Department of Finance Brexit Queries
Foilsithe
An t-eolas is déanaí
Teanga: Níl leagan Gaeilge den mhír seo ar fáil.
Foilsithe
An t-eolas is déanaí
Teanga: Níl leagan Gaeilge den mhír seo ar fáil.
For situations requiring urgent and immediate assistance, Government departments and agencies have put in place a number of resources to assist business and citizens for the critical days ahead. A full list of relevant Government services is available here.
For Brexit-related queries appropriate to the Department of Finance, please call +353 1 676 7571.
Before calling, please consider if your Brexit-related query is more appropriate for one of the Department of Finance’s agencies.
Revenue is operating a consolidated Customs Helpline to deal with queries in relation to:
This helpline can be contacted on +353 1 738 3685 and is operating 24/7.
Notification pursuant to Section 80(2) of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020 (the Act) - Operators of relevant arrangements and Settlement Finality
Section 80 Temporary Designation
The legislation related to this Section 80 designation notice has been formulated using the discretion
afforded under Recital 7 of the Settlement Finality Directive (Directive 98/26/EC).
Pursuant to Section 80(2) of the Act (Temporary designation of relevant arrangement), the operator of a relevant arrangement (as defined under Section 79) shall, not later than 3 months from the date on which the operator becomes aware that Section 80 of the Act applies to the relevant arrangement, notify the Central Bank of Ireland and the Minister for Finance that such Section so applies.
In the first instance, operators of a relevant arrangement should notify the Central Bank of Ireland by making contact through paymentsystemspolicy@centralbank.ie
Subject to acknowledgement of receipt of notification from the Central Bank of Ireland, operators of a relevant arrangement should notify the Department of Finance by emailing FSD.marketsandsecurities@finance.gov.ie .
All notifications under Section 80(2) shall take account of the criteria for a relevant arrangement outlined in Section 80 of the Act.
The Section 80 temporary designation shall cease to apply to a relevant arrangement on the date that is the earliest of
(a) the date on which the Bank issues a withdrawal notice in respect of the arrangement,
(b) the date that is 9 months from the relevant date, and
(c) the date on which there ceases to be an Irish participant in the arrangement.
Notification pursuant to Section 81 of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020 (the Act) - Operators of relevant arrangements and Settlement Finality
Section 81 Designation
The legislation related to this Section 81 designation notice has been formulated using the discretion afforded under Recital 7 of the Settlement Finality Directive (Directive 98/26/EC).
Pursuant to Section 81 of the Act (Designation of relevant arrangement), the operator of a relevant arrangement (as defined under Section 79) that meets the requirements (as defined in Section 81(1)) may be eligible to be issued a “designation notice” by the Minister for Finance.
This Section 81 designation notice permits continued relevant activities beyond the lifetime of a Section 80 temporary designation. Section 81 designation shall be subject to revocation in line with the requirements and obligations set out in the Act.
Interested parties may make contact with the Central Bank of Ireland by emailing paymentsystempolicy@centralbank.ie to begin the Section 81 designation process. While there are no cut-off dates to seek Section 81 designation, the process shall be:
1. To make contact with the Central Bank of Ireland to set out intention to seek Section 81 designation;
2. To provide to the Central Bank of Ireland ( paymentsystempolicy@centralbank.ie ), within 6 weeks of initial contact, with documentation sufficient to comply with Section 81(2) of the Act.
3. After receipt of documentation, the Central Bank of Ireland, having reviewed the documentation and having followed up with parties as appropriate, shall notify the Minister for Finance as to their recommendation.
4. The Minister for Finance may issue, in due course and at his discretion, a “designation notice” to an eligible operator.
The live date for making contact with the Central Bank of Ireland shall be 1st March 2021.
Current Designations
Section 80 Temporary Designation
Nil
Section 81 Designation
1. System: VISA payment system - Operator: VISA Europe Limited - Type: Payment System
2. System: CHAPS - Operator: Bank of England - Type: Payment System
3. System: ICE Clear Europe - Operator: ICE Clear Europe Limited - Type: Securities Settlement Systems
4. System: CREST UK - Operator: Euroclear UK and Ireland Limited - Type: Securities Settlement Systems
5. System: Faster Payments Service - Operator: Pay.Uk Limited - Type: Payment System
6. System: LCH - Operator: LCH Limited - Type: Securities Settlement Systems
The Central Bank of Ireland can address queries regarding:
The Central Bank of Ireland can be contacted as follows:
Public Contacts Unit - 1890 777 777 or enquiries@centralbank.ie
Media Queries – media@centralbank.ie
Please note Central Bank cannot answer queries from consumers on individual products or services.
Data Protection Statement: In order to resolve queries, the Department may have to process limited personal data. This will be done in accordance with the General Data Protection Regulation and the Data Protection Acts 1988 to 2018. Please see the Department’s Privacy Statement for more information.