The Central Bank of Ireland published Regulations governing licensed moneylenders in June 2020. These were finalised after a consultation process which began in 2018, with the aim of providing additional protections to those availing of credit from licensed moneylenders. The Regulations come into effect on 1 January 2021, with requirements for high cost warnings in advertising coming into effect at the earlier date of 1 September 2020.
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The pace of change is challenging leaders like never before. To find out more about how KPMG perspectives and fresh thinking can help you focus on what’s next for your business or organisation, please get in touch with our team below. We’d be delighted to hear from you.
Gillian Kelly
Partner, Head of Consulting
KPMG in Ireland
Shane Garahy
Partner
KPMG in Ireland
Donata Halpin
Director
KPMG in Ireland