← Ireland

S.I. No. 509/2019 - Consumer Protection Act 2007 (Competition and Consumer Protection Commission) Levy Regulations 2019

S.I. No. 509/2019 - Consumer Protection Act 2007 (Competition and Consumer Protection Commission) Levy Regulations 2019 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

  1. ie)Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.
  2. ie)Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(
  3. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2019 S.I. No. 509/2019 - Consumer Protection Act 2007 (Competition and Consumer Protection Commission) Levy Regulations 2019 S.I. No. 509/2019 - Consumer Protection Act 2007 (Competition and Consumer Protection Commission) Levy Regulations 2019 AmendmentsLeasuithe Download PDF Íoslódáil PDF Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 18th October, 2019. The Competition and Consumer Protection Commission (the ‘Commission’), in the exercise of its power to impose levies conferred on the Commission by Section 24B of the Consumer Protection Act 2007 (as inserted by the Central Bank Reform Act 2010 ) as approved by the Minister for Business, Enterprise and Innovation and with the consent of the Minister for Finance, hereby makes the following Regulations: 1. These Regulations may be cited as the Consumer Protection Act 2007 (Competition and Consumer Protection Commission) Levy Regulations 2019. 2. The Consumer Protection Act 2007 (National Consumer Agency) Levy Regulations 2011 ( S.I. No. 560 of 2011 ) are hereby amended by the substitution of the Schedule to these Regulations for the Schedule in S.I. No. 560 of 2011 . 15 October, 2019. ISOLDE GOGGIN, Chairperson. Competition and Consumer Protection Commission, Bloom House, Railway Street, Dublin 1. SCHEDULE Levy period: A 12-month period, commencing on 01 January 2019 and ending on 31 December 2019. Category A Credit Institutions Each credit institution shall pay, in respect of its liability for the year ended 31 December 2019, a levy calculated at the rate of €0.17604 per retail customer as at 31 December 2018. A minimum levy of €500 is payable by each credit institution. Category B Insurance Undertakings (
  4. a)Each life assurance undertaking shall pay, in respect of its liability for the year ended 31 December 2019, a levy calculated on the basis of 0.00191% of its total net premium income written on Irish risk business for the year ending 31 December 2018. A minimum levy of €500 is payable by each life assurance undertaking. (
  5. b)Each non-life insurance undertaking (other than those designated as ‘captive’ insurers by the Central Bank of Ireland) shall pay, in respect of its liability for the year ended 31 December 2019, a levy calculated on the basis of 0.01473% of its total net premium income written on Irish risk business for the year ending 31 December 2018. A minimum levy of €500 is payable by each non-life insurance undertaking. Categories D2, D3, D4 Investment Firms[regulated under the European Union (Markets in Financial Instruments) Regulations 2017 ( S.I. No. 375 of 2017 )]. Included are entities engaged in the receipt and transmission of orders, and/or provision of investment advice; entities engaged in portfolio management and execution of orders; entities engaged in own account trading and underwriting on a firm commitment basis. Each of the financial service providers in Categories D2, D3, D4 shall pay, in respect of its liability for the year ended 31 December 2019, a levy calculated at the rate of €4.208 per retail client as at 31 December 2018. A minimum levy of €50 is payable by entities in these categories. Category D5 Member Firms of the Irish Stock Exchange Each of the financial service providers in Category D5 shall pay, in respect of its liability for the year ended 31 December 2019, a levy calculated at the rate of €0.32433 per retail client as at 31 December 2018. A minimum levy of €50 is payable by entities in this category. Category F Credit Unions Each credit union shall pay, in respect of its liability for the year ended 31 December 2019, a levy calculated on the basis of 0.001076% of its total assets as at 30 September 2018, or if these asset figures are not available, of its total assets as at 30 September in the most recent year available, as supplied to the Commission by the Central Bank of Ireland. A minimum levy of €50 is payable by each credit union. Category G Moneylenders Each moneylender shall pay, in respect of its liability for the year ended 31 December 2019, a levy of €533. Category M1 Retail Credit firms Each retail credit firm shall pay, in respect of its liability for the year ended 31 December 2019, a levy calculated on the basis of 0.000761% of the value of outstanding loans at 31 December 2018, as reported to the Commission by the firms. A minimum levy of €50 is payable by each retail credit firm. EXPLANATORY NOTE (This note is not part of the Instrument and does not purport to be a legal interpretation) These Regulations made by the Chairperson of the Competition and Consumer Protection Commission in accordance with Section 24B of the Consumer Protection Act 2007 (as inserted by the Central Bank Reform Act 2010 ) amend the Consumer Protection Act 2007 (National Consumer Agency) Levy Regulations 2011 ( S.I. No. 560 of 2011 ) and provide for a levy scheme to fund the provision of information in relation to financial services including information in relation to the costs to consumers, the risks and benefits associated with the provision of those services and promoting the development of financial education and capability, in the year 2019. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

🔗 To official source

AI explanation based on the official legal text. Indicative, not a substitute for legal advice.