The Financial Regulator has a number of key processes that apply to most financial service providers. These processes are:
Administrative Sanctions
The Financial Regulator has power to impose sanctions for prescribed contraventions of legislation or regulatory rules by financial service providers. For more information visit our Administrative Sanctions Section.
Anti-Money Laundering
Financial institutions currently designated under the Criminal Justice Act, 1994 (the Act) are obliged to take the necessary measures to effectively counteract money laundering in accordance with the provisions of the Act. For more information visit our Anti-Money Laundering Section.
Authorisation
The following is a general overview of the authorisation regime applied by the Financial Regulator when authorising financial service providers. For more information visit our Authorisation Section.
Consumer Protection
The Consumer Protection Code, which came fully into effect on 1 July 2007, is the foundation of the Financial Regulator’s work in protecting consumers of the financial services providers we regulate. For more information visit our Consumer Protection Section.
Establishing in Ireland
The Financial Regulator is responsible for the regulation of most financial service firms in Ireland. The first step for a firm or individual proposing to provide a financial service in Ireland is to ascertain whether they need an authorisation/licence/approval from the Financial Regulator. For more information visit our Establishing in Ireland Section.
Industry Funding Levy
Any financial service provider who is authorised and regulated by the Financial Regulator on 31 December of a given year is liable to pay the levy for the following year. For more information visit our Industry Funding Levy Section.
Minimum Competency Requirements
The Minimum Competency Requirements introduce a competency framework that is designed to establish minimum standards for regulated entities. For more information visit our Minimum Competency Requirements Section.
Supervision Approach
The following is general information on our supervisory process for financial service providers is provided. For more information visit our Supervision Section.