S.I. No. 477/2023 - Credit Institutions Resolution Fund Levy (Amendment) Regulations 2023

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 29th September, 2023.

I, MICHAEL MCGRATH, 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 2023.

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 2022 ( S.I. No. 477 of 2022 )) 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 2023 and ending on 30 September 2024.”, and

(ii) in paragraph (3), by the substitution of “30 June 2023” for “30 June 2022”,

(b) in Regulation 3(1), by the substitution of “1 October 2023” for “1 October 2022”,

(c) in Regulation 4(1), by the substitution of “29 February 2024” for “28 February 2023”, and

(d) in Column (3) of the Schedule, opposite Reference Number 5, by the substitution of “0.012007” per cent“ for ”0.024725 per cent”.

GIVEN under my Official Seal,

27 September, 2023.

MICHAEL MCGRATH,

Minister for Finance.