In this month's funds update we look at speeches made by the CBI's Director of Asset management and the Minister of State for Financial Services and Insurance at the A&L Goodbody Annual Asset Management & Investment Seminar. Domestically, we also cover amendments to the CBI's UCITS and AIFMD Q&A; and on the European front we have a number of ESMA updates....
Financial RegulationFrom a domestic perspective, the main update this month concerns the ongoing Tracker Mortgage Examination and related frequently asked questions document produced by the Central Bank in response to the Examination. On a European level, the EBA and ECB are continuing to issue guidance in preparation for Brexit, with the EBA publishing an opinion with practical recommendations for firms in the 18...
Financial RegulationConstruction Wages; Gender Pay Gap; Data Protection
EmploymentCorporate Governance Review 2017 - Ireland
Corporate Governance & ComplianceThe Financial Action Task Force (FATF) has published its mutual evaluation report (MER) on Ireland following its assessment of the country's anti-money laundering and counter-terrorist financing (AML/CFT) system.
Asset Management & Investment FundsWhat is the latest update on the transposition of the Fourth Anti-Money Laundering Directive in relation to the beneficial ownership of trusts?
Asset Management & Investment FundsOn the International Front we look at: ESMA Q&A's on AIFMD and UCITS; MiFID II; EMIR; CSDR; ESMA work; Benchmarks Regulation and AML / CTF
Asset Management & Investment FundsIn Irish practice developments we look at some approaching deadlines; Speeches by Michael D’Arcy and Michael Hodson; Central Bank Markets Update; Central Bank levy
Asset Management & Investment FundsIn Reilly & Personal Insolvency Acts 2012-2105 [2017] IEHC 558, Baker J, 5 October, 2017, the High Court held that applications to Court under Section 115A of the Personal Insolvency Acts 2012-2015 (the Acts), for approval of a Personal Insolvency Arrangement (PIA) despite its rejection by creditors, must be made by a Personal Insolvency Practitioner (PIP) and not by the Debtor themselves.
Restructuring & InsolvencyIn Goode Concrete v CRH PLC & ors [2017] IEHC 534, High Court, Barrett J, 7 September 2017, the Court ordered a confidentiality ring for discovery in proceedings which alleged a breach of competition law, by way of collusive tendering, concerted practices and/or abuse of a dominant position.
EU, Competition & ProcurementThe EU's European Banking Authority ("EBA") and European Medicines Agency ("EMA") are currently both located in the UK. As a result of Brexit, the two bodies will be looking for new homes. 21 EU Member States – representing 23 cities - have applied to house the bodies.
BrexitHR practitioners will be aware of the 'buzz' words connected to a disciplinary process triggered by allegations of misconduct: ensure there is a thorough investigation; operate a fair process; and reach a reasonable outcome.
Pensions & Incentives
