Submission of Annual Online Returns To Central Bank

Tue May 28 2024

It is a requirement for ALL intermediaries to make an annual return to the Central Bank of Ireland within 6 months of the end of their accounting period. The return must be made via the Central Bank Portal as the Online Reporting system is no longer operational.

Members should log in to Central Bank Portal here. You may be asked to change your password. Once you are logged in to the Central Bank of Ireland Portal on the institution home page, on the left-hand column you will see a Returns tab. You should select Retail Intermediaries Annual Return V3.

Please note: All members who have a year end of the 31st of December 2023 are required to make this return before the 30th of June 2024. For your reference, please click on this link to bring you to the Central Bank Guidance on making a return, and an up to date mock-up is available here.

IMPORTANT – Firms authorised under the Investment Intermediaries Act, 1995 (IIA) – See Below

Sole Traders/Partners

It is important to note that sole traders, partnerships or an un-incorporated body of persons are required to prepare a Certificate of Solvency in line with 3.7 of the 2014 Handbook of Prudential Requirements for Investment Intermediaries which can be requested by the Central Bank at any time. The Certificate of Solvency is only required to be submitted if requested by the Central Bank.

Sole Traders/Partners/Ltd Companies

Following the submission of the firm’s annual online return, the firm’s auditor is required to submit a Statutory Duty of Confirmation (SDC) to the Central Bank in relation to the authorised entity. Template copies of SDCs are available from the auditor’s accountancy body. A scanned copy of the SDC should be submitted by e-mail to statutoryduty@centralbank.ie within 1 month of the date of the audit report. The report must state whether or not circumstances have arisen that require the auditor to report a matter to the Central Bank under a prescribed enactment. Members should seek confirmation from their auditor that this requirement has been complied with.

Sole traders can sign off their own RIAR. However, companies and partnerships must have their annual return signed off by a separate portal user to the user that finalised it. Please note that the Return must be signed off by a Pre-approval Control Function Holder (PCF) e.g. a director or partner at the firm.

Members who are having technical difficulties with the online Reporting System should contact the Regulatory Transactions Division directly at OnlineReturns@centralbank.ie   If members have queries on the return,  they can contact the compliance unit on 01 6613067 or email compliance@brokersireland.ie

 


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