prior approval of the Central Bank.
Change of Address
Any change of address by an authorised payment institution must be notified in advance to the Investment Service Providers Supervision department. This will allow us to update our records and systems on a timely basis.
Other Changes
If there is uncertainty regarding whether a change within a firm constitutes a material change for supervisory purposes the payment institution should contact the Investment Service Providers Supervision department directly. Contact details are available in the Contact Us section.