S.I. No. 298/2026 - Credit Review Act 2026 (Credit Review Levy) Regulations 2026 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 2026 S.I. No. 298/2026 - Credit Review Act 2026 (Credit Review Levy) Regulations 2026 S.I. No. 298/2026 - Credit Review Act 2026 (Credit Review Levy) Regulations 2026 AmendmentsLeasuithe Download PDF Íoslódáil PDF Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 30th June, 2026. I, SIMON HARRIS, Minister for Finance, in exercise of the powers conferred on me by sections 4 and 29 of the Credit Review Act 2026 (No. 1 of 2026), hereby make the following regulations: 1.
(1)These Regulations may be cited as the Credit Review Act 2026 (Credit Review Levy) Regulations 2026.
(2)These Regulations shall come into operation on 1 July
- In these Regulations – “Act of 2026” means the Credit Review Act 2026 (No. 1 of 2026); “application for review” has the meaning assigned to it by section 25 of the Act of 2026; “levy” means the charge prescribed by Regulation 3
(1); “relevant period” means – (
- a)1 January to 31 March, (
- b)1 April to 30 June, (
- c)1 July to 30 September, and (
- d)1 October to 31 December, in each year. 3.
(1)A charge calculated in accordance with Regulation 6 is prescribed as the Credit Review levy for the purposes of section 29
(1)of the Act of 2026.
(2)Each relevant person is required to pay the levy on or before the date specified in a notice under Regulation 4. 4. The Service shall, as soon as practicable after the end of each relevant period, send to each relevant person a notice specifying – (
- a)the amount of the levy payable in respect of the relevant period concerned, (
- b)the date on or before which the levy is to be paid, which date shall be not less than 30 days from the date on which the notice is served, and (
- c)the details of the bank account to which the levy is to be paid. 5. The levy shall be paid to the Service by direct bank transfer or equivalent instantaneous transfer of funds to the bank account specified by the Service in the notice under Regulation 4. 6. The levy in respect of each relevant period shall be calculated as follows: N2 ((C-F)/(N)) where: C is the total costs incurred by the Service in the performance of its functions under the Act of 2026 in the relevant period concerned; F is the total amount of fees paid to the Service pursuant to section 28 of the Act of 2026 during the relevant period concerned; N is the total number of applications for review received by the Service in the relevant period concerned; N2 is the total number of applications for review received by the Service in respect of the relevant person concerned in the relevant period concerned. GIVEN under my Official Seal, 25 June, 2026. SIMON HARRIS, Minister for Finance. EXPLANATORY NOTE (This note is not part of the Instrument and does not purport to be a legal interpretation.) In exercise of the powers conferred on the Minister for Finance by sections 4 and 29 of the Credit Review Act 2026 (No. 1 of 2026), these regulations provide for the payment of the credit review levy by regulated financial service providers that come within the scope of that Act (“relevant persons”). The levy is calculated based on the expenses incurred, in the previous quarter, by An tSeirbhís um Athbhreithniú Creidmheasa (“the Service”) in the exercise of its functions under the Act, less the fees received by the Service from applicants for review of credit decisions. The levy is payable based on the relevant person’s share of the applications for review received by the Service during the quarter concerned. The regulations also provide for the sending by the Service of a notice specifying the amount of the levy due, and when and how it is to be paid. 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