On 3 November 2021, the Central Bank of Ireland (CBI) published its anticipated "Dear CEO" letter on climate and ESG issues.
ESG & SustainabilityThe High Court has issued an important decision regarding applications for planning permission for projects, which are based on a "design envelope" approach.
Environmental & PlanningOn 14 October 2021, Ms Justice Costello in the Court of Appeal (COA) delivered her judgment in Heather Hill Management Company CLG and Anor v An Bord Pleanála [2021] IECA 259, overturning an earlier decision of the High Court.
Environmental & PlanningAn outline of the long anticipated legislation to reform Irish gambling laws and establish an independent gambling regulator has now been published. The 224 page General Scheme of the Gambling Regulation Bill was unveiled on 21 October 2021 by James Browne TD, the Minister of State at the Department of Justice who has been tasked with responsibility for gambling law reform.
Betting, Gaming & LicensingOn 20 October 2021, the General Scheme of the Insurance (Miscellaneous Provisions) Bill 2021 (the Bill) was published.
Insurance & ReinsuranceDeadlines, ESMA's CBDF marketing guidelines, investments in UK AIFs originally authorised as UK UCITS, Taxonomy disclosure, Derville Rowland speech, regulatory levies, beneficial ownership
Asset Management & Investment FundsTaxonomy RTS, PRIIPs, ESMA newsletter and 2022 Work Programme, ESA's 2022 Work Programme, MMFs
Asset Management & Investment FundsThe publication of long anticipated draft outline legislation to reform Irish gambling laws and establish an independent gambling regulator, now appears to be imminent. In a response to a parliamentary question last week Minister of State at the Department of Justice, James Browne indicated that the General Scheme of the Gambling Bill is "at an advanced stage" and would be published "shortly"
Betting, Gaming & LicensingOn 11 October 2021 the Department of Environment, Climate and Communications and the Commission for Regulation of Utilities simultaneously published two important (and interrelated) consultations on the first proposed offshore wind subsidy scheme and offshore grid connection policy.
Energy & Natural ResourcesThe High Court has recently made a decision confirming the process that applies when considering whether or not to remit a planning application, where permission has been granted and then overturned following judicial review.
Environmental & PlanningDomestically, the CBI published the latest issue of its Insurance Quarterly Newsletter; At European level, EIOPA published updated representative portfolios to calculate volatility adjustments to the Solvency II risk-free interest rate term structures, and the criteria for the independence of supervisory authorities.
Financial RegulationDomestically, the European Commission released a statement regarding the operation of the Protocol on Ireland/Northern Ireland; At European level, European banking authorities released a joint letter on Basel III, the ESAs issued their second joint risk assessment report for 2021, and ESMA published its 2022 annual work programme.
Financial Regulation
