S.I. No. 476/2024 - Credit Institutions Resolution Fund Levy (Amendment) Regulations 2024

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 24th September, 2024.

I, JACK CHAMBERS, Minister for Finance, in exercise of the powers conferred on me by section 15 of the Central Bank and Credit Institutions (Resolution) Act 2011 (No. 27 of 2011), having consulted with the Central Bank of Ireland and the Credit Union Advisory Committee, hereby make the following regulations:

1. These Regulations may be cited as the Credit Institutions Resolution Fund Levy (Amendment) Regulations 2024.

2. The Credit Institutions Resolution Fund Levy Regulations 2012 ( S.I. No. 381 of 2012 ) (amended by the Credit Institutions Resolution Fund Levy (Amendment) Regulations 2023 ( S.I. No. 477 of 2023 )) are amended –

(a) in Regulation 2 –

(i) in paragraph (1), by the substitution of the following definition for the definition of “levy period”:

“ ‘levy period’ means the period commencing on 1 October 2024 and ending on 30 September 2025.”, and

(ii) in paragraph (3), by the substitution of “30 June 2024” for “30 June 2023”,

(b) in Regulation 3(1), by the substitution of “1 October 2024” for “1 October 2023”,

(c) in Regulation 4(1), by the substitution of “28 February 2025” for “29 February 2024”, and

(d) in Column (3) of the Schedule, opposite Reference Number 5, by the substitution of “0 per cent” for “0.012007” percent”.

GIVEN under my Official Seal,

18 September, 2024.

JACK CHAMBERS,

Minister for Finance.