The ODPC has published guidance, The GDPR and You - Preparing for 2018, to help organisations prepare for the GDPR.
Commercial & TechnologyOn the Domestic Front: Central Bank publishes AIF Rulebook and AIFMD Q&A; Central Bank published Feedback Statement to the Consultation on amendments to the Central Bank UCITS Regulations. On the EU Front: ESMA issues opinion on UCITS Share Classes; FSB publishes a report which makes recommendations to address structural vulnerabilities from asset management activities.
Financial RegulationOn the Domestic Front: Central Bank publishes updates to Solvency II reporting materials; Insurance Ireland calls for reform of life assurance levy and exit tax; Insurance Ireland welcomes recommendations to address rising cost of insurance.
Financial RegulationOn the Domestic Front: Central Bank of Ireland publishes Q&A on the Transparency Regulatory Framework; Central Bank of Ireland publishes Feedback Statement on Consultation on the Central Bank Investment Firms Regulations 2015
Financial RegulationWe are delighted with readers' response to our new Question of the month in the Front Page. Thank you. We invite readers to send topical questions which would be of general interest to readers to A&L Goodbody Investment Funds. Each month we choose a question and publish the question and answer. We look forward to hearing from you.
Asset Management & Investment FundsESMA Q&A on application of AIFMD
Asset Management & Investment FundsThe Front Page, Asset Management & Investment Funds: Upcoming approaching deadlines
Asset Management & Investment FundsThe Supreme Court has given leave to Permanent TSB to appeal the decision of the Court of Appeal in Permanent TSB plc v Langan [2016] IECA 229, which held that the Circuit Court had no jurisdiction to grant orders for possession of residential investment properties as they were "not rateable" under Section 15 of the Valuation Act 2001 (the 2001 Act) and were not covered by the Land and Conveyancin
DisputesThis case concerned the termination of two demand guarantees by the Plaintiff who was acting as personal representative of an individual who had died in 2012 (the Deceased). The Plaintiff argued that as the guarantees had been terminated, no debt was owed to Ulster Bank Ireland Limited (the Bank).
FinanceSome good news, on 25 November, the Central Bank announced an important change to their requirements for loan originating Qualifying Investor AIFs (LQIAIFs) which is to take effect from 3 January 2017 when a revised AIF Rulebook will be published.
Asset Management & Investment FundsThe Convention on International Interests in Mobile Equipment and the Protocol to the Convention on Matters Specific to Aircraft Equipment (Cape Town Convention) has taken effect in Australia, Ivory Coast, Denmark, Spain, Sweden and the UK.
Aviation & Transport FinanceLast month, two Uber drivers in London won their test cases before the UK Employment Tribunal (the ET). The ET held that they were "workers" and not self-employed individuals. The significance of this finding is that as "workers" they are entitled to certain minimum statutory protections.
Employment
