Those involved with the area of residential mortgages and in particular residential mortgage arrears in the last 5/6 years will be aware of the Code of Conduct on Mortgage Arrears (the “Code”) and the Mortgage Arrears Resolution Process (“MARP”), which forms part of the Code.

The substantive provisions of the Act came into force on the 1st June 2015. It should be noted that there is a transitionary period of 18 months from the commencement of the Act. Under this new legislation all existing private limited companies will be obliged to alter their legal form. The two forms to which they must transition is a private company limited by shares (“LTD”) or designated activity company (“DAC”).

The Consumer Protection (Regulation of Credit Servicing Firms) Act 2015

Enactment and Commencement of the Companies Act 2014

The Regulation of Lobbying Act 2015 came into operation on the 1st September 2015 in response to a public outcry for increased transparency in how public bodies conduct their business to ensure that private interests do not unduly influence the shaping of public policy and the operation of public bodies.

Calls for a set of standardised guidelines have finally been answered by the recent introduction of the Circuit Court Rules (Actions for Possession and Well Charging Relief) 2015 and the accompanying Circuit Court Practice Direction Number 17.

Civil Debt (Procedures) Act 2015