Regulatory Alerts2021-07-22
Addendum to the Consumer Protection Code 2012
The Central Bank of Ireland issued this addendum to replace the Standard Financial Statement template in Appendix E of the Consumer Protection Code 2012 with an enhanced version effective from 1 January 2022. The new document requires regulated entities to use a revised form that captures detailed borrower circumstances, including personal details, mortgage specifics, income, expenditure, debts, and assets, to facilitate comprehensive financial assessments. It also mandates compliance with data protection laws and consent requirements on the signature page while allowing ongoing assessments initiated before the effective date to continue under the previous rules.
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