ESMA’s new Guidelines on certain aspects of the MiFID II suitability requirements came into effect on 3 October 2023.
Financial RegulationThe mandatory notification regime under the EU’s Foreign Subsidies Regulation (the FSR) went live on 12 October 2023.
Corporate & M&AAnna-Marie Curran, Partner looks at the draft Green Public Procurement Strategy and Action Plan
Climate Action1 June 2023 marked a significant step forward for patent protection and enforcement in Europe with the commencement of the Unified Patent system. It created a Unitary Patent, that provides uniform protection and equivalent effect across all participating Member States under the jurisdiction of one court, the Unified Patent Court.
TechnologyAt European level, the ESAs published a joint report on the extent of voluntary disclosure of PAI’s under SFDR.
Asset Management & Investment FundsDomestically, the CBI Director of Securities and Markets delivered a speech on sustainable finance in practice for fund managers. At European level, the European Commission launched a consultation on SFDR implementation.
Asset Management & Investment FundsDomestically, the CBI published its Regulatory Service Standards Performance Report for January - June 2023. At European level, the ECB issued Decisions and a Regulation concerning the Single Supervisory Mechanism.
FinanceDomestically, the CBI published its Insurance Quarterly Newsletter and Insurance Corporation Statistics for Q2 2023. At European level, EIOPA launched a survey on access to cyber insurance and appointed new members to the Management Board.
FinanceDomestically, the CBI updated its Beneficial Ownership Q&A. At European level, ESMA published its 2024 Annual Work Programme.
Financial RegulationUse of ESG-related language in the EU funds industry, ESMA CfE on shortening the standard settlement cycle, ESMA CSA on MiFID II sustainability requirements, SFDR, AML/CFT/FS.
Asset Management & Investment FundsDeadlines, CBI funds regulatory and supervisory update.
Asset Management & Investment FundsThe way in which taxes arising on the exercise of employee share options are collected is due to change from 1 January 2024. The Irish government’s Finance Bill was published on 19 October 2023 and contains a previously unannounced change which will bring share options within employer payroll withholding obligations under the Pay As You Earn (PAYE) system for the first time.
Employment
