Current Consultations
Where there is a Consultations on which Fintech Ireland is working on with the fintech community, it will appear immediately below. If you spot a consultation which you think we should be involved with, get in touch.
Contact us at hello@fintechireland.com
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Department of Finance
Future National Payments Strategy (NPS) for Ireland Consultation Paper PDF - here Consultation Page at Department's website - here Fintech Ireland blog - here The Minister for Finance Michael McGrath TD, has today 12 December launched a public consultation seeking the public’s views on a future National Payments Strategy (NPS) for Ireland. The consultation commences 12 December 2023 and ends on 14 February 2023. |
Central Bank of Ireland CP156
CP156 - Consultation Paper on Innovation Engagement
Pre-register for our event on CP156 by emailing EVENTS at FINTECHIRELAND dot COM
Fintech Ireland Blog - here
Consultation Paper - here
Press release - here
It has been talked about for quite sometime now, and it is finally here. A consultation from the Irish regulator which puts formally on the table an 'Innovation Sandbox'. And it includes a 'regulatory advice' role!
CP Number : CP156
Date : 8 November 2023
Closing Date : 8 February 2024
CP156 - Consultation Paper on Innovation Engagement
Pre-register for our event on CP156 by emailing EVENTS at FINTECHIRELAND dot COM
Fintech Ireland Blog - here
Consultation Paper - here
Press release - here
It has been talked about for quite sometime now, and it is finally here. A consultation from the Irish regulator which puts formally on the table an 'Innovation Sandbox'. And it includes a 'regulatory advice' role!
CP Number : CP156
Date : 8 November 2023
Closing Date : 8 February 2024
Closed Consultations
Department of Finance
Funds Sector 2030: A Framework for Open, Resilient & Developing Markets Public Consultation 21 June 2023
Consultation Paper - here
To ensure that Ireland’s financial services sector is and remains resilient, future-proofed and a continued example of international best-practice, the Minister for Finance, Michael McGrath T.D. announced a review of the funds sector on 6 April 2023. The Terms of Reference of the Funds Sector 2030 Review can be found in Appendix 1 to this Public Consultation Paper. The Department of Finance will conduct the Review and report to the Minister for Finance in summer 2024. The consultation commences 21 June 2023 and ends on 15 September 2023.
Funds Sector 2030: A Framework for Open, Resilient & Developing Markets Public Consultation 21 June 2023
Consultation Paper - here
To ensure that Ireland’s financial services sector is and remains resilient, future-proofed and a continued example of international best-practice, the Minister for Finance, Michael McGrath T.D. announced a review of the funds sector on 6 April 2023. The Terms of Reference of the Funds Sector 2030 Review can be found in Appendix 1 to this Public Consultation Paper. The Department of Finance will conduct the Review and report to the Minister for Finance in summer 2024. The consultation commences 21 June 2023 and ends on 15 September 2023.
Department of Finance
Markets in Crypto Assets Regulation (EU 2023/1114) Public Consultation
Consultation Paper - here
Press release - here
Fintech Ireland Blog (9 August 2023) - here
Fintech Ireland Blog (19 December 2023) - here
Feedback Statement - here
Minister for Finance Michael McGrath TD has today announced the launch of a public consultation on the exercise of national discretions contained within the Markets in Crypto Assets Regulation (MICAR) (EU) 2023/1114. The Markets in Crypto-Assets Regulation is the first European-level legislation introducing a harmonised and comprehensive framework for crypto-assets, covering issues from the offering to the public of crypto-assets to preventing market abuse in crypto-asset markets. The consultation commences 9 August 2023 and ends 5p.m. on 15 September 2023.
Markets in Crypto Assets Regulation (EU 2023/1114) Public Consultation
Consultation Paper - here
Press release - here
Fintech Ireland Blog (9 August 2023) - here
Fintech Ireland Blog (19 December 2023) - here
Feedback Statement - here
Minister for Finance Michael McGrath TD has today announced the launch of a public consultation on the exercise of national discretions contained within the Markets in Crypto Assets Regulation (MICAR) (EU) 2023/1114. The Markets in Crypto-Assets Regulation is the first European-level legislation introducing a harmonised and comprehensive framework for crypto-assets, covering issues from the offering to the public of crypto-assets to preventing market abuse in crypto-asset markets. The consultation commences 9 August 2023 and ends 5p.m. on 15 September 2023.
Basel Committee on Banking Supervision
Prudential Treatment Cryptoasset Exposures
Consultation Paper - here
Press release - here
2019 Discussion Paper - here
The Basel Committee on Banking Supervision has published a public consultation on preliminary proposals for the prudential treatment of banks' cryptoasset exposures. This document builds on the contents of the Committee's 2019 discussion paper and responses received from a broad range of stakeholders, as well as ongoing initiatives undertaken by the international community.
The Committee welcomes comments on all aspects of the preliminary proposals, including the questions in the consultative document. Comments on the proposals should be uploaded here by Friday 10 September 2021. All comments will be published on the website of the Bank for International Settlements unless a respondent specifically requests confidential treatment.
Prudential Treatment Cryptoasset Exposures
Consultation Paper - here
Press release - here
2019 Discussion Paper - here
The Basel Committee on Banking Supervision has published a public consultation on preliminary proposals for the prudential treatment of banks' cryptoasset exposures. This document builds on the contents of the Committee's 2019 discussion paper and responses received from a broad range of stakeholders, as well as ongoing initiatives undertaken by the international community.
The Committee welcomes comments on all aspects of the preliminary proposals, including the questions in the consultative document. Comments on the proposals should be uploaded here by Friday 10 September 2021. All comments will be published on the website of the Bank for International Settlements unless a respondent specifically requests confidential treatment.
Central Bank of Ireland CP141
CP141 - Crowdfunding Marketing Requirements
NB - this Consultation Paper to be discussed at our EVENT Roundtable: Project Crowdfunding – A new Regulated Industry for Ireland and Europe on Tuesday 27th April 2021 at 133:00 Irish / UK time (08:00 US ET) .
The Central Bank of Ireland (Central Bank) will be designated as the competent authority in Ireland for the supervision of Crowdfunding Service Providers in Ireland under the European Union wide Regulation (EU) 2020/1503. The Regulation will apply from 10 November 2021. The Central Bank is welcoming views and questions from all parties with an interest in the Consultation.
CP Number : CP141
Date : 13 April 2021
Closing Date : 13 July 2021
CP141 - Crowdfunding Marketing Requirements
NB - this Consultation Paper to be discussed at our EVENT Roundtable: Project Crowdfunding – A new Regulated Industry for Ireland and Europe on Tuesday 27th April 2021 at 133:00 Irish / UK time (08:00 US ET) .
The Central Bank of Ireland (Central Bank) will be designated as the competent authority in Ireland for the supervision of Crowdfunding Service Providers in Ireland under the European Union wide Regulation (EU) 2020/1503. The Regulation will apply from 10 November 2021. The Central Bank is welcoming views and questions from all parties with an interest in the Consultation.
CP Number : CP141
Date : 13 April 2021
Closing Date : 13 July 2021
Central Bank of Ireland CP140
CP140 - Cross Industry Guidance on Operational Resilience
The Central Bank of Ireland seeks stakeholders’ views on the proposed “Cross Industry Guidance on Operational Resilience". "In developing these proposals we considered the responses to an Operational Resilience Maturity Assessment. These self-assessments were designed to gain an understanding of firms’ views of their level of operational resilience preparedness. In general, these indicated that firms need to build on existing business continuity management approaches to take an end-to-end business services approach to the operational resilience of critical or important business services."
CP Number : CP140
Date : 09 April 2021
Closing Date : 09 July 2021
CP140 - Cross Industry Guidance on Operational Resilience
The Central Bank of Ireland seeks stakeholders’ views on the proposed “Cross Industry Guidance on Operational Resilience". "In developing these proposals we considered the responses to an Operational Resilience Maturity Assessment. These self-assessments were designed to gain an understanding of firms’ views of their level of operational resilience preparedness. In general, these indicated that firms need to build on existing business continuity management approaches to take an end-to-end business services approach to the operational resilience of critical or important business services."
CP Number : CP140
Date : 09 April 2021
Closing Date : 09 July 2021
Central Bank CP138
Consultation on Cross-Industry Guidance on Outsourcing
This paper consults on the Central Bank’s proposed Cross-Industry Guidance on Outsourcing (‘the Guidance’). It follows on from the publication of the paper ‘Outsourcing – Findings and Issues for Discussion’ in November 2018 and the hosting of an industry Outsourcing Conference in April 2019.
CP Number : CP138
Date : 25 February 2021
Closing Date : 26 July 2021
Consultation Paper Document
Consultation on Cross-Industry Guidance on Outsourcing
This paper consults on the Central Bank’s proposed Cross-Industry Guidance on Outsourcing (‘the Guidance’). It follows on from the publication of the paper ‘Outsourcing – Findings and Issues for Discussion’ in November 2018 and the hosting of an industry Outsourcing Conference in April 2019.
CP Number : CP138
Date : 25 February 2021
Closing Date : 26 July 2021
Consultation Paper Document
Central Bank of Ireland CP136
Consultation on Enhancing our Engagement with Stakeholders
The Consultation Paper includes proposals to enhance the Central Bank’s stakeholder engagement in certain areas and will build on existing engagement with relevant stakeholders to facilitate greater discussion of cross-sector, strategic issues that affect the Central Bank’s oversight of the financial system.
CP Number : CP136
Date : 11 February 2021
Closing Date : 11 May 2021
Consultation on Enhancing our Engagement with Stakeholders
The Consultation Paper includes proposals to enhance the Central Bank’s stakeholder engagement in certain areas and will build on existing engagement with relevant stakeholders to facilitate greater discussion of cross-sector, strategic issues that affect the Central Bank’s oversight of the financial system.
CP Number : CP136
Date : 11 February 2021
Closing Date : 11 May 2021
Central Bank of Ireland CP137
Consultation on New Methodology to Calculate Funding Levies payable by Payment Institutions and E-Money Institutions
This consultation seeks stakeholders’ views on a revised methodology for calculating the Industry Funding Levy payable by Payment Institutions and E-Money Institutions.
The case for a new levy methodology centres on a need to take account of the changing landscape in the market, revisions to the Central Bank’s PRISM risk models and a funding strategy which aims to achieve a predictable, transparent and proportionate approach to the calculation of levies.
CP Number : CP137
Date : 16 February 2021
Closing Date : 16 April 2021
Consultation on New Methodology to Calculate Funding Levies payable by Payment Institutions and E-Money Institutions
This consultation seeks stakeholders’ views on a revised methodology for calculating the Industry Funding Levy payable by Payment Institutions and E-Money Institutions.
The case for a new levy methodology centres on a need to take account of the changing landscape in the market, revisions to the Central Bank’s PRISM risk models and a funding strategy which aims to achieve a predictable, transparent and proportionate approach to the calculation of levies.
CP Number : CP137
Date : 16 February 2021
Closing Date : 16 April 2021
Closed Consultations
CLOSED 26 June 2020: Fintech Ireland Survey supporting the EU Consultation Paper
CLOSED: Fintech Ireland submitted its response to this consultation on 26 June 2020
Thanks for the support on this repsonse for the Irish fintech community!
NB: This 'EU Consultation on a Fintech Action Plan / New Digital Finance Strategy' Survey was announced on Tuesday 16th June at the "Ireland for Fintech" Webinar. Although we would encourage you to complete the EU Consultation Paper direct at https://ec.europa.eu/info/consultations/finance-2020-digital-finance-strategy_en, Fintech Ireland has created this complementary Survey for firms that may not wish to complete the EU Consultation Paper and would prefer to join a COLLECTIVE response. Unless necessary, we have followed the wording and format of the European Consultation. This Survey should only be completed by fintechs located in the Ireland, both the Republic of Ireland and Northern Ireland.
If you choose to complete this Survey by Fintech Ireland it is IMPORTANT that you have a copy of the Commission's Consultation Paper to hand for context and background. The link is in the above paragraph
Personal Data: The only personal data we are requesting is that of the person who is completing this survey on behalf of a fintech company (i.e. the agent of the company) and replicates the data being collected through the EU Consultation Paper. By completing the survey you, as agent of the company, are confirming that you are authorised to provide any and all of the information you furnish to Fintech Ireland and you hold us harmless should you fail to obtain the necessary authorisation from your company. You agree that we may process any personal data you, in your capacity as agent for the company, furnish to us for the purposes of contacting you to confirm the data furnished to Fintech Ireland. The information we receive in this Survey will be passed on to the European Commission and you have permitted us to to do so. The Commission's personal data protection provisions are here - https://ec.europa.eu/info/law/better-regulation/specific-privacy-statement.
Otherwise we will keep confidential and we will not share with anyone the specific answers you provide us except in aggregate form nor will we identify the name of any person or company to any person outside of Fintech Ireland except as provided for above.
Fintech Ireland is a registered trading name of the data controller Visible Compliance Limited (Irish company registration number 406557).
If you have any questions about this Survey please contact hello@fintechireland.com
Thanks for the support on this repsonse for the Irish fintech community!
NB: This 'EU Consultation on a Fintech Action Plan / New Digital Finance Strategy' Survey was announced on Tuesday 16th June at the "Ireland for Fintech" Webinar. Although we would encourage you to complete the EU Consultation Paper direct at https://ec.europa.eu/info/consultations/finance-2020-digital-finance-strategy_en, Fintech Ireland has created this complementary Survey for firms that may not wish to complete the EU Consultation Paper and would prefer to join a COLLECTIVE response. Unless necessary, we have followed the wording and format of the European Consultation. This Survey should only be completed by fintechs located in the Ireland, both the Republic of Ireland and Northern Ireland.
If you choose to complete this Survey by Fintech Ireland it is IMPORTANT that you have a copy of the Commission's Consultation Paper to hand for context and background. The link is in the above paragraph
Personal Data: The only personal data we are requesting is that of the person who is completing this survey on behalf of a fintech company (i.e. the agent of the company) and replicates the data being collected through the EU Consultation Paper. By completing the survey you, as agent of the company, are confirming that you are authorised to provide any and all of the information you furnish to Fintech Ireland and you hold us harmless should you fail to obtain the necessary authorisation from your company. You agree that we may process any personal data you, in your capacity as agent for the company, furnish to us for the purposes of contacting you to confirm the data furnished to Fintech Ireland. The information we receive in this Survey will be passed on to the European Commission and you have permitted us to to do so. The Commission's personal data protection provisions are here - https://ec.europa.eu/info/law/better-regulation/specific-privacy-statement.
Otherwise we will keep confidential and we will not share with anyone the specific answers you provide us except in aggregate form nor will we identify the name of any person or company to any person outside of Fintech Ireland except as provided for above.
Fintech Ireland is a registered trading name of the data controller Visible Compliance Limited (Irish company registration number 406557).
If you have any questions about this Survey please contact hello@fintechireland.com