The Competition and Consumer Protection Commission (CCPC) was formed on 31 October 2014 following the amalgamation of the Competition Authority and the National Consumer Agency (NCA). On that day the Competition and Consumer Protection Act 2014 came in to force.
In previous years, the NCA imposed levies on financial services firms under the legislative powers available to it in respect of the cost of the performance of its personal finance information and education functions. The legislative powers of the CCPC now include those that were previously vested in the NCA for the purpose of imposing and collecting those levies.
The levies are imposed each year through the making of Regulations, which are published in Iris Oifigiúil as a Statutory Instrument. The CCPC has recently made the necessary Regulations for the purpose of imposing the 2016 levies (in respect of the calendar year 2016). These Regulations (as well as Regulations made by the NCA in previous years) are published below for reference.
As in past years, the Central Bank is issuing the levy invoice notices to the firms being levied, and will also continue to collect the levies on behalf of the CCPC.
Further information on the 2016 CCPC Levy is set out below for reference, including payment methods, bank account details etc.
In order to be as efficient and cost effective as possible in the collection of the levies, the Commission has entered into an agreement with the Central Bank (Bank) that the Bank collect these levies on behalf of the CCPC. Payment is to be made within the 28 days allowed and this greatly facilitates the work and minimises the cost incurred in debt collection.
Payment of the levies should be made by Electronic Funds Transfer to the bank account set up by the Central Bank for this purpose - details below:
· Account Name: Central Bank - CCPC Levy Account
· IBAN: IE18 DABA 9519 9010 0038 83
· BIC/SWIFT: DABAIE2D
For identification purposes, firms should include at least one of the following details: Central Bank Client number and/or the levy invoice number (both details are provided on each 2016 CCPC Levy invoice). If this information is not submitted, the Bank may be unable to allocate the payment to your account and the payment will have to be returned to you at your own expense before re-submission.
Specific queries in relation to payment should be directed to email@example.com or by telephone to (01) 2244044.
All other queries relating to the 2016 Levy should be directed to firstname.lastname@example.org or by telephone to (01) 4703604.