Legalize / Ireland / Statutory Instrument

S.I. No. 146/2021 - European Union (Sustainability-related Disclosures in the Financial Services Sector) Regulations 2021

Type Statutory Instrument

Publication 2021-04-02

Last updated 2026-02-13

State In force superseded text

Text As published

Source Irish Statute Book

articles 5

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.

2 amending acts · 2026-02-13, S.I. No. 34/2026 - European Union (European Single Access Point) (No. 3) Regulations 2026

Reform history JSON API

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 2nd April, 2021.

I, PASCHAL DONOHOE, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No. 27 of 1972) and for the purpose of giving effect to Articles 14 and 17 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019¹ on sustainability- related disclosures in the financial services sector, hereby make the following regulations:

1.

These Regulations may be cited as the European Union (Sustainability-related Disclosures in the Financial Services Sector) Regulations 2021.

2.

(1) In these Regulations “SFD Regulation” means Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019² on sustainability- related disclosures in the financial services sector.

(2) A word or expression which is used in these Regulations and which is also used in the SFD Regulation has, unless the context otherwise requires, the same meaning in these Regulations as it has in the SFD Regulation.

3.

Compliance with the requirements of the SFD Regulation by financial market participants and financial advisers shall be monitored by the Central Bank of Ireland, being the competent authority referred to in Article 14 of the SFD Regulation, other than in the case of -

(a) a pan-European personal pension product (PEPP) provider,

(b) an institution for occupational retirement provision (IORP), and

(c) a manufacturer of a pension product where the manufacturer is an institution for occupational retirement provision (IORP).

4.

Notwithstanding Article 17(1) of the SFD Regulation, that Regulation shall, with effect from 10 March 2022, apply to –

(a) insurance intermediaries which provide insurance advice with regard to insurance- based investment products, and

(b) investment firms (within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 ( S.I. No. 375 of 2017 ) which provide investment advice,

irrespective of their legal form, including natural persons and self- employed persons, that employ fewer than 3 persons.

5.

The Central Bank Act 1942 (No. 22 of 1942) is amended –

(a) in section 2(2A) –

(i) in paragraph (az), by the substitution of “2019;” for “2019.”,

and

(ii) by the insertion of the following paragraph after paragraph (az):

“(ba) Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019³ .”,

(b) in section 33AK(10), in the definition of “supervisory EU legal Acts” –

(i) in paragraph (ah), by the substitution of “12 December 2017,” for “12 December 2017;”, and

(ii) by the insertion of the following paragraph after paragraph (ah):

“(ai) Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019⁴ ;”,

and

“

77 S.I. No.146 of 2021 European Union (Sustainability-related Disclosures in the Financial Services Sector) Regulations 2021 The whole instrument

”.


77	S.I. No.146 of 2021	European Union (Sustainability-related Disclosures in the Financial Services Sector) Regulations 2021	The whole instrument

GIVEN under my Official Seal,

29 March, 2021.

PASCHAL DONOHOE,

Minister for Finance.

Footnotes

OJ No. L317, 9.12.2019, p. 1

This document does not substitute the official text published in the Irish Statute Book. We accept no responsibility for any inaccuracies arising from the transcription of the original into this format.

This text is published under Irish Statute Book's own terms of reuse, not a Legalize or public-domain licence. Irish Statute Book
CC-BY 4.0 (Oireachtas Open Data PSI Licence)
Contains Irish Public Sector Information licensed under the Oireachtas (Houses of the Oireachtas) Open Data PSI Licence / Creative Commons Attribution 4.0 International, sourced from https://www.irishstatutebook.ie.