The reform of Irish gambling laws is picking up pace following the publication of the General Scheme of the Gambling Regulation Bill on 21 October 2021 with two key developments.
Betting, Gaming & LicensingThe Gender Pay Gap Information Act 2021 was signed into law last year, but regulations prescribing the details and requirements associated with the publication of the information are still awaited.
EmploymentIf enacted as currently drafted, the Competition (Amendment) Bill 2022 (Bill) would give effect to Directive (EU) 2019/1 (i.e. ECN+) by further empowering the Competition and Consumer Protection Commission (CCPC)) to investigate and enforce EU competition law in Ireland.
EU, Competition & ProcurementAn upcoming change in law, which has been in the pipeline for many years but has received renewed focus in light of the current situation in Ukraine and associated sanctions against Russia, will see the introduction of a public register of beneficial owners of overseas entities that own or buy land in the UK.
BelfastOn 25 February 2022, the EU adopted a package of sanctions in response to Russia's attack on Ukraine. This second package builds on, and significantly expands, the first package of sanctions adopted on 23 February in response to Russia's recognition of the Donetsk and Luhansk oblasts of Ukraine as independent entities.
Aviation & Transport FinanceMMFs, SFDR, Taxonomy, MiFID, ID, UCITS, AIFMD, ESMA's Sustainable Finance Roadmap, ESMA report on the AIF sector and AIF exposures to CRE, CBDF, ESMA TRV, EU list of high risk third countries
Asset Management & Investment FundsCBI securities markets risk outlook report, SEAR, FATF, Sanctions
Asset Management & Investment FundsGig economy employers should sit up and take note of the recent decision in Smith v Pimlico Plumbers Ltd [2022] EWCA. The Court of Appeal held that where workers succeed in establishing worker...
BelfastThe structural trend towards environmental, social and governance (ESG) focused investing has been underway in Europe for some years now. European ESG funds have multiplied year-on-year inflows over the past five years.
Asset Management & Investment FundsWe look here at recent key developments on the two-pillar solution and the statement published by the OECD/G20 Inclusive Framework last October, which dealt with a number of key aspects of global tax reform as set out in the OECD BEPS 2.0 proposals.
TaxSignificant and wide-ranging new powers of intervention will be given to the Irish merger control authority i.e. the Competition and Consumer Protection Commission (CCPC), under the recently-published Competition (Amendment) Bill 2022 (Bill).
EU, Competition & ProcurementDomestically, the Irish Funds ESG Working Group issued a Q&A on the EU Taxonomy. At a European level, ESAM launched a Common Supervisory Action on the valuation of UCITS and open-ended AIFs and updated its UCITs Q&As on hedged share classes
Asset Management & Investment Funds
