The Central Bank of Ireland has finally issued its notice setting out requirements and guidance in relation to the implementation of competent authority discretions contained in the EU Investment Firms Regulation, and the two Irish regulations that implement the new IFD/IFR regime. 

https://www.centralbank.ie/docs/default-source/regulation/industry-market-sectors/investment-firms/mifid-firms/regulatory-requirements-and-guidance/implementation-of-competent-authority-discretions-in-the-ifd-regulations-and-the-ifr.pdf?sfvrsn=2