On 23 October 2023, the European Council adopted a directive concerning financial services contracts concluded at a distance, following approval by the European Parliament. This marks the final step of the EU decision-making process.
Financial Regulation AdvisoryWe reflect on the Director General of the European Commission’s Directorate General for Competition address on the Digitial Markets Act as well as AI. Read more.
EU, Competition & ProcurementIreland's Screening of Third Country Transactions Bill (now the Act) finally completed its passage through the Houses of the Oireachtas (the Irish Parliament) last week and was signed into law by the President of Ireland today (31 October 2023).
Corporate & M&AIreland recently saw, for the first time in its history, the criminal conviction of an individual for insider dealing.
Corporate Governance & ComplianceFollowing the publication of the Central Bank’s draft Guidance on the Individual Accountability Framework (IAF) in March 2023 and the consultation process which closed in June 2023, it appears that publication of the final Guidance and the feedback statement on the Consultation is imminent and will be published next week.
Asset Management & Investment FundsALG's Financial Regulation Advisory team look at the developments outlined in the Financial Consumer Protection Roadmap.
Financial RegulationOn 1 November 2023, the Central Bank of Ireland published Consultation Paper 155 on a proposed new European Long Term Investment Fund chapter of the Central Bank’s AIF Rulebook.
Asset Management & Investment FundsA case involving alleged bid-rigging by some local bus operators is scheduled for 2025. Read more here.
EU, Competition & ProcurementPaddington Bear, the friendly spectacled bear from “darkest Peru”, has a habit of getting into trouble. However, it was Paddington and Company Limited and Pixdene Limited that got into a sticky situation in relation to an audit clause in their contract. Read more
BelfastIssues involving whether a worker is engaged under a contract of service (as an employee) or a contract for services (as an independent contractor) occur in a wide range of different legal contexts and have been the subject of many decisions handed down by various bodies over the years. Read the latest update here.
EmploymentESMA’s new Guidelines on MiFID II product governance requirements came into effect on 3 October 2023.
Financial RegulationOn 26 October 2023, the UK’s Online Safety Act received Royal Assent. Read more on the implications of this here.
Belfast
