The European Commission recently published draft Article 28 Standard Contractual Clauses for use between controllers and processors located within the European Union.
TechnologyThe European Commission recently published its new draft Standard Contractual Clauses (SCCs) for international transfers of personal data to third parties located outside of the EEA.
TechnologyThis week saw the release of the long awaited "Review of the Administration of Civil Justice Report" (The Report). The Report was produced over a number of years by a group of judges and key stakeholders in the legal system with former President of the High Court Mr. Peter Kelly chairing the committee.
Disputes
A revised and updated Work Safely Protocol has now been published. It applies to all sectors and sets out the minimum health and safety measures required in every workplace to prevent the spread of COVID-19
COVID-19By 1 January 2021, the Brexit transition period will have come to an end; whilst there may be a lot of uncertainty moving forward into the New Year, the UK government are now outlining the changes that will occur regarding the UK's public procurement process.
BrexitDomestically, the CBI published the second motor insurance report of the National Claims Information Database, an update on prudential regulatory flexibility measures, and a financial stability note on differential pricing; At European level, EIOPA published updated monthly technical information for Solvency II Relevant Risk Free Interest Rate Term Structures
Financial RegulationDomestically, the CBI is to provide a fast-track process for SFDR prospectus updates; At European level, ESMA launched a consultation on marketing communications under the Regulation on facilitating cross-border distribution of collective investment undertakings.
Financial RegulationDomestically, the CBI published a letter to the management of all financial service providers identifying significant shortcomings in firms' compliance with the fitness and probity regime; At European level, the EBA has set out its expectations on how money laundering and terrorist financing risk should be considered by prudential supervisors.
Financial RegulationDomestically, the CBI issued its latest markets update, updated its prudential flexibility measures for investment firms and published the outcome of a thematic review of compliance by MiFID-authorised investment firms with best execution requirements for consumers; At European level, ESMA launched a consultation on market data obligations
Asset Management & Investment FundsDomestically, the CBI updated its webpage on prudential flexibility measures for credit institutions; At European level, senior members of the EBA and the ECB delivered speeches stressing the importance of good governance in banks.
Financial RegulationRead our summary of the application process to the Central Bank of Ireland to become a registered AIFM and the conditions a registered AIFM must satisfy and continue to observe.
Asset Management & Investment FundsThe UK has given fisheries prominence because a "good result" would be more meaningful for voters than other more theoretical and complex issues. Vincent Power explained that it'll be very difficult to find a deal on fisheries that will please everyone.
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