In July 2025, the European Central Bank (ECB) and the European Securities and Markets Authority (ESMA) each published guidance to financial institutions on their outsourcing to cloud service providers.
DORAOn 14 July 2025, the European Commission published its finalised guidelines on the protection of minors (the Guidelines) under the Digital Services Act (the DSA).
TechnologyUnder a statutory provision commenced on 16 July 2025, small companies will no longer lose their audit exemption after one failure to file in compliance with the Companies Act 2014 within a five-year period.
Corporate & M&ADomestically, the CBI updated its website in relation to the authorisation process for Retail Intermediaries. At European level, the European Commission updated its list of high-risk jurisdictions.
Financial Regulation AdvisoryAt European level, Regulation 2025/1215 as regards requirements for securities financing transactions under the net stable funding ratio was published in the Official Journal of the EU.
Asset Management & Investment FundsDomestically, the CBI published its Investment Firm and Intermediary Newsletter and Insurance Newsletter. At European level, EIOPA publishes its Annual Report for 2024 and its monthly technical RFR information.
FinanceDomestically, Irish Funds updated its AML/CFT/FS guidelines. At European level, ESMA publishes its UCITS eligible assets advice to the European Commission and launched a discussion paper on streamlining fund data reporting.
Asset Management & Investment FundsDomestically, the CBI published rules and guidance applicable to supervisory disclosures and updated the options and national discretions under the CRR. At European level, the European Council agreed its negotiating position on PSD3/PSR.
FinanceOn 1 July 2025, the Central Bank of Ireland (Central Bank) fined Swilly Mulroy Credit Union (SMCU) €36,273 for multiple breaches over a seven and a half year period.
DisputesOn 11 July 2025, amendments to corporate sustainability reporting obligations were announced at both national and European levels. In Ireland, the European Union Regulations 2025 were published.
ESG & SustainabilityThe International Registry established under the Convention on International Interests in Mobile Equipment (the Convention) provides for the electronic registration and protection of ‘international interests’ in aircraft assets.
DisputesThe Supreme Court has clarified the circumstances in which public authorities may be found to owe a duty of care and held liable for negligence in the exercise of their statutory powers.
Disputes
