While the continued impact of EU competition law on big tech in particular, dominates the headlines - and will probably do so into 2022, including the Digital Markets act - there has been a flurry of very recent State aid decisions by the European Commission (Commission) and activity before the EU Courts (both pandemic and non-pandemic related).
EU, Competition & ProcurementThe Planning and Development (Amendment) (Large-scale Residential Development) Act 2021 (the LRD Act) has been enacted and is due to commence.
Environmental & PlanningEarlier this year, the English High Court ruled in favour of landlords seeking to recover rental arrears that accrued during the COVID-19 pandemic.
DisputesThe Maritime Area Planning Bill (the MAP Bill) continues its progress through the Irish legislature.
Energy & Natural ResourcesSFDR delay, UCITS fee rebate arrangements, cessation of LIBORs and EOINIA, consultation on remote customer onboarding solutions
Asset Management & Investment FundsDeadlines, CBI year end timeframes, CBI Q&A, CBI guidance on operational resilience, company law flexibility measures, beneficial ownership of CFVs
Asset Management & Investment FundsThe Central Bank of Ireland issued timeframes for receipt of applications that are seeking a Christmas or year-end effective date for:
Asset Management & Investment FundsDomestically, the CBI issued market updates Issue number 14 and 15 of 2021; At European level, ESMA published its common enforcement priorities for 2021 annual financial reports.
Asset Management & Investment FundsDomestically, the CBI announced Glenn Calverley as Director appointment in Strategy and Governance; At European level, the ECB reported that card fraud declined in 2019, the EBA reaffirmed its commitment to support green finance in view of the UN Climate Change Conference.
Financial RegulationDomestically, the CBI published the Private Motor Insurance Report of the National Claims Information Database; At European level, EIOPA committed to support the insurance and pensions sectors’ efforts to tackle climate change.
Asset Management & Investment FundsDomestically, in a "Dear CEO" letter the CBI set out supervisory expectations of regulated firms regarding climate change: At European level, President von der Leyen spoke at the UN Climate Change Conference, the European Commission announced a new pledge of €100m in finance for the Adaptation Fund and also adopted three work programmes for the Digital Europe Programme.
Financial RegulationDomestically, the CBI fast-tracked the EU taxonomy filing deadline; At European level, proposals for revisions to AIFMD will now proceed through the EU legislative process and the European Parliament adopted texts amending the PRIIPs Regulation and the UCITS Directive.
Asset Management & Investment Funds
