Domestically, the CBI stated that the financing of a sustainable economy and climate risk is an important topic that is high on their funds and asset management sector agenda; At European level there have been many developments , including the publication of three sets of technical advice to the European Commission by ESMA regarding TC-CCPs under EMIR 2.2.
Financial RegulationDomestically, the CBI has set out what it is doing in the area of climate change; At European level the European Commission hosted a conference on the implementation in the European Union of new international rules for the banking sector known as the "finalization" of Basel III reforms.
Financial RegulationIn this chapter, A&L Goodbody provides an overview of the legal framework and key issues surrounding blockchain law in Ireland.
The European Data Protection Board (EDPB) has published its finalised Guidelines 3/2018 on the territorial scope of the GDPR (Article 3).
GDPRIn K & J Townmore Construction ltd. v. Kildare and Wicklow Education and Training Board [2019] IEHC 666 the High Court refused to refer a dispute to arbitration on the basis that an agreement between the parties to have the disputes resolved by way of expert determination had the effect of disapplying not only the conciliation provisions of the original contract but also the arbitration provisions
DisputesIn Bank of Ireland Mortgage Bank v. O’Malley [2019] IESC 84, the Supreme Court has indicated that, if a lender wishes to use the High Court summary summons procedure for debt recovery, each of the component elements of an overall debt being claimed (i.e. principal, applicable interest rates, bank charges etc.) need to be specifically explained.
DisputesOn 21 November 2019, the Director General of Financial Conduct at the Central Bank of Ireland, Derville Rowland, issued a Dear CEO letter in respect of differential pricing in the motor and home insurance industries.
Financial RegulationThe report provides an overview of key developments in various areas of law as well as featuring significant legal changes anticipated for 2020.
Asset Management & Investment FundsThe Minister of Finance has passed new Regulations, the Data Protection Act 2018 (section 60(6)) (Central Bank of Ireland) Regulations 2019, permitting data subjects’ rights under Articles 12-22 and Article 34, and controllers’ obligations under Article 5 GDPR, to be restricted to the extent necessary and proportionate to allow the Central Bank of Ireland (CBI) to carry out certain functions.
TechnologyThe Data Protection Commission (DPC) has published guidance which seeks to answer some of the most frequently asked questions in relation to Data Subject Access Requests (DSARs).
GDPRThe European Union (Money Laundering and Terrorist Financing) Regulations 2019 (the Regulations) were published on 25 November. The Regulations amend the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA). They are effective from 18 November 2019.
Financial RegulationUpdates to UCITS Directive, AIFMD and other legislative reforms.
Asset Management & Investment Funds
