From a domestic perspective, the European Union (Payment Services) Regulations 2018 were implemented, transposing PSD2 into Irish law. The Central Bank updated the application forms for firms seeking authorisation and also issued a number of guidance notes. On a European level, The ESAs published Final Guidelines under Articles 17 and 18(4) of the Fourth Money Laundering Directive.
Financial Regulation AdvisoryAt a domestic level, the Central Bank published the 4th edition of its investment firms questions and answers in line with the implementation of MiFID II and MiFIR. From a European perspective, MiFID II and MiFIR related activity also dominated with ESMA issuing a number of updates in connection with the transposition of the legislation.
Financial Regulation AdvisoryFrom a domestic perspective, the Central Bank issued new quarterly statistics; the Cost of Insurance Working Group published report on employer and public liability insurance. On the European front, EIOPA published a report on group supervision and also consulted on draft regulatory standards concerning professional indemnity insurance under the Insurance Distribution Directive.
Financial Regulation AdvisoryThis month the Central Bank published the twenty-eighth Edition of AIFMD Q&A and the twenty-second edition of UCITS Q&A. On the European front, the European Commission published a roadmap relating to a delegated act under the MMFR.
Financial Regulation AdvisoryOn a domestic front, the main update this month is that the Central Bank has issued Irish its responses to the January 2018 Bank Lending Survey. From a European perspective, the EBA has updated its Single Rulebook in relation to CRR and BRRD and has also published its final guidelines on disclosure requirements of IFRS 9.
Financial Regulation AdvisoryThe Central Bank of Ireland (Central Bank) announced its intention to broaden the scope of what a Loan Originating Qualifying Investor AIF (LO-QIAIF) may invest in to include "investment in debt/credit instruments".
Asset Management & Investment FundsManual Handling and Safe Systems of Work: Key Issues for Employers
Environmental & PlanningThe Irish Government has published the eagerly awaited Data Protection Bill 2018.
GDPRQ: Are AIFs which are required to produce PRIIPs KIDs required to file the KIDs with the Central Bank?
Asset Management & Investment FundsFrom an International perspective we look at the Securitisation Regulation, the Benchmarks Regulation, an IOSCO statement on financial benchmarks, a proposed new prudential regime for investment firms, the Money Market Fund Regulation, the EU Commission notice on Brexit and data protection issues, an AFME paper on Brexit risks and AML/CTF.
Asset Management & Investment FundsFrom an Irish Practice and Domestic perspective we look at some approaching compliance deadlines, MiFID II and MiFIR, Central Bank Markets Updates, the PRIIPs Regulation, the Benchmarks Regulation, the Government Legislation Programme, Central Bank Appointments and the Irish Funds working group on GDPR.
Asset Management & Investment FundsVincent Power looks at Brexit and cross-border shopping
Brexit
