The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 came into operation on 26 November 2018.
Asset Management & Investment FundsIreland’s Competition and Consumer Protection Commission (“CCPC”) has initiated a very welcome public consultation on possibly simplifying the merger control process.
Corporate & M&AAs the year draws to a close, many employers are re-setting their "leave year" clock and the natural question of what will happen to any untaken annual leave entitlement arises. While Ireland's Organisation of Working Time legislation entitles all employees to 20 days' statutory leave in any given leave year (pro-rated for part-time staff), it is a matter for the individual employer whether to...
EmploymentOn 21 November 2018, the Irish lower house of parliament, Dáil Éireann, voted to approve a motion supporting the Draft Withdrawal Agreement between the EU and the UK.
Brexit
In August 2018, the UK Financial Conduct Authority (FCA) announced the creation of the Global Financial Innovation Network (GFIN), in collaboration with 11 other international financial regulators.
Client TechThe APSS is an arrangement approved by the Revenue Commissioners which operates in tandem with an employee trust. It is a way of paying bonuses by awarding shares to employees in the employer’s ultimate parent company free of income tax.
Pensions & IncentivesRevenue Approved SAYE Schemes are a tax efficient way of granting share options to employees.
Pensions & IncentivesIn Defender Ltd v HSBC Institutional Trust Services (Ireland) Ltd [2018] IEHC 587, High Court, Twomey J, 15 October 2018 the Court had to consider whether a witness statement loses its privilege when it is served on the opposing party or when it is adopted by a witness in open court.
DisputesFollowing the EDPB’s Opinion last month, the Irish Data Protection Commission (DPC) has published a non-exhaustive list of processing operations requiring a Data Protection Impact Assessment (DPIA) to be carried out.
TechnologyThe publication on Wednesday 14 November of the 585-page draft UK Withdrawal Agreement means that there is now a potential deal on the table.
BrexitOn 7 November, the Criminal Justice (Money Laundering and Terrorist Offences) (Amendment) Bill 2018 was passed by both Houses of the Oireachtas. The Bill implements the Fourth Money Laundering Directive.
Financial RegulationSpeaking at the Dublin Chamber of Commerce on 9 November last, Governor of the Central Bank of Ireland (CBI), Philip R. Lane provided a brief outline of the CBI's new strategic plan. The Central Bank Strategic Plan 2019-2021 was launched on the same day and is available on the CBI's website.
Finance
