Skip to content

How can I apply for CBI remittances outside Ireland?

4 thoughts on “How can I apply for CBI remittances outside Ireland?”

  1. The Central Bank of Ireland (Irish: éireann), the financial service regulatory agency of the Republic of Ireland, was once the central bank of Ireland. Before Ireland joined the euro area, the bank was responsible for issuing the country's currency Ireland pound. Regulatory objects

    In Ireland, foreign exchange dealers are investment intermediary categories. The Irish central bank regulate foreign exchange products, and has many warning CFDS and binary options as high -risk products.
    In addition, in order to reduce the risks of CFDS products to retail customers, the Central Bank of Ireland considers two aspects: first, prohibiting providing CFDS products to retail customers; second, strengthen investor protection.
    The application requirements for Ireland license:
    Igone central bank requires the application for authorized companies to submit the company's operation plan, including compliance requirements, company organizational structure, employee arrangements, outsourcing services, technical services, websites, etc.
    The operating plan shall include the following requirements:
    The proposed regulatory activity and non -retail intermediary services;
    organizational structure, other business locations, group structure, related links;
    management and employee arrangements ;
    outsourcing and outsourcing supervision services (if applicable);
    websites;
    compliance;
    In internal audit (as applicable);
    authorized specific activities/tools;
    Cope related processes;
    If directors and senior managers;
    service/product supervision and governance;
    In the authorization, the annual revenue report must be submitted regularly, and the annual audit account.
    If investment brokers/intermediaries include content with deposit agents/brokers; investment product suggestions; representing customers to receive and pass investment tools from other financial service providers. Investment brokers/intermediaries must submit annual revenue reports and annual audit accounts.
    The company organizational structure
    1. Make requirements for company personnel
    After submitting the application for the license, the applicant also needs to ensure that all relevant personnel meet the role of "pre -approval control function PCF" to complete the integrity and integrity personal questionnaire Investigation; these personnel are usually members of the board of directors, senior managers, etc., which can be submitted through the central bank's online report system.
    PCFS personnel list: Executive director, non -executive director, chairman of the board of directors, chief financial officers, director of risk control, legal director, etc.
    punishment measures
    Irish Bank of Irish will warn, penalties, licenses, and cancellations of licensed companies. Central Bank of Ireland issued warnings

  2. According to the official website information, the Irish Central Bank (CBI) regulatory leverage foreign exchange transaction
    Ireland's definition of leverage foreign exchange: Financial differences (CFDS) is a complicated leverage derivative tool, allowing investors Investment in short -term price changes. Based on execution, and the characteristics and terms of the product are not standardized. Through the online trading platform, the investment company completes the transaction by providing a difference contract to retail customers. The difference contract allows investors to make profitability through the intermediate price of the target reference assets. Customers signed contracts with investment companies to solve the differences between asset prices in different stages. After liquidation, the difference between the opening price and the closing price will be included in the pocket by retail customers or investment companies.
    The price of trading difference contracts has a lot to do with the following markets. It includes foreign exchange currency pairs (FX), single stock futures, index and commodity futures. Without consultation, the difference contract is mainly sold on the online trading platform. There is no standardized terms and conditions for the difference in the difference. It is sold outside the field (OTC). Therefore, there may be significant differences between the transaction environment. Investment companies that provide differential contracts often act as "city merchants" or "host" for customer transactions. These companies bear the market risks brought by part or all transactions. If the customer speculates that the price of reference assets rises, the difference in the price contract will adopt the opposite position and benefit from the price decline. Therefore, there is a direct relationship between the loss of the customer's loss and the income of the differential contract.
    The 19 investment companies in Ireland can sell differences in differential contracts. The other 18 companies authorized by EU member states set up branches in Ireland and have the ability to distribute differential contracts. More than 550 companies authorized by the European Union can prove that Irish investors are provided with a difference contract according to MIFID service freedom. Central banks observe that the customer loss rate of differential contract suppliers is usually high, and its average customer life cycle is shorter
    Irish regulatory agency proposed two measures to limit the loss of retail investors in the trading of the difference in the difference -thoroughly Forbidden or mandate leverage and negative balance protection. Related matters are still being prepared, and if there are relevant information, we will immediately track and new information.
    The introduction
    The nature of the agency: Government agency
    The institutional introduction: The Central Bank of Ireland is responsible for implementing the European Central Bank monetary policy and maintaining the market price of Ireland. As a member of the European Central Bank Council, the governor can directly contribute to monetary policy decisions and other major policies. Although the Governor has the only decision -making power on the European Central Bank's monetary policy formulation, he can strengthen the effectiveness of his duties in this regard and can strengthen the quality of monetary policy briefing, statistical information, and the quality of analysis and research provided. Its mission is to maintain the stability of the economic market and protect consumers.
    This functions
    In Ireland Central Bank, in addition to issuing licenses to CBI's regulatory agent, there are several important regulatory duties. It also stipulates the following activities:
    (1) Investment agencies, credit institutions, financial exchanges, stock brokers, collective investment plans, funds, investor compensation and other related issues;
    (2) insurance , Including life and general insurance and related consumer issues;
    (3) mortgage loans and credit providers, debtors, monitoring customer charges and related consumer issues of these companies;
    (4) Credit agency.
    C supervision target
    (1) Promoting security and fair financial services for consumers;
    (2) Promote consumers' confidence in their funding security;
    (3) Monitoring and monitoring and monitoring and monitoring and monitoring and monitoring and monitoring and monitoring and monitoring and monitoring and Perform consumer protection, business behavior and prudent requirements, and the minimum requirements set.
    2. Application process
    The brokers belong to the broker/retail agency. Therefore, it is necessary to obtain permission and supervision from the Irish Central Banking Committee in Ireland. His regulations are very strict, and each applicant must be able to meet the authorization standards set by central banks to meet various regulations. Only applied talents who meet the standards are authorized.
    (1) The authorized Irish foreign exchange broker must first submit an application form and all support documents, and it is confirmed by the CBI. The required documents include business plans and operation plans.
    (2) After the CBI is considered as appropriate, all key information and documents have been confirmed, and the applicant will get a detailed login information from the bank's online reporting system.
    (3) Complete the personal survey questionnaire. If the applicant is a director or a director of a director, the Garda review form is needed. When the central bank has all information files, it will enter the evaluation phase of the program.
    3. Application time: about 113 days

  3. Central Bank of Ireland is responsible for implementing the European Central Bank monetary policy and maintaining the market price of Ireland. Irish Central Bank to the CBI regulatory agent issued a license plate type:
    n retaulus XIN Loan
    Book vendors
    Currency exchange
    Payment service
    Electronic currency company
    Wee Hui transaction
    External HUI definition: Financial price check -in and treaty (CFDS) is a complicated leverage derivative tool that allows investors to invest in short -term price changes in the underlying assets. Based on execution, and the characteristics and terms of the product are not standardized. Through the online trading platform, the investment company completes the transaction by providing a price check and contract to retail customers. The price check and contract allow investors to make profitability through the intermediate price of the target reference assets. Customers signed contracts with investment companies to solve the differences between asset prices in different stages. After liquidation, the difference between the opening price and the closing price will be included in the pocket by retail customers or investment companies.

    The application process for the Irish CBI regulatory license:
    The permission and supervision of the Irish Central Banking Committee must be obtained. His regulations are very strict. Applicants must meet the authorization standards set in various regulations Essence
    1. The authorized HUI broker who obtained the authorized Irish must first submit an application form and all support files, and the CBI confirms that the required documents include the business plan and operation plan;
    2, the CBI via CBI After the review, all information and documents have been confirmed that the applicant will get the detailed information of the online login system;
    3. Completion of personal investigation, the applicant is a director of the Director to enter the review stage to enter the evaluation stage; r
    4. Application time: The total application time for the Irish CBI regulatory license is about three months.

  4. Irish CBI license
    The Central Bank of Ireland (Irish: éireann), a financial service regulatory agency in the Republic of Ireland, and a central bank of Ireland. Before Ireland joined the euro area, the bank was responsible for issuing the country's currency Ireland pound.
    If supervision objects
    In Ireland, foreign exchange dealers are investment intermediary categories. The Irish central bank regulate foreign exchange products, and has many warning CFDS and binary options as high -risk products.
    In addition, in order to reduce the risks of CFDS products to retail customers, the Central Bank of Ireland considers two aspects: first, prohibiting providing CFDS products to retail customers; second, strengthen investor protection.

    The type of CBI licenses of Ireland:

    Credit institutions

    Credit agency

    n investment fund

    authorized UCITS

    retail credit

    n Payment service

    electronic currency company

    foreign exchange transactions

    Irish .png

    Irish license application requirements:

    The central bank requires the application for authorization to submit the company's operation plan, including compliance requirements, company organizational structure, employee arrangements, outsourcing services, technical services, websites, etc.

    The operating plan shall include the following requirements:

    The proposed regulatory activities and non -retail intermediary services;

    The organization structure, other business location, group structure, group structure , Related links;

    management and employee arrangements;

    outsourced and outsourcing supervision services (if applicable);

    i.t./ website;

    compliance;

    In internal audit (as applicable);

    authorized specific activities/tools;

    ;

    Ip directors and senior managers;

    service/product supervision and governance;

    Annual audit account.

    If investment brokers/intermediaries include content with deposit agents/brokers; investment product suggestions; representing customers to receive and pass investment tools from other financial service providers. Investment brokers/intermediaries must submit annual revenue reports and annual audit accounts.

    The company organizational structure

    1. Make requirements for company personnel

    After the application is submitted to the license The role of approved control function PCF "to complete the investigation of integrity and integrity personal questionnaires; these personnel are usually members of the board of directors, senior managers, etc., can be submitted through the central bank's online report system.

    PCFS personnel list: Executive director, non -executive director, chairman of the board of directors, chief financial officer, director of risk control, legal director, etc.

    The punishment measures

    Igone central banks will warn, penalties, licenses, and cancellation of licensed companies. Central Bank of Ireland issued warnings

    isolation accounts

    C customer funds need to be isolated

    The best benefits of investment companies should be honest and fair to protect customers. Customer funds should be distinguished from the company's own funds to ensure that customer funds hold in the trust account.

    (1) A investment company should be honest, fair, and professional for the best interests of customers.

    (2) A investment company should be divided into customer funds from the company's own funds; 2. Ensure that customer funds are stored in a trust account representing the interests of customers.

Leave a Reply