On the domestic front: CBI issued a consultation paper CP130 on the treatment, correction and redress of errors in investment funds; plus details of CBI deadlines for Christmas 2019 and more. In European News, ESMA issued guidelines on liquidity stress testing in UCITS and AIFs and details on China's foreign exchange...
Financial RegulationThis month, the Central Bank introduced an addendum to its Consumer Protection Code which includes new rules around the payment of commission to financial intermediaries; At EU level, ESMA issued its latest double volume cap data.
Financial RegulationThis month, the Credit Reporting Act 2013 was amended to avoid duplication for lenders or other CIPs subject to other verification obligations; At EU level, the ECB introduced a two-tier system for remunerating excess liquidity holdings and made comments in relation to future concerns around the financial system.
Financial RegulationThis summer we saw the introduction of the Parental Leave (Amendment) Act, 2019 which extended unpaid parental leave from 18 to 22 weeks and a further extension to 26 weeks' parental leave by 2020. This week, the Government published the new Parent's Leave and Benefit Bill 2019. This Bill is expected to be enacted on or before 1 November 2019.
EmploymentKey messages from Mr Paschal Donohoe, the Irish Minister for Finance and Public Expenditure & Reform on 8 October 2019
TaxThe past decade has seen a marked and continuing shift in global focus towards greater accountability and responsibility for decision making in the financial sector - no doubt influenced by the fallout of financial crisis.
Insurance & ReinsuranceOn 27 September 2019, the European Commission (Commission) announced that it had fined two companies a total of €31.6m for breaching EU antitrust rules. A third company involved was not fined as it had disclosed the existence of the breach to the Commission.
EU, Competition & ProcurementLegal stress-testing involves carrying out a legal review of a planning application before being lodged
DisputesThe Supreme Court, weighing in on the legal saga relating to Daly v Nano Nagle School, has clarified the extent of an employer's duty to reasonably accommodate a disabled employee. Rowing back from last year's Court of Appeal decision, the Supreme Court appears to have imposed a more onerous burden on employers.
EmploymentJohn Whelan, Head of A&L Goodbody's Commercial & Technology Department and Alison Quinn, Associate, Commercial & Technology, review patent laws and regulations in Ireland.
Commercial & TechnologyThe Government Chief Whip, Seán Kyne TD, has published the Government’s Legislation Programme for Autumn 2019. The Programme lists 32 priority Bills; 27 Bills currently before the Houses of the Oireachtas, and 69 Bills where preparatory work is underway.
Commercial & TechnologyLast month, the UK Information Commissioner (ICO) released a statement announcing an investigation into the use of facial recognition technology (FRT) in public spaces and expressing concern over its "potential threat to privacy" and "people's…most sensitive personal data". The ICO reassured individuals that it "will not hesitate to use our investigative and enforcement powers to protect people's
GDPR