Domestically, theCBI has issued communications to regulated financial services providers introducing prudential flexibility measures; At European level, ESMA has issued a public statement to promote coordinated action by NCAs regarding benchmarks external audit requirements; issued a no action letter on the new ESG disclosure requirements under the Benchmarks Regulation.
FinanceDomestically, the CBI has issued communications to regulated financial services providers introducing prudential flexibility measures. It has also launched a COVID-19 Information Hub; At European level, the European Commission, the ECB, and EBA have adopted a range of measures in response to COVID-19.
FinanceAn advocate for the Court of Justice of the European Union (CJEU) has released an opinion calling into question the extension of planning permission granted for the proposed Shannon Liquified Natural Gas (LNG) Terminal project (Permission). This was in response to a reference sent by the Irish High Court.
Environmental & PlanningThe European Securities and Markets Authority (ESMA) has published guidelines on performance fees in UCITS and certain types of AIFs which aim to harmonise EU supervisory practices.
Asset Management & Investment FundsThe High Court has made a referral to the Court of Justice of the European Union (CJEU) on whether it is obliged to rule on the legality of a decision to grant planning permission, in circumstances where all parties have consented to have the proceedings struck out.
Environmental & PlanningESMA guidelines on performance fees, ESG, ESMA & COVID-19, ESMA on performance and costs of retail investment products in the EU, ESMA consultation processes, AML / CTF.
Asset Management & Investment FundsCBI COVID-19 hub, CBI COVID-19 letter to industry, CBI COVID-19 measures, CBI Markets Updates, FATCA.
Asset Management & Investment FundsQ&A of the month. How should Regulated Financial Service Providers manage Pre-approval Controlled Function (PCF) vacancies in the context of the challenges presented by the COVID-19?
Asset Management & Investment Funds
Financial services providers have been very active in maintaining essential services, managing their own duties as employers and managing operational and compliance risk in the COVID-19 environment.
COVID-19
It is lawful to lobby in Ireland. However, certain lobbying exercises must be disclosed in the lobbying register on www.lobbying.ie within certain statutory timelines otherwise businesses could be penalised or prosecuted.
COVID-19The European Commission has stressed that in order to achieve the EU's 2030 climate targets, approximately €180bn each year of additional investments in energy efficiency and renewable energy is needed – a key part of this is 'making the financial sector a powerful actor in fighting climate change'.
Energy & Natural Resources
The COVID-19 global crisis has brought cross border insolvencies into focus as companies consider the challenges that may arise where assets are situated across a number of jurisdictions and where an insolvency event may occur.
Aviation & Transport Finance
