Consumer Protection Act 2007 (National Consumer Agency) Levy Regulations 2012

• Jurisdiction: Ireland
• Citation: IR SI 435/2012

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 9th November, 2012.

The National Consumer Agency (the ‘Agency’), in the exercise of its power to impose levies conferred on the Agency by Section 24B of the Consumer Protection Act 2007 (as inserted by the Central Bank Reform Act 2010 ) as approved by the Minister for Jobs, Enterprise, and Innovation and with the consent of the Minister for Finance, hereby makes the following Regulations:

1. These Regulations may be cited as the Consumer Protection Act 2007 (National Consumer Agency) Levy Regulations 2012.

2. Schedule A and Schedule B to S.I. No. 560 of 2011 — Consumer Protection Act 2007 (National Consumer Agency) Levy Regulations 2011 — are hereby amended by the substitution therefore of Schedule A and Schedule B to these Regulations.

3. Where the levy contribution calculated in respect of a regulated entity in accordance with Schedule A or Schedule B is less than €50, a minimum levy contribution of €50 will apply to that entity.

7 November 2012

STEPHEN COSTELLO,

Chairperson.

National Consumer Agency,

4/5 Harcourt Road,

Dublin 2.

SCHEDULE ALevy period: A 12-month period, commencing on 01 January 2012 and ending on 31 December 2012.

Categories for Regulated entities Institution type Percentage share out among categories Total amount payable by regulated entities Basis for calculating amount of levy per individual firm in each category A1a Irish Authorised Credit Institutions participating in the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 (the “ELG Scheme Institutions”) and their subsidiaries that are credit institutions authorised under Irish legislation. 40.97% €1,087,100 138.34% of the Central Bank’s A1a consumer net annual funding requirement charged to individual regulated entities in this category (as at 30 September 2012). A1b______________A2 Irish Authorised Credit Institutions not included in category A1a. ______________Credit Institutions authorised in another EEA State, operating in Ireland on a branch basis. 15.24% €404,379 39.11% of the Central Bank’s A1b and A2 consumer net annual funding requirement charged to individual regulated entities in these categories (as at 30 September 2012). B1______________B2 Life insurance undertakings with Irish head office and life insurance undertakings authorised in another non-EEA State operating in...