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S.I. No. 215/2020 - European Union (Insurance Distribution) (Amendment) Regulations 2020

Type Statutory Instrument
Publication 2020-06-19
State In force
Text As published
Source Irish Statute Book
articles 2

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

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Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 19th June, 2020.

The Minister for Finance, in exercise of the powers conferred on him by section 3 of the European Communities Act 1972 (No. 27 of 1972) and for the purpose of giving further effect to Directive (EU) 2016/971 of the European Parliament and of the Council of 20 January 2016 on insurance distribution as amended by Commission Delegated Regulation (EU) 2019/19352 of 13 May 2019, hereby makes the following regulations:

1.

1.

(1) These Regulations may be cited as the European Union (Insurance Distribution) (Amendment) Regulations 2020.

2.

2.

The European Union (Insurance Distribution) Regulations 2018 ( S.I. No. 229 of 2018 ) are amended, in Regulation 21(1), by the substitution of “ for not less than €1,300,380 applying to each claim and in aggregate €1,924,560 per year” for “ for not less than €1,250,000 applying to each claim and in aggregate €1,850,000 per year”.

GIVEN under the Official Seal of the Minister for Finance,

16 June, 2020.

PASCHAL DONOHOE,

Minister for Finance.

Footnotes

1

OJ No. L 26, 02.02.2016, p. 19

2

OJ No. L 301, 22.11.2019, p. 3

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