S.I. No. 170/2025 - European Union (Settlement Finality) (Amendment) Regulations 2025 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.
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- s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2025 S.I. No. 170/2025 - European Union (Settlement Finality) (Amendment) Regulations 2025 S.I. No. 170/2025 - European Union (Settlement Finality) (Amendment) Regulations 2025 AmendmentsLeasuithe Download PDF Íoslódáil PDF Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 13th May, 2025. I, PASCHAL DONOHOE, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No. 27 of 1972) and for the purpose of giving further effect to Directive 98/26/EC of the European Parliament and of the Council of 19 May 19981 (as last amended by Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 20242 ), hereby make the following regulations: 1. These Regulations may be cited as the European Union (Settlement Finality) (Amendment) Regulations 2025. 2. Regulation 2
(1)of the European Communities (Settlement Finality) Regulations 2010 ( S.I. No. 624 of 2010 ) is amended – (a) by the substitution of the following definition for the definition of “credit institution”: “ ‘credit institution’ means a credit institution as defined in Article 4
(1), point
(1), of Regulation (EU) No 575/20133 , including the entities listed in Article 2
(5)of Directive 2013/36/EU4 ;”, (
- b)by the substitution of the following definition for the definition of “institution”: “ ‘institution’ means – (
- a)(
- i)a credit institution, (
- ii)an investment firm, (iii) a public authority or publicly guaranteed undertaking, or (
- iv)an undertaking whose head office is outside the European Union and whose functions correspond to those of a European Union credit institution or investment firm, which participates in a system and which is responsible for discharging the financial obligations arising from transfer orders within that system; (
- b)(
- i)a payment institution, or (
- ii)an electronic money institution, which participates in a system whose business consists of the execution of transfer orders and which is responsible for discharging the financial obligations arising from such transfer orders within that system;”, (
- c)by the substitution of the following definition for the definition of “investment firm”: “ ‘investment firm’ means an investment firm as defined in Article 4
(1), point
(1), of Directive 2014/65/EU5 , but does not include the institutions set out in Article 2
(1)of that Directive;”, (
- d)by the substitution of the following definition for the definition of “Settlement Finality Directive”: “ ‘Settlement Finality Directive’ means Directive 98/26/EC of the European Parliament and of the Council of 19 May 19986 as amended by Directive 2009/44/EC of the European Parliament and of the Council of 6 May 20097 , Directive 2010/78/EU of the European Parliament and of the Council of 24 November 20108 , Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 20129 , Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 201410 , Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 201911 and Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 202412 ;”, and (
- e)by the insertion of the following definitions: “ ‘electronic money institution’ has the same meaning as it has in the European Communities (Electronic Money) Regulations 2011 ( S.I. No. 183 of 2011 ); ‘payment institution’ has the same meaning as it has in the European Union (Payment Services) Regulations 2018 ( S.I. No. 6 of 2018 );”. GIVEN under my Official Seal, 8 May, 2025. PASCHAL DONOHOE, Minister for Finance. 1 O.J. L 166, 11.6.1998, p.45 2 OJ L, 2024/886, 19.3.2024 3 O.J. L176, 27.06.2013, p.1 4 O.J. L176, 27.06.2013, p.338 5 O.J. L 173,12.6.2014, p.349 6 O.J. L 166, 11.6.1998, p.45 7 O.J. L 146, 10.6.2009, p.37 8 O.J. L 331, 15.12.2010, p.120 9 O.J. L 201, 27.7.2012, p.1 10 O.J. L 257, 28.8.2014, p.1 11 O.J. L 150, 7.6.2019, p.296 12 OJ L, 2024/886, 19.3.2024 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