Markets in Financial Instruments Bill 2018
Public bill · Government · Presented
It would update Ireland’s rules for financial markets so some serious breaches, such as operating without authorisation, can carry tougher criminal penalties: up to €10 million and/or 10 years in prison. It also lets the Central Bank charge fees for some of its MiFID-related work, updates its powers to match the new regime, and makes two technical changes to the Credit Reporting Act 2013 and the Financial Services and Pensions Ombudsman Act 2017. It also repeals an old provision from 2007 that is no longer needed.
Formal long title
Bill entitled an Act to make, as respects certain regulations that concern markets in financial instruments, provision for indictable offences that carry greater maximum penalties than are permitted by the European Communities Act 1972; to make provision in relation to fees in respect of the performance by the Central Bank of Ireland of certain functions; to amend Schedule 2 to the Central Bank Act 1942; to amend section 2 of the Credit Reporting Act 2013 and the definition of "long-term financial service" in the Financial Services and Pensions Ombudsman Act 2017; to repeal section 5 of the Markets in Financial Instruments and Miscellaneous Provisions Act 2007; and to provide for related matters
Last updated 25 May 2022
- Minister for Finance Primary
- First StageDáil
- Second StageDáil
- Committee StageDáil
- Report StageDáil
- Fifth StageDáil
- Second StageSeanad
- Committee StageSeanad
- Report StageSeanad
- Fifth StageSeanad Enacted
- EnactedEnacted
- Markets in Financial Instruments Bill 2018: Committee and Remaining Stages Seanad
- Markets in Financial Instruments Bill 2018: Second Stage Seanad
- Markets in Financial Instruments Bill 2018: Order for Report Stage Dáil
- Markets in Financial Instruments Bill 2018: Report and Final Stages Dáil
- Markets in Financial Instruments Bill 2018: Order for Second Stage Dáil
- Markets in Financial Instruments Bill 2018: Second Stage Dáil
- Markets in Financial Instruments Bill 2018: Referral to Select Committee Dáil