The Equality (Miscellaneous Provisions) Act 2015 was signed into law on 10 December last and is due to commence early in 2016. The Act makes numerous amendments to employment equality legislation. Of note for employers are the changes to the compulsory retirement age.
EmploymentThe increase in the national minimum wage to €9.15 per hour came into effect on 1 January last. The increase is expected to benefit approximately 140,000 workers nationwide.
EmploymentAs insurers and reinsurers will be aware, the Solvency II regime came into force on 1 January 2016.
Insurance & ReinsuranceOn the Domestic Front: Items including the following - Amended Transparency Regulations and New Transparency Rule - New Central Bank list of Pre-Approval Controlled Functions - Central Bank introduces consumer protection standards for credit servicing firms
FinanceOn the Domestic Front: Items including the following - Central Bank issues Consultation on Amendments to the AIF Rulebook - Central Bank programme of themed inspections in Markets Supervision - Central Bank issues new UCITS Q&A. On the International Front: Items including the following - UCITS V level 2 Regulation - ESMA Q&A on application of AIFMD
FinanceOn the Domestic Front: Items including the following - Central Bank publishes programme of themed inspections in Markets Supervision. On the International Front: Items including the following - ESMA publishes final report on draft ITS under MiFID II - European Commission proposes to overhaul prospectus rules
FinanceOn the Domestic Front: Items including the following:Central Bank publishes FAQs on new regulations on residential mortgage lending - Central Bank adopts European Union (Bank Recovery and Resolution) Resolution Fund Levy Regulations 2015 - Introduction of the counter cyclical buffer.
FinanceOn the Domestic Front: Items including the following - Finance (Miscellaneous Provisions) Act 2015 - Central Bank publishes Solvency II reporting and data processing material.
FinanceThe update also includes the Eleventh Edition of a UCITS Q&A with a new Q&A 1059 which confirms that that internally managed investment companies must comply with Regulation 100 (7) of the Central Bank UCITS Regulations (which concerns the independence of the individual performing the organisational effectiveness role).
FinanceThe update also includes the Eleventh Edition of a UCITS Q&A with a new Q&A 1059 which confirms that that internally managed investment companies must comply with Regulation 100 (7) of the Central Bank UCITS Regulations (which concerns the independence of the individual performing the organisational effectiveness role).
Asset Management & Investment FundsThe Seanad has now passed the Bill, with some minor amendments. These have the effect of involving both Houses of the Oireachtas in the various statutory procedures, rather than the Dáil exclusively (as provided for in the Bill passed by the Lower House).
Environmental & PlanningOn the International Front we look at the draft UCITS V level 2 Regulation, ESMA Q&A on AIFMD, IOSCO report on third hedge fund survey and the Cybersecurity Directive.
Asset Management & Investment Funds
