Changes to Industry Funding Levies

Industry will be expected to fund approximately 65% of the costs incurred by the CBI for financial regulation in 2017 (with some exceptions), instead of 50% as is currently the case. In addition, the Central Bank of Ireland (“CBI”) is making a number of changes to the 2017 levying process for credit institutions, investment firms and fund service providers (“FSPs”). Changes to levies for branches of EEA insurance companies will be phased in over two years.

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