Supervisory Body

Central Bank of Ireland

Name of Clearing & Settlement Organization

Equities and ETFs trading on ISE Xetra are settled in Euroclear UK & Ireland and cleared by Eurex Clearing AG. Debt securities are settled in Euroclear Bank Brussels, DTCC and Clearstream Banking Luxembourg

Irish Government Bonds are settled via Euroclear Bank Brussels.

Settlement Cycle

T+3, although alternative settlement periods can be bilaterally negotiated.

Name of Central Securities Depository

For equities and ETFs, the CSD is Euroclear UK & Ireland.

For debt securities, three CSDs are recognise: Euroclear Bank Brussels, DTCC and Clearstream Banking Luxembourg

For Irish Government Bonds, the CSD is Euroclear Bank

Commissions on Transactions levied by Exchange

There are no commissions applied by the Exchange other than normal exchange bargain charges. Stamp duty of 1% is payable on the purchase of Irish equities to the Irish revenue (it is not payable on ETFs and Irish Government bonds).
 

Taxes on Dividends, Interests

Depends on residency and domicile of individual/entity involved.

2011 Share ownership thresholds (%)

There is a requirement on an individual/entity to disclose "major interests in shares", which is a holding of 3% or more of the voting share capital of a company listed on the Irish Stock Exchange.

Short selling (Yes / No)

Yes

Short selling conditions (if any)

Prohibited in relation to Irish bank stocks since 19 september 2008 by the central bank of Ireland.