Regulatory Alerts2011-10-14
Letter issued to regulated entities re Consumer Protection Code 2012 dated October 2011
The Central Bank of Ireland issued this letter to announce the revised Consumer Protection Code 2012, which strengthens existing regulations and introduces new requirements for regulated entities. The Code comes into effect on 1 January 2012 and contraventions may result in administrative sanctions. Regulated entities are expected to immediately implement changes regarding unsolicited contact and advertising, while completing other necessary system and staff training updates by the effective date.
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