Automatic Enrolment Retirement Savings System Act 2024 section 77

Amendment of Investment Intermediaries Act 1995

Section 77 amends the Investment Intermediaries Act 1995 to exclude the National Automatic Enrolment Retirement Savings Authority from the scope of that Act.

• This section amends section 2(6) of the Investment Intermediaries Act 1995, which lists bodies exempt from that Act's regulatory requirements.
• The National Automatic Enrolment Retirement Savings Authority (An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir) is added to the list of excluded bodies.
• The effect is that the Authority is not treated as an investment intermediary and does not fall under the regulatory framework of the 1995 Act.
• This exemption reflects the Authority's statutory public body status, distinguishing it from commercial investment intermediaries regulated under the 1995 Act.