The Competition Consumer Protection Commission has been recently allocated with increased resources and new powers which will enable it to expand its role in regulating the digital economy. Read more here.
EU, Competition & ProcurementThe Central Bank of Ireland (CBI) has reprimanded and fined GlobalReach Multi-Strategy ICAV (ICAV), a UCITS ICAV, €192,500 pursuant to the European Union (European Markets Infrastructure) Regulations 2014 (EMIR Regulations).
Regulatory Risk & InvestigationsIn the International Fintech Review 2023/24, our Financial Regulatory Advisory team provide an insight into key developments and latest trends in fintech.
FinTechThe European Union’s Artificial Intelligence Act (AI Act) is one of the first attempts from a major regulator to address the growing prevalence of AI technologies. Businesses that develop, use and supply AI systems will be impacted. Importantly, this includes insurance sector firms and service providers.
Insurance & ReinsuranceAs 2023 draws to a close, the ALG Insurance & Reinsurance team take stock of key ESG & Sustainability developments in the insurance space; and look ahead to what is coming down the track for 2024.
ESG & SustainabilityOn 13 December 2023, a provisional agreement was reached between European Union co-legislators on the Corporate Sustainability Due Diligence Directive (CSDDD). The CSDDD aims to enhance the protection of the environment and human rights in the EU and globally.
ESG & SustainabilityThe Central Bank’s Administrative Sanctions Procedure (the ASP) is the regulator’s key enforcement tool.
Individual Accountability FrameworkIn this inaugural annual article, we look back on what has been a busy 2023 for insurance sector M&A in Ireland and provide an outlook of likely trends and activity in 2024.
Corporate & M&AThe Competition (Amendment) Act 2022 has introduced a number of important changes to gun-jumping under Irish merger control. These changes address some gaps in the existing legislation as well as expanding gun-jumping to transactions called-in by the Competition and Consumer Protection Commission.
EU, Competition & ProcurementOn 8 December 2023, the European Supervisory Authorities (ESAs) published the second tranche of policy measures under Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (DORA) for public consultation.
DORAOn 26 October 2023, the United Kingdom’s new procurement regime received Royal Assent. Understanding of the Act will be imperative to all organisations who fall within the scope of and are reliant on the new legislative provisions during procurement processes.
BelfastThe Central Bank of Ireland (CBI) has published updated Administrative Sanctions Procedure (ASP) Guidelines, together with a feedback statement on its Consultation on the draft ASP Guidelines initially issued in June this year.
Regulatory Risk & Investigations