The Government has published its Legislation Programme for Autumn/Winter 2015. We have set out below a list of the key Bills of interest which are coming down the tracts, and the status of other important Bills which are currently before the Houses of the Oireachtas.
DisputesRecent high profile security incidents illustrate that no institution or business is immune from cyber attack. A cyber attack on the White House in 2014 resulted in a partial shutdown of its email system.
TechnologyOn the Domestic Front: Central Bank publishes findings of Cyber Security / Operational Risk Thematic Inspection. CCPC publish merger Q&A with Director of Legal Services. Central Bank publishes Pre-Approval Controlled Functions (PCFs) guidance for Credit Unions.
FinanceOn the Domestic Front: Central Bank issues deadlines for pre-Christmas/year-end applications. New prescribed jurisdictions for ICAV migrations. Minister for Finance passes Regulations amending the 2005 Prospectus Regulations. On the International Front: ESMA issues UCITS V implementing technical standards on penalties and measures.
FinanceOn the Domestic Front: Minister for Finance introduces EC (Credit Rating Agencies) (Civil Liability) Regulations 2015. Central Bank publishes new form for notification of acquisition of qualifying holdings in Investment Business Firms. Banking and Payments Federation Ireland replaces Irish Banking Federation on board of the Investor Compensation Company
FinanceOn the Domestic Front: Microenterprise Loan Fund Scheme 2015 dispenses with prior bank refusal requirement. On the International Front: EBA publishes results of the Basel III monitoring exercise.
FinanceOn the Domestic Front: Central Bank publishes Solvency II National Specific Templates. High Court overturns FSO decision on non-disclosure of material fact.
FinancePart 2 of the Urban Regeneration and Housing Act 2015, which was commenced on 1 September 2015 pursuant to SI 364/2015, provides for the introduction with effect from 2017 of a vacant site register within each local authority area and, with effect from 2018, the payment of a levy by the owner of each such vacant site.
Commercial PropertyThis article examines a recent English High Court decision, which highlights the diverging approaches of the English and Irish Courts to Data Subject Access Requests.
GDPRThe Advocate General, Yves Bot, of the Court of Justice of the European Union (CJEU) yesterday delivered his opinion in Maximillian Schrems v Data Protection Commissioner Case, C‑362/14 (the Opinion).
TechnologyIn The Governor & Company of the Bank of Ireland v Rogerson & ors [2015] IEHC 560 High Court, Keane J, 14 August 2015 the Bank sought summary judgment from the defendants in the amount of €1 million.
DisputesOn the International Front, we look at UCITS V implementing technical standards on penalties and measures, an updated list of AIFMD MoUs, an IOSCO report on peer review of regulation of money market funds, ESMA work schedules (and achievements), AML/CFT developments and we look at ESMA and IOSCO on Risk
Asset Management & Investment Funds
