Part V of the Central Bank Act 1997 was amended by the commencement of the Central Bank (Supervision and Enforcement) Act 2013, the effect of which is to bring debt management firms within the Central Bank regulatory regime from 31 July 2013.
The Central Bank has recently published the following documents on its website to assist debt management firms:
- Guidance note for completion of an application for authorisation as a debt management firms;
- Authorisation requirements and standards for debt management firms;
- Introductory information and preliminary meeting requirements for debt management firms.