Amendments Processing for (Re)insurance Undertakings

The Central Bank of Ireland plays a role in assessing any proposed amendments to an undertaking's approved business model, and in processing changes to master data held on our systems.  This section highlights the changes that may be required in the normal course of business. 

• Regulated insurance undertakings must submit any Request Change listed below via the Central Bank of Ireland Portal.

• Where an unregulated third party (e.g. an acquirer or a legal representative) wishes to submit an Acquiring Transaction Notification or a Portfolio Transfer Notification they will not have access to the Central Bank of Ireland Portal; they should therefore contact the relevant entity’s supervision team for details on how to submit the notification and supporting documentation.

If you are unclear about the process for requesting a particular change, or about the supporting documentation that should accompany your request, please discuss the relevant entity’s regular supervisory contact.

Request Changes

(Re)insurance Undertakings must use the Central Bank of Ireland Portal for the following data change requests:

• Change of Accounting Date
• Change of Address
• Change of Auditor
• Change of Legal Advisor
• Change of Legal Name
• Extension of Insurance Classes
• Acquiring Transaction Notifications
• Branch Application submissions
• Material Change of Business Plan
• Portfolio Transfers
• Revocation of Insurance Authorisation
• Internal Model Approvals (Full or Partial
• Approval of Ancillary Own Funds
• Approval of Basic Own Funds
• Approval of Matching Adjustment
• Approval of Transitional Risk Free Rate
• Approval of Transitional Technical Provisions
• Approval of Undertaking Specific Parameters
• Approval of Volatility Adjustment
• Derogation from Corporate Governance Requirements
• Derogation from the Domestic Actuarial Regime
• Waiver - Group ORSA
• Waiver - Group SFCR
• Waiver - SFCR

Acquiring Transaction Notifications

Material Change of Business

Please note that prior to submitting this checklist, the firm should contact the Supervision Team to discuss the proposed change of business. If the firm is, or should reasonably be, in any doubt regarding the materiality of any change(s), the matter should be discussed with the supervision team at this stage.