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publicationComparison between AXA and FBD COVID-19 cases
In our latest publication, we compare two recent Irish High Court decisions; Hyper Trust Limited v FBD Insurance [2021] IEHC 78 (FBD) and Brushfield Limited v Arachas Corporate Brokers Limited and AXA...
COVID-19 -
publication
The Individual Accountability Framework and SEAR – A guide to what you need to know and what next
The introduction of the Senior Executive Accountability Regime and broader Individual Accountability Framework will be one of the most impactful regulatory changes of recent years. The recent publication of the...
Financial Regulation -
article
Alert to businesses - Non-notifiable acquisitions increasingly at risk of EU review - the European Commission’s recent guidance and implications for merger control in Ireland
On 26 March 2021, the European Commission (Commission) published a Staff Working Document summarising the findings of an evaluation (Evaluation) of procedural and jurisdictional aspects of the application of Council Regulation (EC)...
EU, Competition & Procurement -
article
Individual Accountability and SEAR – Increased Regulatory Scrutiny
At the end of July, the long-awaited General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021 was published. It provides for an Individual Accountability Framework designed to deliver heightened...
Financial Regulation -
Article
Central Bank of Ireland publishes Consultation Paper and Guidance on the Use of Service Companies for Staffing Purposes in the Insurance Sector
On 6 August 2021, the Central Bank of Ireland (CBI) published a Consultation Paper seeking stakeholders’ views on its proposed Guidance on the Use of Services Companies for Staffing Purposes in the...
Insurance & Reinsurance -
publication
EU sustainability-related disclosures - delayed until 1 July 2022 | EC replies to SFDR questions
1 July 2022 is the new date for implementation of the next phase of sustainability-related disclosure requirements under the Sustainable Finance Disclosures Regulation (SFDR).
Asset Management & Investment Funds -
articleCourt decisions on the recovery of rent during the pandemic
The English High Court has recently granted summary judgment against several tenants for rent arrears, which accrued during the COVID-19 pandemic, in two cases: Commerz Real Investmentgellschaft mbH v TFS...
COVID-19 -
Article
Financial Services Regulation and Compliance - Insurance Jul 2021
Domestically, the CBI published the first issue of the Employers’ Liability, Public Liability and Commercial Property Insurance Report of the National Claims Information Database (NCID) and updated NCID FAQs; At...
Financial Regulation -
Article
Financial Services Regulation and Compliance - Funds Jul 2021
Domestically, , the new cross-border distribution of funds regime applies from 2 August 2021; At European level, an amending UCITS Directive and amending AIFMD Regulations were published and the cross-border distribution of funds...
Asset Management & Investment Funds -
Article
Financial Services Regulation and Compliance - General Cross Sectoral Jul 2021
Domestically, the Department of Finance published a General Scheme of Bill to implement SEAR and the Individual Accountability Framework; At European level, the ECB and ESRB published a joint report...
Financial Regulation -
Article
Financial Services Regulation and Compliance - Investment Firms Jul 2021
Domestically, the CBI published its findings following its industry review of MAR compliance and issued three Dear CEO letters; At European level, the EBA issued an opinion on the implementation...
Asset Management & Investment Funds -
Article
Financial Services Regulation and Compliance - Banking Jul 2021
Domestically, Deputy Governor of the CBI, Sharon Donnery gave a speech in relation to the levels of public debt in post-pandemic environment; At European level, the EBA launched a consultation...
Finance