It has been a relatively quiet month for funds updates. On the domestic front the Central Bank of Ireland (CBI) published a discussion paper on outsourcing activities in financial service providers and its Notice of Intention to make provision for entities to act as depositaries to Alternative Investment Funds...
On the domestic front the CBI Central Bank of Ireland (CBI) published its financial stability note on Irish retail profitability spanning the past 15 years. On the European front it has been a relatively busy month with the publication of the European Banking Authority's (EBA's) stress test results. The European Central Bank (ECB) published its final guides for banks on their capital...
FinanceOn the domestic front the Central Bank of Ireland (CBI) has published Corporate Governance requirements for Investment Firms and Market Operators 2018 and operational and technical arrangements for transaction reporting under Regulation 600/2014 (MIFIR). On the European front it has been quiet a busy month. European Securities and Markets Authority (ESMA) published guidelines on MiFID II...
Financial RegulationOn the domestic front the Central Bank of Ireland (CBI) expects insurers to advise customers about the impact of Brexit before the end of 2018. Proposals were made to introduce new accountability measures for senior managers. The CBI updates Solvency II guidance on applications for approval of basic and ancillary own funds and publishes findings from its MGA thematic inspection. The CBI also...
Financial RegulationOn 10 December 2018, the Central Bank published a Consultation Paper (CP 127) on proposed amendments to the Central Bank Prospectus Rules and their consolidation into Central Bank (Investment Market Conduct) Rules.
Asset Management & Investment FundsThe General Scheme of the Companies (Corporate Enforcement Authority) Bill, (the Scheme) has been published.
Companies ActThe Data Protection Commissioner (DPC) has published her final Annual Report covering the period of 1 January 2018 to 24 May 2018. From 25 May 2018, the office of the Data Protection Commissioner ceased, and the new Data Protection Commission was created under the Data Protection Act 2018.
Commercial & TechnologyOn 10 December, the Court of Justice of the European Union (CJEU) ruled, in a 76-paragraph judgment, that a member state may unilaterally withdraw the notice of its intention to leave the EU. This is only so long as the withdrawal agreement has not entered into force or any extension of the article 50 negotiation process has not expired.
BrexitOn 29 March 2017, the Article 50 letter was taken by two civil servants from London to Brussels on Eurostar.
BrexitThe Court of Appeal has recently brought clarity as to when an employee in a disciplinary procedure should be allowed to bring a lawyer
EmploymentIreland is a key global hub for aviation finance and leasing, having almost 50 years' experience in the sector.
Aviation & Transport FinanceAlmost immediately after the Brexit referendum result was known in June 2016, the talk was when would the UK "trigger" Article 50? There was much speculation about when the UK would send the so-called "Article 50 Letter".
Brexit