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Organisation Information

Funds, Insurance, Markets and Pensions Division with responsibility for Legal Unit

Published: 20 December 2018
From: Department of Finance

The Funds, Insurance, Markets and Pensions Division is responsible for the development of domestic and EU/International policy and legislation in relation to the financial services sector (with the exception of the banking sector).

The division also manages the transposition of EU directives.

The primary functions relate to:

The division's Insurance Policy Unit advises and prepares proposals for senior management of the Department, the Minister and the Government, for an effective policy and legislative framework for insurance regulation and development of the insurance sector.

The Markets and Securities Unit seeks to best represent Ireland’s interests during EU negotiations to ensure that the legislative framework in place for financial markets.

The role of the Funds section is to:

  • monitor and engage in the EU legislative process as it relates to investment fund structures
  • development primary and secondary domestic legislation
  • engage with all of the relevant stakeholders in the investment funds regulatory sphere including the European Institutions, other Government Departments, the Central Bank and relevant Industry representative bodies

The Legal Unit is responsible for providing legal advisory services for the Department through the Head of Legal.

This work is carried out in a manner consistent with EU financial services initiatives which in turn adequately encompass Irish national interests.