Are Irish Funds required to appoint audit committees?
Asset Management & Investment FundsESMA liquidity stress testing guidance, EU equivalence, cross-border fund distribution, AML/CTF
Asset Management & Investment FundsBrexit update deadline, liquidity management expectations, CP86 review, UCITS and AIFM Regulations, Central Register of Beneficial Ownership GDPR breaches, National AML/CTF Risk Assessment, Market Abuse, Prospectus Regulation
Asset Management & Investment FundsA European Directive and Regulation on the cross-border distribution of funds (CBDF) came into force on 1 August 2019.
Asset Management & Investment FundsIn spring 2019, AWG announced that it had contracted with technology solutions company Fexco to build, support and operate the the Global Aircraft Trading System (GATS) platform.
Aviation & Transport FinanceThe EU Directive on Package Travel and Linked Travel Arrangements (Directive 2015/2302) was transposed into Irish law by the European Union (Package Travel and Linked Travel Arrangements) Regulations 2019 (S.I. 80/2019) (the Irish Package Travel Regulations)
As we communicated in our article last month, the new EU Prospectus Regulation (the Regulation) has applied in full across the EU since 21 July 2019. At a domestic level, the European Union (Prospectus) Regulations 2019 (S.I. No. 380/2019) came into force on 21 July 2019 (the 2019 Regulations).
Corporate & M&AOn 13 May 2019, the European Commission fined Anheuser-Busch InBev NV/SA (AB InBev) €200,409,000 for abusing the company’s dominance in the Belgian beer sector because the company relabelled one of its beer brands and also restricted supply of that brand so as to deter the cross-border sales of the brand within the EU
EU, Competition & ProcurementThere is a great deal of commentary that a No-Deal Brexit (NDB) on 31 October 2019 is inevitable. While one cannot rule out the possibility, it is far from inevitable and definitely not a racing certainty.
BrexitIn Cantrell v. Allied Irish Banks Plc [2019] IECA 217 the Court of Appeal allowed an appeal of a finding of the High Court that plaintiffs who allege they had been mis-sold an investment product were inside the limitation period to bring their claims.
DisputesThe Land and Conveyancing Law Reform (Amendment) Act 2019 has been signed into law and is due to commence before the start of the next Circuit Court term.
DisputesOn Friday 16 August, the Data Protection Commission (DPC) published its findings on certain aspects of the Public Services Card (PSC). The DPC found that seven out of eight of its findings were adverse to the positions advanced by the Department of Employment and Social Protection (DEASP) and that there is and has been non-compliance with the applicable provisions of data protection law.
Technology
