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Legal Updates & Insights

  • article

    Financial Services Regulation and Compliance - Investment Firms June 2023

    Domestically, the CBI has outlined its expectations in respect of the provision of unregulated products and / or services by investment firms. At European level, ESMA has launched a call for evidence on integrating sustainability preferences and product governance arrangements under MiFID II.

    Asset Management & Investment Funds
  • article

    Financial Services Regulation and Compliance - Banking June 2023

    Domestically, the CBI has published its first Financial Stability Review of 2023. At European level, the European Parliament and Council have reached provisional political agreement on the implementation of the Basel III reforms.

    Finance
  • Article

    New and tighter lobbying rules: what’s changed?

    Ireland has just passed new lobbying legislation, the Regulation of Lobbying and Oireachtas (Allowances to Members) (Amendment) Act 2023. The new law updates and strengthens Ireland's existing lobbying rules, extending their scope and enhancing the enforcement provisions. Listen to our latest Soundbite here.

    Investigations
  • article

    From snap to action: Gender pay gap reporting obligations in 2023

    The Gender Pay Gap Information Act and Regulations require employers with 250 or more employees to publish details of the gender pay gap (GPG) in their organisation by this December. Read more here.

    Employment
  • article

    New Irish regulations on access to beneficial ownership information

    In a surprise move, notification of regulations amending the European Union (Anti-Money laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 was published in the Iris Oifigiúil on Friday, 16 June 2023.

    Asset Management & Investment Funds
  • article

    Representative Actions Bill clears Dáil and moves to Seanad

    With Member States supposed to apply the EU Collective Redress Directive (EU) 2020/1828 (the Directive) from 25 June 2023, Ireland’s journey to enact domestic transposing legislation continues – now with some pace.

    Disputes
  • article

    The Irish courts’ continued support for construction adjudication

    On 23 June 2023, the High Court delivered judgment enforcing two adjudicator's decisions relating to the same parties but on two different construction projects.

    Construction
  • article

    Immigration Update: public consultation on the review of the occupations lists for employment permits

    On 26 June 2023, the Department of Enterprise, Trade and Employment launched a review of the Critical Skills Occupation List and Ineligible Occupations List for employment permits. Read more on the review here.

    Employment
  • article

    Work Life Balance law: commencement dates announced

    On 26 June 2023, Minister O'Gorman announced the commencement date for the provisions within the new Work Life Balance and Miscellaneous Provisions Act 2023, relating to medical care leave and time off for breastfeeding, will be Monday 3 July 2023. Read more on the announcement here.

    Employment
  • article

    Asset Management & Investment Funds: EU & International Developments – June 2023

    UCITS Eligible Assets Directive, ESMA Q&As, ESMA's annual report, EPM costs, Greenwashing, EU Commission on improving the sustainable finance framework, MiFID II, EMIR, AML/CFT/Sanctions.

    Asset Management & Investment Funds
  • article

    Asset Management & Investment Funds: Irish Practice Developments – June 2023

    Funds Sector 2030 public consultation, CBI consultation on its Administrative Sanctions Procedure, CBI speech on the Individual Accountability Framework, access to registers of beneficial ownership.

    Asset Management & Investment Funds
  • Article

    Update on the proposed Corporate Sustainability Due Diligence Directive

    Last year, we published an overview of the European Commission's (Commission) initial proposal for a Corporate Sustainability Due Diligence Directive (Directive).

    ESG & Sustainability