The Seanad has now passed the Bill, with some minor amendments. These have the effect of involving both Houses of the Oireachtas in the various statutory procedures, rather than the Dáil exclusively (as provided for in the Bill passed by the Lower House).
Environmental & PlanningOn the International Front we look at the draft UCITS V level 2 Regulation, ESMA Q&A on AIFMD, IOSCO report on third hedge fund survey and the Cybersecurity Directive.
Asset Management & Investment FundsOn the Domestic Front, we look at Deadlines, AIF Rulebook consultation, AIFM reporting, UCITS Q&A, AML, CBI themed inspections and CRS
Asset Management & Investment FundsSpeaking at the recent HSR environmental conference, Jason Milne, Associate, A&L Goodbody addressed the issue of making provision for the cost of mopping up environmental damage - as well as greater energy and water efficiency, for businesses large and small.
Environmental & PlanningThe Court of Appeal in Kelly v The Information Commissioner [2015] IECA 270 upheld the High Court's finding that no statutory appeal lay from the discontinuance of a review by the Information Commissioner.
DisputesThe Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 came into force on 8 July 2015.
FinanceThe High Court recently considered two cases involving arguments as to whether loans should be deemed consumer loans and the application of the Code of Conduct on Mortgage Arrears.
FinanceTwo recent Labour Court decisions have reiterated the need for employers to apply their disciplinary procedures where an employee on probation is being dismissed. A common and mistaken belief among employers is that there is no requirement to apply fair procedures if an employer decides to dismiss an employee on probation.
Pensions & IncentivesIn Clubgear v Mitre Sports International Ltd and Prostar Sports Ltd [2015] IEHC 708 the High Court upheld the validity of a jurisdiction clause, in favour of the Courts of England and Wales. The jurisdiction clause was contained within the defendants' terms and conditions of trading, on the reverse side of a credit account opening form.
DisputesOn the Domestic Front: Items including the following - Central Bank publishes a Guide to Prospectus Approval in Ireland - ISE publishes updated rules for ESM listed companies, Central Bank updated Credit Union Handbook chapters and publishes Q&A document
Financial RegulationOn the Domestic Front: Central Bank Markets Update; updated AIF Rulebook, AIFMD Q&A, Feedback statement on CP86, Guidance for Fund Management Companies, Revised UCITS Guidance - Central Bank Report on Anti-Money Laundering, Countering the Financing of Terrorism and Financial Sanctions Compliance in the Irish Funds Sector
FinanceOn the Domestic Front: Central Bank consults on Investment Firm Regulations 2015 - Central Bank publishes findings of thematic review of CFDs On the International Front: Items including the following - EU Commission adopts equivalence decisions for CCPs - ESMA publishes a consultation paper on indirect clearing arrangements under EMIR and MiFIR
Finance
