New SME Regulations Amended

02-06-2016

Author: Orla O’Connor and Robert Cain



The SME Regulations were amended by SI 280/2016 on 27 May 2016. The most notable changes relate to the conditions that must be met for an enterprise to be a micro and small enterprise or a medium-sized enterprise.

Background

Our February 2016 Client Briefing summarised the new SME Regulations and their potential impact.1 These new SME Regulations govern dealings between regulated entities and SMEs, were signed on 17 December 2015 and will apply to regulated entities (other than credit unions) from 1 July 2016 and to credit unions from 1 January 2017.

Read the full briefing here.

 

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