Gender pay gap reporting requirements for employers with 250 or more employees will commence in December 2022.
Gender Pay GapThe Irish Branch of the Chartered Institute of Arbitrators (CIArb) published new rules1 last year intended to comply with the applicable legislation in both the Republic of Ireland under the Arbitration Act 2010 and Northern Ireland under the Arbitration Act 1996 (the New CIArb Rules).
DisputesIn the recent case of Kennedy & Others v Ward, a group of family members entered into an agreement (the Binding Heads of Terms (BHOT)) as mediated settlement of a dispute.
Corporate and M&AProgress towards the reform of Irish gambling law continues with the publication this week of the pre-legislative scrutiny report of the General Scheme of the Gambling Regulation Bill by the parliamentary Joint Committee on Justice.
Betting, Gaming & LicensingAs an island with extensive renewable electricity generation resources, Ireland should be favourably positioned to take advantage of the significant opportunities offered by green hydrogen production, storage and usage in the decarbonisation of Ireland's energy system.
Energy & Natural ResourcesAs highlighted in our previous publication, crowdfunding has gathered pace in recent years as an attractive alternative to traditional forms of finance typically offered by banks.
Financial Regulation2021 net exchequer receipts came to €67.5bn, an increase of 20% (€11.3bn) from 2020. This increase in receipts was primarily driven by increases in income tax and corporation tax receipts.
TaxThe Central Bank of Ireland (CBI) issued a Notice of Intention on UCITS Side-Pocket Arrangements.
Asset Management & Investment FundsOn 27 April, Irish Revenue published an update to its tax and duty manual covering the taxation of crypto-asset transactions. This was the first update to this manual in two years.
TaxIn domestic news, the CBI updated the list of PCF roles under the CBI's Fitness & Probity Regime and issued an update on the collection of beneficial owner PPS numbers. At European level, ESMA published its fourth annual statistical report on the cost and performance of EU retail investment products and carried out a supervisory engagement which focused on funds liquidity stress testing
Asset Management & Investment FundsIn domestic news, the European Union (Bank Recovery and Resolution) Resolution Fund Levy Regulations 2022 and the pre-legislative scrutiny report of the Central Bank (Individual Accountability Framework) Bill 2022 were published. At European level, the EC adopted the SFDR RTS, published its European Financial Stability and Integration Review 2022, launched the EU Digital Finance Platform
Financial RegulationIn domestic news, the CBI published "Dear CEO" letter addressed to MiFID authorised firms offering structured retail products. At European level, ESMA published MAR guidelines, its views on the MiFID II suitability consultation and guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements
Asset Management & Investment Funds