Many of State’s biggest employers to demand staff attend office at least some of the time
EmploymentUCITS/AIFMD integration of sustainability, UCITS KIID/PRIIPs KID, sustainability disclosures delay, SFDR Q&A, LIBOR, MMFR, EU Taxonomy "beyond green", EU Social Taxonomy, AML/ CTF: compliance officer/ governance consultation
Asset Management & Investment FundsLegislative measures requiring integration of sustainability factors and sustainability risks into UCITS and AIFMD regimes will apply from 1 August 2022.
Asset Management & Investment FundsCrypto-assets, CBI deadlines, CBDF, MMFs, Markets Updates, Beneficial Ownership
Asset Management & Investment FundsAs detailed in our alert in June 'greenwashing' is receiving increasing government scrutiny. The act of 'greenwashing' occurs whereby businesses make false or misleading claims regarding the environmental soundness of their product or service in an attempt to capitalise on the growing demand for environmentally sound products.
ESG & Sustainability
In our latest publication, we compare two recent Irish High Court decisions; Hyper Trust Limited v FBD Insurance [2021] IEHC 78 (FBD) and Brushfield Limited v Arachas Corporate Brokers Limited and AXA Insurance DAC [2021] IEHC 263 (AXA).
COVID-19The introduction of the Senior Executive Accountability Regime and broader Individual Accountability Framework will be one of the most impactful regulatory changes of recent years. The recent publication of the General Scheme for the legislation gives a good indication of what will be expected of regulated firms and individuals within them.
Financial RegulationOn 26 March 2021, the European Commission (Commission) published a Staff Working Document summarising the findings of an evaluation (Evaluation) of procedural and jurisdictional aspects of the application of Council Regulation (EC) No 139/2004 of 20 January 2004 (i.e. the EU Merger Regulation (EUMR)).
EU, Competition & ProcurementAt the end of July, the long-awaited General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021 was published. It provides for an Individual Accountability Framework designed to deliver heightened accountability in the financial system and follows the Central Bank of Ireland's focus on consumer issues in a number of sectors.
Financial RegulationOn 6 August 2021, the Central Bank of Ireland (CBI) published a Consultation Paper seeking stakeholders’ views on its proposed Guidance on the Use of Services Companies for Staffing Purposes in the Insurance Sector (the Guidance).
Insurance & Reinsurance1 July 2022 is the new date for implementation of the next phase of sustainability-related disclosure requirements under the Sustainable Finance Disclosures Regulation (SFDR).
Asset Management & Investment Funds
The English High Court has recently granted summary judgment against several tenants for rent arrears, which accrued during the COVID-19 pandemic, in two cases: Commerz Real Investmentgellschaft mbH v TFS Stores Ltd [2021] EWHC 863 (Ch) (Commerz) and Bank of New York Mellon (International) Ltd v Cine-UK Ltd and Others [2021] EWHC 1013 (QB) (Bank of NY).
COVID-19
