Country Manual Private Banking
Ireland
out of Bank’s Country of Establishment (Def, RS, BT & RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | Yes |
Regulatory Template, Regulatory Summary and Behaviour Template
Material changes
We have reviewed the documents following a review of Irish legislation and can confirm that there have been no major legislative changes affecting the Country Manual apart from the coming into force of the Consumer Rights Act 2022. The section on Consumer Protection has been updated.
The answers for credit cards have been aligned with the BRP Credit Manual for Ireland, so for example the answer for collecting a signed card agreement is now Grey zone/YES rather than Grey zone.
In relation to the implementation of CRD VI in Ireland the Central Bank of Ireland has consulted on changes but no draft implementing legislation has been published yet. The approach to reverse solicitation in relation to banking services will likely change in the future and there will be a formalised approach under CRD VI.
Non-material changes
Some comments and content have been slightly reworded (without introducing material changes) to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
BT Short Comparison
This document allows users to quickly identify the modifications made compared to the previous version of the PB Manual (BT Short Comparison). The BT Short Comparison can be found on BRP’s platform (mybrponline) in the Search tab by entering in the Document Field “CM PB BT SHORT COMP” and “IRELAND” in the Target Country Field.
The BT Short Comparison should be read as follows:
The first column contains a short description of the activity in question. The second column contains the answers of the previous version of the Country Manual (online until the day of the alert). The third column contains the new answers of the most recent version of the Country Manual. Only the modified answers are displayed (in colour). If the answers in the new version are unchanged compared to the previous version, they are shaded in grey.
For more information, please contact us: info@brpsa.com
Geneva, October 9th, 2025