Domestically, the CBI publishes updated guidance notes in respect of the authorisation application for MiFID investment firms. At European level, ESMA publishes a position paper on “Building more effective and attractive capital markets in the EU”.
Asset Management & Investment FundsDomestically, the Motor Insurance Compensation Bill begins formal legislative process. At European level, the Prudent Person Principle under Solvency II peer review results and Insurance Risk Dashboard for Q4 2023 are published by EIOPA.
FinanceDomestically, the CBI published notice of intention for guidelines on stress test scenarios under the MMF Regulation. At European level, ESMA publishes updated guidance on the calculation of performance fees for UCITS and AIFs.
Asset Management & Investment FundsDomestically, the Minister for Finance holds a workshop on the National Payment Strategy and the CBI publishes its 2023 Annual Report. At European level, the EBA comments on divergences in the application of regulation on virtual IBANs in the EU.
FinancePerformance fees, greenwashing, SFDR, Investment Firms’ prudential framework, AI, MiFID II marketing requirements, AML/CFT/FS.
Asset Management & Investment FundsDeadlines, CBI Markets Update.
Asset Management & Investment FundsThe Final Report responds to the European Commission’s May 2022 request to the three European Supervisory Authorities for their respective input on greenwashing risks and supervision of sustainable finance policies.
Asset Management & Investment FundsThe Screening of Third Country Transactions Act 2023 (Irish Screening Act) is due to come into force in the 1st week of September 2024.
EU, Competition & ProcurementThe 2023 Annual Report of the Irish Revenue Commissioners (Revenue) was recently published. 2023 notably marked a century since Revenue was established, on 21 February 1923.
TaxMay was a busy month for updates on sustainability reporting and due diligence requirements. As we await the publication of the highly-anticipated national implementing legislation for the CSRD, there have been several useful updates worth highlighting.
ESG & SustainabilityFollowing the commencement of the Representative Actions for the Protection of the Collective Interests of Consumers Act 2023 on 30 April 2024 and the publication of the application form for organisations wishing to be designated as ‘Qualified Entities’, the Irish Council for Civil Liberties is the first entity to be designated as a QE in Ireland.
DisputesThe Government of Ireland, in particular the Department of Agriculture, Food and the Marine (DAFM) and the Department of Environment, Climate and Communications (DECC) have prepared Ireland’s National Biomethane Strategy May 2024.
Energy & Natural Resources
